FI Morning Grain Comments 05/06/22

FI Morning Grain Comments 05/06/22

PDF attached   Good morning.   The soybean complex and corn are lower from end of week positioning. Palm oil fell another 5 percent overnight and that is weighing on soybean oil. Wheat is higher on follow through global production concerns and a lower USD....
FI Evening Grain Comments 05/05/22

FI Evening Grain Comments 05/05/22

PDF Attached   With exception of soybean oil, US agriculture markets traded higher. The USD rallied more than 100 points. The US will gradually warm up during the balance of the week, including the southern Great Plains where net drying will occur, further...
FI Morning Grain Comments 05/05/22

FI Morning Grain Comments 05/05/22

PDF attached   Good morning.   With exception of soybean oil, we are seeing higher agriculture markets this morning on follow through buying and higher WTI crude oil. The USD rallied this morning after setting back on Wednesday post FED increase of the...
FI Weekly USDA Export Sales Snapshot 05/05/22

FI Weekly USDA Export Sales Snapshot 05/05/22

PDF attached   USDA Export Sales Most within expectations. Old crop soybean sales were better than expected that included unknown destinations (316,700 MT), China (200,800 MT, including 66,000 MT switched from unknown destinations and decreases of 700 MT), and...
FI Evening Grain Comments 05/04/22

FI Evening Grain Comments 05/04/22

PDF Attached   Attached is out updated US soybean complex balances. US crush was slightly adjusted to reflect March NASS figure. We increased soybean oil exports by 200 million pounds to 1.800. March exports of soybean oil were 266 million pounds, well above our...