PDF Attached

 

Wild
start to 2021 is not all that surprising since 2020 ended with an explosive week.  Corn snapped a long consecutive bull run by closing slightly lower in the nearby.  All major CBOT ag markets were higher to start on South American weather and Argentina economic
concerns, but as a new month and new quarter tend to bring new money, so did a new tax year that brought heavy producer selling. 

 

 

Weather

 

CHANGES
OVERNIGHT AND MOST IMPORTANT ISSUES

  • Weekend
    rainfall improves topsoil moisture in parts of Cordoba, San Luis and Santiago del Estero, Argentina
    • Recent
      rainfall in other parts of Argentina induced small pockets of improved topsoil moisture
    • Many
      crop areas in Argentina still have short to very short top and subsoil moisture
  • Brazil’s
    latest soil assessment shows good soil moisture from much of Mato Grosso through many areas in Goias and central and eastern Mato Grosso do Sul to Parana, Santa Catarina, Sao Paulo and central and southern Minas Gerais
    • Dryness
      is a concern in northeastern Brazil, although some relief is coming later this week and next week to a part of that region
    • Rio
      Grande do Sul has begun to dry down and more drying is expected
  • China
    will experience some very cold temperatures during the middle to latter parts of this week and possibly again during mid-week next week
    • Thursday
      will be coldest this week with extreme lows in the positive and negative single digits Fahrenheit near and north of the Yellow River with little to no snow on the ground
      • Winterkill
        is not very likely, but the situation will be closely monitored because of temperatures near the damage threshold
        • Sufficient
          hardening has occurred over the past week and through the first part of this week to help limit the potential for permanent damage
  • Flooding
    rain has occurred during the past few days in Peninsular Malaysia and a part of the Philippines resulting in some damage to personal property and agriculture
    • More
      than 14.00 inches of rain fell in the first three days of this year in parts of Peninsular Malaysia resulting in serious flooding
    • Flooding
      will continue periodically, but there should be enough of a reduction in rain intensity to reduce the severity of the flooding that has occurred recently
  • Waves
    of rain and snow will finally reach Russia’s Southern Region and some immediate neighboring areas Thursday through most of next week
    • The
      moisture will help increase soil moisture for use in the spring, although some of the precipitation will fall as snow may not reach into the soil until warming occurs
    • No
      threatening cold will impact winter crop areas in the western CIS through the next ten days to two weeks

 

