by Terry Reilly | Jun 15, 2023
PDF attached Good morning. USD was down 49 points and WTI higher by 102 cents. A drier US forecast is supporting prices this morning. CPC has a grim outlook for summer North American weather (see weather headlines). After the release of the US weekly...
by Terry Reilly | Jun 14, 2023
PDF Attached Fed leaves rates steady, sees two small hikes by end of 2023 – Reuters News Fed leaves policy rate in 5.00%-5.25% range Another choppy trade as traders mull over supply concerns and sharply lower USD after US PPI data eased economic...
by Terry Reilly | Jun 14, 2023
PDF attached Weekly US ethanol production was down 18,000 barrels to 1.018 million and stocks fell a large 722,000 barrels to 22.226 million. For comparison, a Bloomberg poll looked for weekly US ethanol production to be up 7,000 thousand barrels and stocks up...
by Terry Reilly | Jun 14, 2023
PDF attached Good morning. USD was down 35 points and WTI higher by 75 cents. Corn futures are lower from a slight correction in CBOT agriculture markets. US weather outlook hasn’t changed that much. Look for some rain to increase...
by Terry Reilly | Jun 13, 2023
PDF Attached Fund estimates NA North American supply concerns, brighter outlook on US inflation, Black Sea grain deal update and EPA news drove CBOT ags higher. Midday weather outlook 6-10 for US was drier for the west central Midwest and wetter for a...
