FI Evening Grain Comments 05/12/22

FI Evening Grain Comments 05/12/22

PDF Attached     USDA released their May supply and demand estimates Reaction: Neutral soybeans, bullish corn and bullish wheat   USDA NASS briefing https://www.nass.usda.gov/Newsroom/Executive_Briefings/2022/03-31-2022.pdf USDA OCE Secretary’s...
FI Grain Market Snapshot 05/12/22

FI Grain Market Snapshot 05/12/22

PDF Attached   USDA released their May supply and demand estimates   Reaction: Neutral soybeans, bullish corn and bullish wheat   USDA NASS briefing https://www.nass.usda.gov/Newsroom/Executive_Briefings/2022/03-31-2022.pdf USDA OCE Secretary’s...
FI report snapshot and full USDA reports

FI report snapshot and full USDA reports

PDF’s attached   Largest surprise was the much lower than expected US winter wheat production followed by a Ukraine 21.5-million-ton Ukraine wheat crop (down 11.5 MMT from 2021-22).   Glancing at the global and US soybean numbers, we didn’t see...
FI Morning Grain Comments 05/12/22

FI Morning Grain Comments 05/12/22

PDF attached   Good morning.   USDA 24-hour: Private exporters reported sales of 612,000 metric tons of corn for delivery to China.  Of the total, 68,000 metric tons is for delivery during the 2021/2022 marketing year and 544,000 metric tons is for...
FI Weekly USDA Export Sales Snapshot 05/12/22

FI Weekly USDA Export Sales Snapshot 05/12/22

PDF attached   USDA Export Sales USDA export sales were poor all around. Soybean, corn, wheat, cotton and beef sales were all a marketing year low. China was largely absent for most commodities. There were several switches of destinations and small decreases...