by Terry Reilly | Mar 8, 2023
PDF Attached USDA released their March S&D report Reaction: Initially supportive for the soybean complex and neutral for grains. Look for traders to shift focus on US March planting intentions and March 1 grain stocks. USDA NASS briefing...
by Terry Reilly | Mar 8, 2023
Attached USDA took US soybean exports up 25, crush down 10, and lowered product production accordingly. US corn exports were lowered 75 million bushels, more than expected. US wheat balance was unchanged. US soybean stocks 210 vs. 225 last month...
by Terry Reilly | Mar 8, 2023
PDF attached The US weekly EIA ethanol data was viewed slightly negative for US corn futures. Weekly US ethanol production increased 7,000 barrels per day to 1.010 million barrels. Traders were looking for a 9,000 increase. Stocks were up 545,000 barrels to...
by Terry Reilly | Mar 8, 2023
PDF attached Good morning. USDA report day. US equities are higher this morning after selling off hard Tuesday after the Fed indicated US rates could go higher. The USD is higher and WTI crude oil lower. There were several ag import tenders overnight,...
by Terry Reilly | Mar 7, 2023
PDF Attached Wednesday is USDA report day. A preview sheet is attached. Soybean meal fell in the nearby positions for the first time in five sessions. IL soybean meal basis eased $8/short ton from Monday. There were no 24-hour USDA sales this morning. Soybeans...
