by Terry Reilly | May 8, 2023
PDF Attached Calls: (planting progress, polls for USDA and weather are drivers) Soybeans unchanged to 3 lower Corn unchanged to 2 lower Wheat down 2-4 (predicated on good rain for US WW areas) Quiet session with selected countries on holiday....
by Terry Reilly | May 8, 2023
PDF attached Inspections for corn fell short of expectations. China slipped to number 3 for top US corn export destination. Soybeans are starting to slow, and wheat came in lower end of a range of expectations. ...
by Terry Reilly | May 5, 2023
PDF Attached WTI crude was up $2.76, USD 12 points lower and US equities sharply higher. US jobs reported was supportive. CBOT agriculture markets ended mostly higher (back month meal was lower) on follow through short covering. Product spreading limited grain...
by Terry Reilly | May 5, 2023
PDF attached Money mangers and traditional funds sold a much larger amount of corn than the trade expected. Funds missed the net short position by 58,200 contracts. The money manager position was also well off. Funds sold more than expected soybeans...
by Terry Reilly | May 3, 2023
PDF Attached FOMC Hikes By 25Bps; Target Range Stands At 5.00% – 5.25% – Interest Rate On Reserves Balances Raised By 25Bps To 5.15% WTI crude oil was down sharply again, back below $70/barrel. The USD was off more than 56 points...
