FI Morning Grain Comments 04/03/23

FI Morning Grain Comments 04/03/23

PDF attached   Private exporters reported the following sales activity: 150,000 metric tons of corn for delivery to Mexico during the 2023/2024 marketing year 20,000 metric tons of soybean oil for delivery to unknown destinations during the 2022/2023 marketing...
FI Evening Grain Comments 04/02/23

FI Evening Grain Comments 04/02/23

PDF Attached   OPEC+ may cut crude oil production (see macro section).   USDA reported a bullish soybean March 1 stocks estimate and 2023 soybean planted area. The stocks estimate for soybeans could suggest a lower than expected 2022 US production, but the...
FI Evening Grain Comments 03/30/23

FI Evening Grain Comments 03/30/23

PDF Attached   Positioning was seen ahead of the USDA report on Friday.   Fund estimates as of March 30   Weather   World Weather Inc. WEATHER TO WATCH As expected, the GFS and ECMWF models took back much of the precipitation advertised for the...
FI Evening Grain Comments 03/29/23

FI Evening Grain Comments 03/29/23

PDF Attached   USDA reported private exporters reported sales of 204,000 metric tons of corn for delivery to China during the 2022/2023 marketing year. Grains finished firmer on demand and the news that Cargill said they plan to stop exporting Russian...