FI Morning Grain Comments 02/28/23

FI Morning Grain Comments 02/28/23

PDF attached.   Good morning.   First notice day deliveries were heavier than expected. WTI crude oil earlier was $1.96 cents higher, natural gas lower, USD 15 points lower and US equities mixed. Lower trade in the soybean complex and grains this morning, in...
FI Evening Grain Comments 02/27/23

FI Evening Grain Comments 02/27/23

PDF Attached   WTI crude oil and USD were both lower.  US equities were higher. CBOT wheat fell on large stockpiles.  Corn and soybeans continued its liquidation from last week.  US Great Plains winter wheat areas saw an improvement in weather...
FI Evening Grain Comments 02/25/23

FI Evening Grain Comments 02/25/23

PDF Attached   US economic data coupled with geopolitical headlines sent many US agriculture markets lower. Corn, wheat, and soybeans were lower. Nearby meal was higher from Argentina crop concerns. Soybean oil fell on product spreading. China openly stated they...
FI Evening Grain Comments 02/23/23

FI Evening Grain Comments 02/23/23

PDF Attached   Please note I will be out of the office Friday morning travelling.   We attached our US S&D’s with no changes to FI’s 2023-24 projections, to compare against USDA’s Agricultural Outlook Forum (AOF). Day 1:...