DETAILS
OF WEATHER AROUND THE WORLD

  • Argentina
    rainfall Thursday into this morning was limited to the far west from San Luis to Santiago del Estero where rainfall varied from 0.12 to 0.84 inch most often
    • Local
      totals to 1.50 inches occurred in Santiago del Estero and to 1.92 inches in San Luis.
    • Dry
      weather occurred elsewhere, and temperatures were warm
    • Highest
      afternoon temperatures Thursday through Saturday were in the 90s Fahrenheit with an extreme of 102 at Bahia Blanca in southwestern Buenos Aires and 104 in west-central Santiago del Estero
    • Lowest
      morning temperatures were in the upper 40s and 50s in the far south and in the 50s and 60s in most other areas
      • A
        few warmer readings occurred in Formosa
  • Argentina
    weather will not change much through Saturday, although a few thunderstorms will occur today in southern and western Buenos Aires and La Pampa while continuing in San Luis, Cordoba and Santiago del Estero.
    • Rain
      totals this week will range from 0.20 to 0.80 inch except in west-central areas where 0.60 to 2.00 inches will result
    • Heavy
      rain will fall in Salta
    • Net
      drying is expected in all other crop areas including the key grain and oilseed production areas in the heart of the nation
    • Temperatures
      will be seasonably warm, but not hot
  • Argentina
    weather next week will include scattered showers and thunderstorms in some of this week’s driest areas, but no general soaking of rain is expected
    • Daily
      rainfall will vary from 0.15 to 0.60 inch with coverage eventually reaching close to 85%, but day to day rainfall may not have nearly as great of coverage and intensity as that needed to seriously change soil moisture and crop conditions
      • Temporary
        relief is expected and there will be a few pockets of 1.00 to 2.00-inch rainfall
    • Many
      areas from eastern Buenos Aires through eastern Santa Fe and Entre Rios may struggle to get enough rain to counter evaporation leaving crops stressed
    • Argentina’s
      greatest rain will fall in the west where another 0.50 to 1.50 inches is possible during the week next week
    • Temperatures
      will continue a little warmer than usual
  • Argentina’s
    bottom line will remain one of concern for central and eastern crop areas in the nation where rainfall will be quite limited over the coming week with some relief occurring temporarily next week. Temperatures will continue warm biased, as well. Some crop improvements
    are expected from Salta through Santiago del Estero and portions of Cordoba to San Luis
  • Brazil’s
    weather pattern did not change greatly during the holiday weekend
    • Showers
      and thunderstorms maintained favorable crop and field moisture from parts of Mato Grosso through portions of Goias to Minas Gerais and some northern Sao Paulo locations
    • Rain
      also fell in Parana and a few eastern Paraguay locations
    • Amounts
      in each of these areas varied from 0.40 to 1.35 inches with local totals to more than 2.00 inches
      • As
        much as 3.74 inches of rain fell in eastern Minas Gerais
      • Net
        drying occurred elsewhere in the nation with Bahia, northern Minas Gerais, Rio Grande do Sul, Santa Catarina and southern Paraguay reporting little to no rain along with parts of Mato Grosso do Sul
    • Highest
      temperatures during the weekend were in the 80s and lower 90s Fahrenheit except in Mato Grosso, Tocantins, northern Minas Gerais and western Bahia where upper 90s to readings near 100 were noted
  • Brazil’s
    weather is not expected to change greatly, although rain and thunderstorms will reach most crop areas at one time or another during the next two weeks
    • Resulting
      rainfall is expected to be erratic and some areas will not get enough rain to counter evaporation while others will be plenty wet
      • Southern
        and parts of eastern Mato Grosso may not receive much rain in this first week of the outlook with 0.40 to 1.50 inches resulting
        • Bahia,
          eastern Piaui, Pernambuco and northeastern Minas Gerais will not receive enough rain to counter evaporation
        • Most
          other areas will receive 0.65 to 2.50 inches of rain through Sunday with locally more
      • Week
        2 rainfall (Jan. 11-17) will scatter across a large part of Brazil with the week’s total moisture varying from 0.60 to 2.00 inches and locally more
        • Driest
          in Rio Grande do Sul, southern Paraguay and a few far northeastern Brazil locations
    • Temperatures
      will be seasonable with highs in the 80s and lower to a few middle 90s most days followed by lows in the 50s and 60s south and the 60s and lower 70s north
      • A
        few extreme highs near 100 will occur in the drier areas
  • Brazil’s
    bottom line should remain mostly favorable for its reproducing and filling soybean and corn crops. Sugarcane, citrus and coffee will also experience improving conditions as will cotton and rice. The environment will be good for production, but some of the
    dryness from earlier this year already hurt production and some of that loss cannot be made up by improved weather in January.
  • U.S.
    weather during the holiday weekend was abundantly moist across the Midwest, Delta and southeastern states
    • Moisture
      totals from rain, snow, freezing rain and sleet varied from 0.20 to 0.85 inch with many amounts of 1.00 to 1.30 inches in the Midwest and 1.00 to 2.00 inches in the Delta
    • Rain
      totals in the southeastern states ranged from 0.80 to 2.00 inches with local totals of 2.00 to 3.58 inches from eastern Georgia to eastern North Carolina while varying from 2.00 to 4.50 inches in southern Georgia and northern Florida
      • A
        few reports of tornadoes were received in the southeastern states
    • Snow
      accumulations of 3 to 6 inches occurred from parts of Texas through central Oklahoma and eastern Kansas to central and northern Illinois, northern India and Michigan
      • Local
        snow totals reached 14 inches at Big Springs, Texas while up to 8 inches occurred in central Oklahoma, central Illinois and northeastern Indiana
    • Heavy
      snow also fell in northern New England with upwards to 13 inches
    • Very
      little precipitation occurred in the northern or west-central high Plains, the southwestern states or Great Basin while the Pacific Northwest reported abundant rain and mountain snow in western Washington and western Oregon
    • Temperatures
      in the central and eastern U.S. were trending warmer again during the holiday weekend after briefly cooling down following the snow and rain event late last week
  • U.S.
    weather is expected to include a series of weather systems that will move through the Midwest, Delta and Atlantic Coast states the next two weeks
    • Moisture
      totals in the coming ten days in the southern Plains, Delta and southeastern states will vary from 0.50 to 1.50 inches and a few greater amounts
    • Central
      Midwest precipitation amounts will vary from 0.10 to 0.65 inch with lighter amounts in the north and greater amounts in the far west
    • Moisture
      totals in the northern and central Plains will vary from 0.15 to 0.35 inch
    • Frequent
      precipitation in the Pacific Northwest will maintain wet conditions along the coast from northern California to western Washington as well as in the northern Rocky Mountains
      • Some
        beneficial moisture will also impact the Colombia and Snake River Basins
    • Dry
