by Terry Reilly | Jul 6, 2021
File(s) attached Good morning. Calls: Soybeans 12-20 lower Soybean meal $3-5 lower Soybean oil 50-100 lower (could be supported post open amid large drop in registrations) Corn 6-11 lower Wheat 12-20 lower bias MN to downside Calls are predicated...
by Terry Reilly | Jul 4, 2021
PDF attached Commitment of Traders Funds sold more than expected soybeans and corn for the week ending 6/29. Funds were also less long than expected in soybean oil before the late rally seen last week. ...
by Terry Reilly | Jul 2, 2021
PDF attached Good morning. I will be out of the office for most of the day, returning Tuesday. No major surprises were seen in USDA’s monthly crush update other than high soybean meal stocks (tables attached). Higher trade this morning...
by Terry Reilly | Jul 1, 2021
PDF Attached Early trade was continuation from the bullish USDA Stocks and Acreage Report, then near European close profit taking took hold. Midday weather model runs saw needed moisture in the Northern Plains. The reflation trade was talk in...
by Terry Reilly | Jul 1, 2021
PDF attached Good morning. Higher trade in CBOT soybeans and corn this morning on follow through buying post bullish USDA Acreage report. Soybeans attempted to grind lower overnight but rebounded from a surge in corn prices and nearly 190 point...
