by Terry Reilly | Jul 20, 2022
PDF attached CFTC Commitment of Traders The Commitment of Trades report showed funds reduced their net long position for soybeans instead of extending it, as expected. Funds were less long than expected for corn and soybean oil and added more contracts...
by Terry Reilly | Jul 20, 2022
PDF attached USDA released their June supply and demand estimates Reaction: Slightly bullish soybeans but the trade had that worked in. Bearish corn and neutral wheat. Bottom picking from longs looking to get back into the market lifted grains higher...
by Terry Reilly | Jul 20, 2022
3 PDF’s attached Tighter old crop US soybean stocks by 30 million bushels may have already been worked into the market. Old crop US corn stocks were a surprise with exports lowered 50 million bushels. World corn ending stocks are up 5.3 MMT. All wheat...
by Terry Reilly | Jul 20, 2022
PDF attached Good morning. USDA report day. Reuters and FI convenience tables attached. US inflation was reported slightly above expectations. The consumer price index increased 1.0% last month after gaining 0.3% in April, the Labor Department...
by Terry Reilly | Jul 20, 2022
PDF attached Good morning. USDA report is Friday. USDA export sales were released today, and they were good for wheat and soybeans, poor for products and corn. Private exporters reported sales of 143,000 metric tons of soybeans for delivery...
