FI Morning Grain Comments 03/31/21

FI Morning Grain Comments 03/31/21

PDF attached   Good morning and happy USDA report day!   93.2 million corn and 90 million soybeans are the two estimates traders will be most focused on this morning, but remember stocks for soybeans, corn and wheat will be important for old crop as it will...
FI Evening Grain Comments 03/29/21

FI Evening Grain Comments 03/29/21

PDF Attached   TX, OK, and KS winter wheat ratings declined from the previous week.  Choppy and slow trade ahead of USDA’s end of March reports. Soybean oil saw a wide trading range, ending higher.  Soybeans, meal and corn closed lower.  Wheat...
FI Evening Grain Comments 03/26/21

FI Evening Grain Comments 03/26/21

PDF Attached   Some traders think the inflation story is starting to die down.      Increasing Covid-19 cases across Europe prompted additional restrictions and warnings this week.  This should be monitored over the weekend into the short...
FI Ag Commitment of Traders 03/26/21

FI Ag Commitment of Traders 03/26/21

PDF attached   CFTC Commitment of Traders Traders missed estimating the corn traditional net fund futures only position by a very large 50,600 contracts (509,100 versus 488,100 estimated).  Funds were also more long than estimated for soybeans and wheat, and...
FI Evening Grain Comments 03/24/21

FI Evening Grain Comments 03/24/21

PDF Attached   Higher trade in CBOT soybean complex and nearby corn.  Wheat trended lower on improving US weather.    Weather Brazil will see a drier bias over the next several days.  Monsoon rains are expected to withdraw later in...