FI Evening Grain Comments 01/19/23

FI Evening Grain Comments 01/19/23

PDF Attached   USDA announced private exporters reported sales of 195,000 tons of corn for delivery to Mexico during the 2022/2023 marketing year. The soybean complex ended lower on rain prospects for Argentina (despite a downgrade in crop conditions by the BA...
FI Evening Grain Comments 01/18/23

FI Evening Grain Comments 01/18/23

PDF Attached   CME Incentive Program for Commercials Using Blocks Starting Feb 1, a fee incentive program for commercial participants will go live.  The program will make block outright fees equal to Globex member fees until July 31st.  Clients will...
FI Morning Grain Comments 01/18/23

FI Morning Grain Comments 01/18/23

PDF attached.   Good morning.   WTI crude oil was up about $1.47, USD 50 points lower and US equities higher. Talk of potential record world oil demand for 2023 was supporting WTI crude oil. Corn and soybeans turned lower after soybean meal prices broke....
FI Evening Grain Comments 01/17/23

FI Evening Grain Comments 01/17/23

PDF Attached   Private exporters reported the following sales activity: -150,000 metric tons of corn for delivery to Colombia during the 2022/2023 marketing year; and -119,000 metric tons of soybeans for delivery to unknown destinations during the 2022/2023...
NOPA crush 5.4 million bu below expectations

NOPA crush 5.4 million bu below expectations

PDF attached   The cold snap during the third week of December across the US likely impacted crushing rates last month. At 177.5 million bushels, the crush came in below most trade guesses. Soybean oil stocks of 1.791 billion pounds were 66 million above an...