FI Morning Grain Comments 07/09/21

FI Morning Grain Comments 07/09/21

PDF attached   Good morning.   WASHINGTON, July 9, 2021–Private exporters reported to the U.S. Department of Agriculture export sales of 228,600 metric tons of soybeans for delivery to Mexico during the 2021/2022 marketing year.   Export sales were...
FI Weekly USDA Export Sales Snapshot 07/09/21

FI Weekly USDA Export Sales Snapshot 07/09/21

PDF attached   USDA export sales Sales were viewed as bearish to neutral.  US soybean export sales came in on the light side of expectations. Old crop soybean commitments are running at nearly 100 percent of USDA’s export projection.  Shipments need to...
FI US Ethanol Snapshot 07/08/21

FI US Ethanol Snapshot 07/08/21

PDF attached   Weekly ethanol production matched the season high of 1.067 million barrels for the week ending July 2.  It was up 9,000 barrels while the trade was looking for a 3,000 barrel reduction.  Stocks decreased by 423,000 barrels and are down...
FI Morning Grain Comments 07/07/21

FI Morning Grain Comments 07/07/21

PDF attached   Good morning.   This morning the CBOT ag markets were mostly higher overnight led by soybeans on a more than expected drop in US soybean, winter wheat and spring wheat conditions, and technical rebound.  But corn and soybean oil turned...
FI Morning Grain Comments 07/06/21

FI Morning Grain Comments 07/06/21

PDF attached   Good morning.   Calls: Soybeans 15-25 lower Soybean meal $4-7 lower Soybean oil 50-100 lower (could be supported post open amid large drop in registrations) Corn 8-13 lower Wheat 10-20 lower bias MN to downside   Calls are predicated on...