      conditions will prevail in the southwestern states
    • U.S.
      hard red winter wheat areas will not get abundant precipitation, but a few brief bouts of very light precipitation will occur; the high Plains region will continue driest
  • U.S.
    temperatures this week will be warmer than usual in the north-central through northeastern states and more seasonable elsewhere in the nation.  Cooling is expected next week in portions of the west and northern states
  • Waves
    of rain and mountain snow will fall across the Sierra Nevada with periods of rain in northern California over the next two weeks
    • The
      precipitation will help improve soil moisture and mountain snowpack for better crop use in the spring
    • Snowpack
      in the Sierra Nevada is well below average running close to the record low of 2014, but that will soon change
  • China
    weather over the past few days was non-threatening, although quite cold in the northeast; precipitation was minimal
  • Australia
    reported significant rain in summer crop and some livestock areas of New South Wales during the extra-long holiday weekend
    • Rainfall
      of 1.00 to 2.16 inches occurred in north-central New South Wales  while 0.20 to 0.84 inch occurred in other parts of the state
    • Queensland
      was more limited with amounts mostly under 0.50 inch and some grain and cotton areas staying completely dry
      • A
        spot or two in southern Queensland received up to 1.07 inches of rain
      • Rain
        was abundant in the Cape York Peninsula and the upper Pacific Coast benefiting sugarcane
        • Local
          rain totals reached 9.37 inches near Townsville, Queensland
    • Most
      summer crop temperatures were seasonable
  • Australia
    weather this week will generate a few showers and thunderstorms especially in the early to middle part of this week
    • Rainfall
      will vary from 0.65 to 1.50 inches with a few amounts to 3.00 inches in grain and cotton areas
    • Heavier
      rain is expected along the upper coast especially near the Townsville area where flooding may result from rain totals that could reach above 10.00 inches by Thursday and more of the same could occur into the weekend
      • Flooding
        of some sugarcane and mining areas is possible
    • The
      weekend and early part of next week will trend drier and warmer with some hot temperatures away from the east coast
  • Rain
    in northern India this week will bolster topsoil moisture for improved winter wheat and other crop conditions
    • Moisture
      totals will vary from 0.30 to 1.00 inch with a few totals to 1.25 inches
      • Greater
        amounts may occur from eastern Uttaranchal to southwestern Jammu and Kashmir where multiple inches may result
    • Showers
      will also occur periodically in southern India slowing harvest progress in rice, sugarcane, cotton and some groundnut  areas
  • India’s
    wetter bias in the south may last through much of next week while a few more showers may pop up in central parts of the nation briefly Friday through Sunday
  • India
    weather during the weekend already brought some rain from northern areas from eastern Rajasthan and northern Uttar Pradesh through Haryana and Punjab to Jammu and Kashmir benefiting winter crops
    • Some
      rain also fell in the far south of India
    • Additional
      frost and a few freezes occurred in northern India Thursday morning, but no permanent harm came to any winter crops
  • South
    Africa received rain in central production areas during the holiday weekend
    • Rain
      totals varied from 1.00 to 2.13 inches in southern and western Natal, eastern Free State and central North West
      • A
        few areas of greater rain were noted
      • Most
        other areas did not receive enough rain to counter evaporation and net drying resulted especially in the east
    • Highest
      afternoon temperatures were in the 80s and lower 90s Fahrenheit in key summer crop areas
  • South
    Africa temperatures in this coming week will be near average and rainfall will be near to above average with most all summer crop areas impacted
    • Moisture
      totals will vary from 0.75 to 2.50 inches this week with a few local amounts as great as 4.00 inches
    • Additional
      showers and thunderstorms will occur next week keeping most summer crop areas favorably moist and poised to produce well
  • Southeast
    Asia rainfall during the New Year’s holiday was widespread in central and southern Philippines with some flooding rainfall suspected
    • Mainland
      areas of Southeast Asia reported very little rain
    • Heavy
      rain and flooding occurred from Singapore into eastern Peninsular Malaysia where 7.00 to more than 12.00 inches resulted in some flooding
      • Flooding
        rain may have also occurred in central Sulawesi
    • Rain
      will continue to fall frequently in Philippines, Indonesia and Malaysia during the next two weeks; additional flooding will be possible
  • Western
    Russia and Ukraine were plenty moist during the weekend with additional waves of rain and snow noted
    • Moisture
      totals varied from 0.05 to 0.40 inch with a few totals to 1.00 inch in Belarus and to 0.75 inch in western Russia
    • Snow
      depths increased in western Russia
    • Mostly
      dry conditions occurred in Russia’s Southern Region, lower Volga River Basin and Kazakhstan
    • No
      threatening cold occurred in winter crop areas in the western CIS, although bitter cold was common in the eastern New Lands where extreme lows fell to -42 Celsius
  • Europe
    will remain plenty moist over the next two weeks with frequent waves of rain and mountain snow anticipated
    • The
      Mediterranean countries will be wettest with frequent bouts of rain and mountain snow expected
    • France
      and the U.K. will receive the lightest and least frequent precipitation, but they are plenty moist today
    • Some
      precipitation will continue from Germany into Belarus and western Ukraine maintaining favorable soil moisture for use in the spring
    • Temperatures
      will be mild to cool in the west and warm in the east
  • Much
    needed rain will fall in Morocco and some Algeria locations this week easing long term dryness in some areas
    • Southwestern
      Morocco has been driest and has the greatest need for rain
      • This
        event will bring some relief to the region, but follow up rain will still be needed
    • Northwestern
      Algeria is also drier than usual and will benefit from any rain that evolves
  • West
    Africa rainfall will remain mostly confined to coastal areas while temperatures in the interior coffee, cocoa, sugarcane, rice and cotton areas are in a seasonable range for the next ten days
  • East-central
    Africa rainfall will continue limited in Ethiopia as it should be at this time of year while frequent showers and thunderstorms impact Tanzania, Kenya and Uganda over the next ten days
  • Southern
    Oscillation Index remains very strong during the weekend and was at +17.98 today which is the highest this index has been in the current La Nina episode
  • Mexico
    and Central America weather will continue to generate erratic rainfall
    • Far
      southern Mexico and portions of Central America will be most impacted by periodic moisture
  • Canada
    Prairies will remain unseasonably warm this week, but will trend colder during the weekend and next week
  • Southeast
    Canada will receive less than usual precipitation this week and temperatures will continue a little warmer than usual

