FI Morning Grain Comments 06/25/20

FI Morning Grain Comments 06/25/20

PDF attached   Morning.  USDA export sales for soybeans, soybean oil and wheat were within expectations.  Corn was at the lower end of the trade and soybean meal sales were below expectations.  Shipments of meal of nearly 300,000 tons were ok and...
FI Evening Grain Comments 06/24/20

FI Evening Grain Comments 06/24/20

PDF Attached   During the trading day we heard China bought an unknown quantity of US corn and the Philippines may have bought soybean meal.  Lower WTI added downward pressure to soybean oil.  Corn basis for Seneca, IL was down 40 to 45 under due in...
FI US Ethanol Snapshot 06/24/20

FI US Ethanol Snapshot 06/24/20

PDF attached   US weekly ethanol production was up 52,000 barrels to 893,000 and stocks fell 312,000 to 21.034 million.  A Bloomberg poll looked for production to be up 32,000 at 811,000 barrels (and stocks to decrease 14,000 barrels.  Production...
FI Morning Grain Comments 06/24/20

FI Morning Grain Comments 06/24/20

PDF attached   Morning.  US weather will remain good.  GFS is wetter than the European models. WCB will remain on the drier side over the next 7 days.  It was heard of that China bought another 2 US cargoes of soybeans, both out of the Gulf for Q4...
FI Evening Grain Comments 06/23/20

FI Evening Grain Comments 06/23/20

PDF Attached   Weather and Crop Progress MARKET WEATHER MENTALITY FOR CORN AND SOYBEANS:  U.S. weather is expected to be nearly ideal over the coming two weeks with periodic showers and thunderstorms intermixing with periods of sunshine and warm temperatures...