FI Evening Grain Comments 03/17/23

FI Evening Grain Comments 03/17/23

PDF Attached   11th hour Black Sea export deal may prompt a lower trade Sunday for grains, led by wheat. Lower close Friday for the CBOT soybean complex with soybean oil share recovering due to rumors Argentina soybean imports will yield higher than expected meal...
FI Ag Commitment of Traders as of March 7

FI Ag Commitment of Traders as of March 7

PDF attached   CFTC Commitment of Traders as of March 7 Another week where the traditional (funds) net corn position was much less long than expected at 103,300 contracts (futures only). Unlike the previous week, open interest was actually up. Note the combined...
FI Evening Grain Comments 03/16/23

FI Evening Grain Comments 03/16/23

PDF Attached   USDA export sales for the complex, corn and wheat were within expectations. Sorghum sales were a marketing year high.   WTI crude oil rebounded, USD was lower and US equities turned higher. Soybeans ended mixed (bull spreading), meal lower and...
FI Morning Grain Comments 03/16/23

FI Morning Grain Comments 03/16/23

PDF attached   Good morning.   European meal prices are unavailable. Foreign prices are therefore not included.   USDA export sales for the complex, corn and wheat were within expectations. Sorghum sales were a marketing year high.   WTI is...
FI Weekly USDA Export Sales Snapshot 03/16/23

FI Weekly USDA Export Sales Snapshot 03/16/23

PDF attached   Sales were within expectations             Export Sales Highlights This summary is based on reports from exporters for the period March 3-9, 2023. Wheat:  Net sales of 336,700 metric tons (MT) for 2022/2023 were...