Morning Thoughts – Apr 5
Grains – Overlooked by all the NASS data released on Monday, the EIA updated biodiesel production for January. As expected, biodiesel production dropped sharply in January following the expiration of the blending tax credit at CY 2016 end. Total soyoil inputs...Morning Thoughts – Apr 3
Grains – Just some short stream of consciousness this morning: Friday’s report numbers were obviously bearish. For soybeans, it is likely o/c residual use needs to be revised down a bit, but WASDE might not feel the need to do that yet. For their n/c balance...Morning Thoughts – Mar 29
Grains – A few quick thoughts on winter wheat area for Friday’s report. As shown in the breakdown below, there is a tendency for NASS to find a few more winter wheat acres for the March report than they originally estimate in Jan. The usual difference is not...