FI Evening Grain Comments 07/13/21

FI Evening Grain Comments 07/13/21

PDF Attached   Daily estimate of funds will be updated Wednesday morning.   Weather   WORLD WEATHER INC. MOST IMPORTANT WEATHER OF THE DAY Canada’s Prairies, North Dakota, parts of Montana and northern Minnesota are facing ten days of very...
FI Grain Market Update 07/12/21

FI Grain Market Update 07/12/21

PDF attached   Price ranges unchanged except for spring wheat (revised higher)   USDA released their July supply and demand outlook    Reaction:  Bullish wheat.  Corn and soybeans slight supportive.    USDA OCE Secretary...
FI snapshot for USDA S&D

FI snapshot for USDA S&D

US other spring + durum production largest surprise Wheat carryout suggests we could see higher wheat prices by the time we close   No change in US corn and soybean yields US crush lower by 5 SBO for biofuel lowered by 200, food up 300 for 2020-21 US corn for...
FI Ag Commitment of Traders 07/09/21

FI Ag Commitment of Traders 07/09/21

PDF attached   CFTC Commitment of Traders We see no price implications from the results of the CFTC Commitment of Traders report.  Funds were a little less long for corn and soybeans and more long for Chicago wheat, but given the high open interest,...