by Terry Reilly | Nov 10, 2021
PDF Attached US inflation hit a 30-year high in October. Higher trade in nearly all US agriculture markets led by wheat on fears the world’s top exporter, Russia, will claw back on grain exports. USDA announced 22,000 tons of soybean oil sold to...
by Terry Reilly | Nov 10, 2021
PDF attached US weekly ethanol dropped by 68,000 barrels per day to 1.039 million, lowest in a month, and steepest drop since 2/19/21. This was unexpected as the trade looked for a 10,000 barrel decrease. Midwest PADD2 production fell 69,000...
by Terry Reilly | Nov 10, 2021
PDF attached Good morning Mixed trade this morning. USD is up 37 points and WTI crude reversing to trade 8 cents higher. US equities are pointing towards a lower open. Soybean oil is higher tracking palm oil (good early Nov palm...
by Terry Reilly | Nov 9, 2021
PDF Attached Wide trade in the agriculture markets after USDA released their November S&D updates. January soybeans traded in a 59.50 cent range, December corn in a 16.25 range and December Chicago wheat in an 18.75 cent range. Post report...
by Terry Reilly | Nov 9, 2021
PDF attached USDA released their November S&D and crop production reports Reaction: Bullish out of the gate. We think traders oversold the market over the last week in anticipation for higher corn and soybean yields that likely...
