by Admin | Jul 2, 2020 | Uncategorized
-Soybean old crop sales lower than expected, new crop sales slightly above expectations-Corn sales lower than expected-Wheat sales as expected-SBM sales as expected/SBO sales minimal Old crop soybean sales, for the week ended 6/25/20, were 242k tonnes (8.9 million...
by Admin | Jul 2, 2020 | Uncategorized
-May soybean crush slightly lower than expected, but still easily record high-May soybean oil stocks higher than expected-May corn for ethanol usage recovers modestly from April, but supports need for notable downward USDA demand revision USDA reported U.S. soybean...
by Admin | Jul 2, 2020 | Uncategorized
Date TimeEventPeriodSurveyPrior7/2/2020 8:30Net Export Sales Corn-Total25-Jun–538.67/2/2020 8:30Net Export Sales Corn-Old Crop25-Jun–461.77/2/2020 8:30Net Export Sales Soybeans-Total25-Jun–1162.67/2/2020 8:30Net Export Sales...
by Admin | Jul 2, 2020 | Uncategorized
Today’s U.S. unemployment data could be erraticUnemployment claims expected to fall but remain extraordinarily highU.S. trade deficit expected to widenFOMC minutes downplay chances of yield curve caps Today’s U.S. unemployment data could be...
by Admin | Jul 2, 2020 | Uncategorized
US 0830 ET Jun non-farm payrolls expected +3.048 million, May +2.509 million. Jun private payrolls expected +3.000 million, May +3.094 million. Jun manufacturing payrolls expected +438,000, May +225,000. Jun unemployment rate expected -0.8 to 12.5%, May -1.4 to...
by Admin | Jul 1, 2020 | Uncategorized
The USDA’s end of June reports have history in providing notable surprises for the grain markets and today’s certainly did not disappoint. The shocking “loss†of acres from the USDA March...
by Admin | Jul 1, 2020 | Uncategorized
Date TimeEventPeriodSurveyPrior7/1/2020 10:30DOE U.S. Crude Oil Inventories26-Jun-500k1442k7/1/2020 10:30DOE Cushing OK Crude Inventory26-Jun—991k7/1/2020 10:30DOE U.S. Gasoline Inventories26-Jun-1500k-1673k7/1/2020 10:30DOE U.S. Distillate...
by Admin | Jul 1, 2020 | Uncategorized
FOMC minutes expected to confirm Fed’s generally pessimistic economic outlookU.S. ISM manufacturing index expected to rebound higher but needs to be taken with a grain of saltU.S. ADP employment expected to reverse May’s decline FOMC minutes expected to...
by Admin | Jul 1, 2020 | Uncategorized
US 0700 ET Weekly MBA mortgage applications.0730 ET Jun Challenger job cuts, May +577.8%.0815 ET Jun ADP employment change expected +2.85 million, May -2.76 million.0945 ET Final-Jun Jun Markit manufacturing PMI expected unrevised at 49.6, early-Jun +9.8 to 49.6.1000...
by Admin | Jun 30, 2020 | Uncategorized
-USDA reports today at 11:00 AM CT – trade estimate summary included-Corn/soybean conditions improved, spring wheat declines again-Oilseed Crushings report tomorrow-First notice day July deliveries mostly as expected-Ridging in extended forecasts of increasing...
