by Terry Reilly | Feb 10, 2023
PDF attached Good morning. USD is up 9 points and US equities are lower. Nearby CBOT corn hit its lowest level in 3 weeks before rebounding to trade higher on strength in wheat and outside markets. WTI crude oil rallied after Russia announced they plan...
by Terry Reilly | Feb 9, 2023
PDF Attached The soybean meal market was the only major CBOT agriculture product that closed higher on Thursday. All other markets were under pressure from poor export sales, talk of improving weather, and lack of direction provided by USDA in their February...
by Terry Reilly | Feb 9, 2023
PDF attached Good morning. The USD was sharply lower by over 68 points earlier this morning, WTI down about 88 cents and US equities higher. USDA export sales were good for corn and lower end for the rest of the major commodities. CBOT corn turned...
by Terry Reilly | Feb 8, 2023
PDF Attached Data dump day with China CASDE, Conab Brazil supply, EIA weekly ethanol production/stocks, and USDA S&D update. Largest reaction in prices was tied to the USDA report. In general prices were volatile throughout the day but settled in the same...
by Terry Reilly | Feb 8, 2023
PDF Attached USDA released their February S&D report Reaction: Initially bearish but a buying opportunity for bull traders. USDA NASS briefing https://www.nass.usda.gov/Newsroom/Executive_Briefings/index.php USDA OCE Secretary’s...
