by Terry Reilly | Feb 2, 2023
PDF Attached Volatile trade in US agriculture markets, in part to lack of direction, ongoing Argentina weather concerns, and a rebound in the USD. Soybean complex ended higher, corn lower, Chicago wheat higher, and high protein wheat lower. Many outside...
by Terry Reilly | Feb 2, 2023
PDF attached Good morning. Ongoing Argentina weather concerns combined with a steep decline in the USD on Wednesday by 94 points are propping up the soybean complex and grain markets. Fundamentals have not changed for ags. This morning the USD was up 84...
by Terry Reilly | Feb 2, 2023
PDF attached Soybean sales were near the low end of trade expectations while corn came in above a trade range. The corn sales included 432,100 tons for unknown and 319,500 tons for China (136,000 switched from unknown). The Soybean sales included China...
by Terry Reilly | Feb 1, 2023
PDF Attached FOMC Hikes By 25Bps; Target Range Stands At 4.50% – 4.75% – Interest Rate On Reserves Balances Raised By 25Bps To 4.65% US equities rebounded post US Fed announcement. The USD was down 95 points by later afternoon and WTI was off...
by Terry Reilly | Feb 1, 2023
PDF attached US weekly ethanol production data was supportive, in our opinion. Stocks declined a large 635,000 barrels from the previous week to 24.442 million and production rose 16,000 barrels, despite talk of declining processor margins. For reference, a...
