by Terry Reilly | Jun 21, 2023
PDF Attached Multi month highs were seen for many CBOT ag contract months. Soybean oil was limit lower and limits expand 50 percent (along with complex). https://www.cmegroup.com/trading/price-limits.html EPA released mandates for 2023-2025 and traders viewed...
by Terry Reilly | Jun 21, 2023
PDF attached Good morning. USD is higher, WTI moderately higher, and US equities lower. EPA released mandates for 2023-2025 and traders viewed the advanced biofuel as less than expected (modest increase), sending soybean oil sharply lower (renewable)...
by Terry Reilly | Jun 20, 2023
PDF Attached Calls: Higher based on crop progress Soybeans 20-30 higher Meal $4-$7 higher SBO 50-100 higher Corn 7-13 higher Wheat 7-15 higher We need a day or two to look at ratings and project accurate (Aug 1) US yields. Bias is for a large SW,...
by Terry Reilly | Jun 20, 2023
Calls: Higher based on crop progress Soybeans 20-30 higher Meal $4-$7 higher SBO 50-100 points higher Corn 7-13 higher Wheat 7-15 higher EPA headlines not expected to trump USDA CP Reuters covering US EPA mandates: US EPA PLANS TO FINALIZE 2023...
by Terry Reilly | Jun 20, 2023
PDF attached Good morning. Mixed to lower trade this morning from profit taking after prices hit multi-month highs overnight. The weather forecast calls for rain bias WCB this week but not all areas will see rain. US temperatures will be warmer this...
