FI Morning Grain Comments 10/04/21

FI Morning Grain Comments 10/04/21

PDF attached   Good morning.   WTI is about 52 cents higher and USD down 28.  US equities are near unchanged to lower.  The soybean complex is lower led by soybeans (9-month low) and soybean oil.  Offshore values are leading soybean oil 91...
FI Ag Commitment of Traders 10/01/21

FI Ag Commitment of Traders 10/01/21

PDF attached   Commitment of Traders The traditional fund position for Chicago wheat ended up net short 3,600 contracts, rather than net long the trade expected, at a 18,400 difference (more short).  Funds were more less long than expected in corn.  For...
FI Evening Grain Comments 10/01/21

FI Evening Grain Comments 10/01/21

PDF Attached   New month/new money.  Lower trade in soybeans and meal.  Higher trade in soybean oil.  Corn was led higher by a surge in US wheat futures on follow through buying from a reduction in US 2021 production.  USD was 21 points...
FI Evening Grain Comments 09/30/21

FI Evening Grain Comments 09/30/21

PDF Attached   Grain Stocks and Small Grains Annual Summary reports were released and initial reaction was bearish for soybeans, lessor extent corn, and bullish wheat.  US has more soybeans to sell to China.    USDA NASS Recap...