Source:
World Weather Inc. and FI

 

USDA
inspections versus Reuters trade range                                            

Wheat      
324,983     versus  300000-500000           range

Corn         
912,802     versus  750000-1300000         range

Soybeans  
1,305,786  versus  1000000-2000000       range

 

 

 

GRAINS
INSPECTED AND/OR WEIGHED FOR EXPORT

                 
REPORTED IN WEEK ENDING DEC 31, 2020

                           
— METRIC TONS —

                                                  
CURRENT     PREVIOUS 

             ———–
WEEK ENDING ———-  MARKET YEAR  MARKET YEAR

 
GRAIN      12/31/2020  12/24/2020  01/02/2020    TO DATE     TO DATE  

BARLEY         
    0       3,193           0       20,944       16,760 

CORN         
912,802   1,255,341     550,930   14,908,437    8,603,108 

FLAXSEED           
0          24           0          461          396 

MIXED              
0           0           0            0            0 

OATS               
0           0           0        2,393        2,295 

RYE                
0           0           0            0            0 

SORGHUM       
82,687     257,467      67,460    2,271,696      937,434 

SOYBEANS 
  1,305,786   2,201,907   1,039,675   38,542,542   21,820,516 

SUNFLOWER          
0           0           0            0            0 

WHEAT        
324,983     406,975     420,653   14,859,935   14,907,290 

Total      
2,626,258   4,124,907   2,078,718   70,606,408   46,287,799 

CROP
MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND

FLAXSEED; 
SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.

