FI Evening Grain Comments 10/12/22

FI Evening Grain Comments 10/12/22

PDF Attached includes updated US soybean complex S&D’s   USDA report day. Another surprise with a bullish US soybean production estimate. CBOT ag markets ended mixed with corn near unchanged, wheat lower and soybeans higher. Meal gained on soybean oil....
FI snapshot for USDA report plus 2 full USDA PDF’s

FI snapshot for USDA report plus 2 full USDA PDF’s

3 PDF’s attached   Bullish soybeans with lower-than-expected US yield. They were forced to lower exports by 40 million bushels. We are surprised USDA did not increase old crop soybean oil use for biofuel. US corn production fell a less than expected 49...
FI Morning Grain Comments 10/12/22

FI Morning Grain Comments 10/12/22

PDF attached   Good morning. USDA report day.   CBOT ag market are lower. US PPI was higher than expected, sending WTI crude oil lower, USD higher, and selloff in US equities. This could be a negative influence for grains. Soybean oil lost ground to meal...
FI Evening Grain Comments 10/11/22

FI Evening Grain Comments 10/11/22

PDF Attached   US agriculture markets opened lower following weakness in outside related markets and sharply lower wheat after a Russian official said they may remove their grain-export quota. Typically, Russia limits grain exports late in the crop season....