FI Evening Grain Comments 01/27/23

FI Evening Grain Comments 01/27/23

CFTC COT, fund estimate, and Jan 1 cattle inventories will be out later.   PDF Attached   In a choppy trade, nearby positions for the soybean complex were on the defensive Friday, led by soybeans, after Argentina soybean crop conditions slightly improved...
FI Morning Grain Comments 01/27/23

FI Morning Grain Comments 01/27/23

PDF attached   Good morning.   Soybeans and meal are softer this morning after posting solid gains over the last two sessions. Soybean oil is climbing higher from strength in US WTI crude oil and a rally in palm oil futures.  Grains are lower early...
FI Evening Grain Comments 01/26/23

FI Evening Grain Comments 01/26/23

PDF Attached   Private exporters reported sales of 106,000 metric tons of soybeans for delivery to China during the 2023/2024 marketing year.  USD was higher, WTI crude oil up $1.61 and US equity futures ended higher, US treasuries were lower on...
FI Morning Grain Comments 01/26/23

FI Morning Grain Comments 01/26/23

PDF attached   Good morning.   Private exporters reported sales of 106,000 metric tons of soybeans for delivery to China during the 2023/2024 marketing year.   USD was higher, WTI crude oil up $1.61 and US equity futures mostly higher. Export sales were...
FI Weekly USDA Export Sales Snapshot 01/26/23

FI Weekly USDA Export Sales Snapshot 01/26/23

PDF attached   US GDP Annualized (Q/Q) Q4 A: 2.9% (est 2.6%; prev 3.2%) US Core PCE (Q/Q) Q4 A: 3.9% (est 3.9%; prev 4.7%) US GDP Price Index Q4 A: 3.5% (est 3.2%; prev 4.4%) US Personal Consumption Q4 A: 2.1% (est 2.9%; prev 2.3%)   US Initial Jobless...