INCLUDES
WATERWAY SHIPMENTS TO CANADA.

 

Brazil
selected commodities exports:

Commodity                     
December 2020      December 2019

CRUDE
OIL (TNS)                5,442,921             8,539,668

IRON
ORE (TNS)                 33,165,506            24,990,225

SOYBEANS
(TNS)                 274,082               3,269,636

CORN
(TNS)                     5,006,035             4,164,806

GREEN
COFFEE(TNS)              254,552               189,831

SUGAR
(TNS)                    2,983,359             1,437,471

BEEF
(TNS)                     142,524               148,767

POULTRY
(TNS)                  350,857               364,658

PULP
(TNS)                     1,276,018             1,205,654

 

CFTC
Commitment of Traders

 

 

 

 

 

 

SUPPLEMENTAL     
Non-Comm               Indexes                  Comm

                  
     Net        Chg        Net        Chg        Net        Chg

Corn              
377,636     79,749    402,096      2,546   -754,343    -77,584

Soybeans          
174,943     -3,300    173,087     -6,571   -343,790     15,003

Soyoil             
89,072     11,494    125,015      1,624   -233,322    -10,308

CBOT
wheat         -10,218     11,322    131,921     -1,239   -106,329     -9,365

KCBT
wheat          33,865      3,068     70,347        -60   -104,909     -4,111

=================================================================================

 

FUTURES
+ OPTS     Managed                 Swaps              Producer

                       
Net        Chg        Net        Chg        Net        Chg

Corn              
332,045     66,330    239,790     -4,101   -714,432    -72,932

Soybeans          
196,487      7,864     92,865     -7,836   -336,247     15,728

Soymeal            
89,487      6,102     69,726      2,372   -208,306     -5,256

Soyoil            
112,989     11,736     88,376        -80   -242,531     -9,265

CBOT
wheat          13,360      7,126     78,289     -2,876    -93,233     -7,592

KCBT
wheat          55,560      4,016     40,824     -3,270    -98,716       -574

MGEX
wheat           3,933      1,513      3,247        514    -15,505     -3,168

                
———- ———- ———- ———- ———- ———-

Total
wheat         72,853     12,655    122,360     -5,632   -207,454    -11,334

 

Live
cattle         49,001      1,303     66,972       -748   -127,904      1,471

Feeder
cattle        3,726        368      7,637        -29     -3,718        497

Lean
hogs           33,770        916     50,256      1,142    -79,293     -2,532

 

 

Macros

US
Markit Manufacturing PMI Dec F: 57.1 (est 56.3; prev 56.5)

US
Construction pending (M/M) Nov: 0.9% (est 1.0%; prev 1.3%)

 

Fed’s
Evans: US Economy Should Prepare For Period Of Very Low Interest Rates, Expansion Of Central Bank’s B/Sheet


Sees Coronavirus Crisis Brought Under Control ‘As Year Progresses’


Downward Bias To Infl. Expectations From Proximity To ZLB Is ‘Serious Problem’


Will Likely Take Years To Get Inflation Up To 2% On Avg; Policy To Be Accommodative ‘For A Long Time’


Rates Seen Low For Long Period, Fed Likely To Continue Asset Purchases For A While As Well


Should Not Rush To Raise Rates Unless Inflation Threatens To Be Uncomfortably High


Policy Should Not Put Benefits Of Strong Labour Mkt At Risk If Inflation Is Quiescent

 

Corn.

 

 

US
monthly EIA ethanol production came in slightly better than expected.  We remain at 5.150 billion bushels of corn use, 50 above USDA. 

 

 

Corn
Export Developments

  • Qatar
    seeks 100,000 tons of bulk barley on January 12.
  • Qatar
    seeks 640,000 cartons of corn oil on January 12.

 

Updated
12/29/20

March
corn is
seen
trading in a $4.35 and $5.00 range

 

Soybean
complex
.
 

