by Terry Reilly | May 25, 2023
PDF attached Good morning. USDA export sales were very good for soybean meal. Old crop corn and wheat showed net reductions. Old crop soybeans, soybean oil and new crop grains were within expectations. The USD was up 29 points earlier and WTI crude...
by Terry Reilly | May 24, 2023
PDF Attached Spot US corn basis remains very strong and that supported the spread today. Meanwhile traders are weighing in the possibility of a large US corn abandonment as some locations has reach their respected planting insurance dates this week. Soybean oil...
by Terry Reilly | May 24, 2023
PDF attached EIA reported US ethanol production decreased 4,000 barrels per day last week to 983,000 barrels. Stocks fell a large 1.150 million barrels to 22.041 million barrels. For comparison, a Bloomberg poll looked for production to be up 10,000 barrels and...
by Terry Reilly | May 24, 2023
PDF attached Good morning. UK inflation remains high, and they may increase rates again. Outside markets are lending support to soybean oil which is booting soybean price. Soybean meal was mixed earlier on lack of direction. News was very thin...
by Terry Reilly | May 23, 2023
PDF Attached Global import demand has picked up recently and that could have supported corn and wheat today along with short covering. Was also a weather trade today, IMO. Look for more chatter on that as we head into early summer growing season. WTI crude oil...
