FI Morning Grain Comments 04/20/23

FI Morning Grain Comments 04/20/23

PDF attached   Good morning.    Follow through selling is seen for the US soybean complex and grains from the resumption in Black Sea grain export inspections. China ag futures were lower overnight. WTI crude oil was down more than $1.40, USD lower, and...
FI Weekly USDA Export Sales Snapshot 04/20/23

FI Weekly USDA Export Sales Snapshot 04/20/23

PDF attached   USDA export sales Mostly bearish. USDA export sales were poor for soybeans and soybean oil. Soybean meal sales came in at the lower end of expectations. Corn sales were withing looking at the combined old and new crop figures, and wheat was within...
FI US Ethanol Snapshot 04/19/23

FI US Ethanol Snapshot 04/19/23

PDF attached.   EIA US weekly ethanol production rebounded 65,000 barrels for the week ending 4/14 to 1.024 million barrels, highest since February 17, on good US production margins after some plants went offline late March. US stocks increased for the first time...
FI Morning Grain Comments 04/19/23

FI Morning Grain Comments 04/19/23

PDF attached   Good morning.    Negative UK CPI data and other global economic reports & concerns sent energy and equity markets lower. USD was up 23 points, WTI lower by $1.40 and US equities lower.   A resumption in Black Sea grain export...
FI Evening Grain Comments 04/18/23

FI Evening Grain Comments 04/18/23

PDF Attached includes FI estimates for USDA export sales   Choppy trade with soybeans ending higher led by slow Argentina producer selling and higher soybean oil. Wide two-sided trade in meal with a lower close on demand destruction. Corn ended moderately higher,...