  • CBOT
    soybeans ripped higher Sunday night on concerns over Argentina transportation disruptions and ongoing South America dry weather conditions (hit a July 2014 high) but collapsed on fund and producer selling.  They ended higher despite soybean meal ending lower
    in the front four months led by expiring January contract.  Soybean oil followed the same path as soybean meal.  As a result, we saw a wide range in the March crush of 81.75-104.00, ending around 82.75. 
  • Soybeans
    could slightly gain on corn tonight after the COT report showed a less than expected long position in soybeans and extremely long traditional fund position in corn. 
  • Funds
    were net buyers of 5,000 soybean contracts, sellers of 5,000 soymeal contracts, and sellers of 2,000 soybean oil contracts on the session. 
  • Eastern
    Argentina missed out on rains over the weekend with precipitation limited to the western areas.  Southern and western Buenos Aires and La Pampa will see a few rain events today and continue into San Luis, Cordoba and Santiago del Estero thereafter.  Argentina
    weather this week will include scattered showers and thunderstorms.  Brazil saw scattered showers over the long holiday weekend.  Brazil will see rain on and off over the next two weeks. Some areas will not receive adequate rainfall including the southern
    and eastern Mato Grosso, Bahia, eastern Piaui, Pernambuco and northeastern Minas Gerais.
  • USDA
    NASS US crush showed a slightly less than expected crush rate for the month of November.  Table is below.  We do not see much of a market impact. 
  • USDA
    US soybean export inspections as of December 31, 2020 were 1,305,786 tons, within a range of trade expectations, below 2,201,907 tons previous week and compares to 1,039,675 tons year ago. Major countries included Mexico for 98,451 tons, Spain for 72,544 tons,
    and Egypt for 57,158 tons.
  • Looking
    ahead, USDA will release its December 1 grain stocks report and crop annual on January 12.  Based on the latest NASS data, we need a day to adjust our December 1 grain stocks estimates. 
  • Earlier
    nearby rolling soybean meal reached its highest level since September 2014 and nearby rolling soybean oil traded at a March 2014 high. 
  • Last
    we heard as of late last week IL SBO basis was 150 over, East 175 over, West 100 over and Gulf 750 over, all unchanged from the previous week.  Brazilian basis levels were nominally 815 over, fob.
  • Reuters:
    Renewable fuel (D6) credits traded at 79.5 cents each on Monday, the highest since December 2017. Biomass-based (D4) credits traded at $1.04 each, highest since November 2017.
  • The
    European Union reported soybean import licenses since July 1 at 7.385 million tons, below 6.906 million tons a year ago. European Union soybean meal import licenses are running at 9.085 million tons so far for 2020-21, below 9.741 million tons a year ago.
    EU palm oil import licenses are running at 3.016 million tons for 2020-21, above 2.746 million tons a year ago, or up 10 percent.
  • European
    Union rapeseed import licenses since July 1 were 3.534 million tons, down 6 percent from 3.776 million tons from the same period a year ago.

 

 

U.S.
production of biodiesel was 160 million gallons in October 2020, 1 million gallons higher than production in September 2020. There was a total of 1,170 million pounds of feedstocks used to produce biodiesel in October 2020. Soybean oil remained the largest
biodiesel feedstock during October 2020 with 723 million pounds consumed.  We raised our 2020-21 US soybean oil for biodiesel production to 8.020 billion pounds from 8.000 billion, 80 million below USDA. 

 

 

Oilseeds
Export Developments

  • The
    USDA/CCC seeks 2,000 tons of vegetable oil, packaged in 4 liter cans, for export to Kenya on January 5 for February 1-28 shipment (Feb 16 to Mar 15 for plants located at ports).

 

 

Updated
12/29/20

March
$12.00 and $14.00 range

March
$400 and $470 range

March
is expected to trade in a 40.50 and 43.50 cent range

 

Wheat

 

 

Export
Developments.

  • Bangladesh’s
    lowest offer for 50,000 tons of wheat was $326.92 a ton CIF liner floated. 
  • Jordan
    will be back in for animal feed barley (120k) on January 5.  Possible shipment combinations are in 2021 for June 1-15, June 16-30, July 1-15 and July 16-31. 

 

Rice/Other

·        
None reported

 

Updated
1/4/20

March
Chicago wheat is seen in a $5.90‐$6.65 range

March
KC wheat is seen in a $5.70‐$6.20 range

March
MN wheat is seen in a $5.75‐$6.15 range

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International
One Lincoln Center
18 W 140 Butterfield Rd.

Oakbrook Terrace, Il. 60181

W: 312.604.1366

treilly@futures-int.com

ICE IM: 
treilly1

Skype: fi.treilly

 

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