by Terry Reilly | Jul 1, 2021
PDF attached USDA Export Sales Unimpressive USDA export sales with exception of new-crop soybeans that came in as expected. Meal, soybean oil, and wheat sales were near the bottom end of trade expectations. Corn sales were very disappointing. ...
by Terry Reilly | Jun 30, 2021
PDF Attached Report day – Largest upward price move for end of June reports since 2015. CME margin changes: RAISES SOYBEAN FUTURES (S) MAINTENANCE MARGINS BY 11.1% TO $5,000 PER CONTRACT FROM $4,500 FOR JULY 2021 SAYS INITIAL MARGIN RATES ARE...
by Terry Reilly | Jun 30, 2021
PDF attached US Acreage Much lower-than-expected US planted acres for soybeans and corn were reported this morning. Corn acres came in 1.095 million acres below expectations at 92.692 million, 1.55 million above March. Some estimates thought the US...
by Terry Reilly | Jun 30, 2021
Attached PDF Much lower than expected planted acres for soybeans and corn. However, overall production in July will not change much for soybeans. Corn could be revised up 177 million, and all-wheat up 34 million, using USDA’s current harvested area,...
by Terry Reilly | Jun 30, 2021
PDF attached Weekly US ethanol production was up 10,000 barrels to 1.058, highest since 1.067 million a month ago. The trade was looking for a 4,000-barrel decrease. Stocks were up 452,000 barrels to 21.572 million, highest since 3/19/21. ...
