FI US Ethanol Snapshot 01/05/23

FI US Ethanol Snapshot 01/05/23

PDF attached   US weekly ethanol data was bearish for corn futures. The cold snap across the US likely slowed US ethanol production, and soybean crush.   US weekly ethanol production plunged 119,000 barrels to 844,000 barrels. This was the largest weekly...
FI Morning Grain Comments 01/05/23

FI Morning Grain Comments 01/05/23

PDF attached   Good morning   No USDA 24-H posted at the time this was written   US jobless claims came in lower than expected and US stocks moved lower. US payroll figures are due out on Friday. WTI crude oil is rebounding, and USD is up more than 60...
FI Evening Grain Comments 01/04/23

FI Evening Grain Comments 01/04/23

PDF Attached   USDA: Private exporters reported sales of 124,000 metric tons of soybeans for delivery to unknown destinations during the 2022/2023 marketing year.   Outside commodity markets again pressured agriculture futures. March corn saw one of its...
FI Morning Grain Comments 01/04/23

FI Morning Grain Comments 01/04/23

PDF attached   Good morning   WTI crude was down more than $1.80 earlier, USD lower and US equities higher. CBOT soybeans and soybean meal are rebounding this morning. The lower trade in WTI crude oil and weakness in palm oil futures are pressuring soybean...
FI Evening Grain Comments 01/03/23

FI Evening Grain Comments 01/03/23

PDF Attached   Attached is our updated US all-wheat S&D and US acreage table. Lower trade to the start of the year in a risk off session. Many outside markets sold off. The USD was up 151 points by midafternoon. Some noted long liquidation today on...