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Tidbits, Puts Education, Rain Days Update 1/15/23

Tax Time: Wright on the Market, 8472 State Route 161, Mechanicsburg, Ohio 43044; Tax ID number, aka employer ID number is: 85-3860442

Here is the link for the margin requirements for futures contracts. It can and does change frequently. Soybean margin for speculators was $3350 on Thursday; now it is $3960. If you trade futures, you will be glad if you save this link:



CONAB is Brazil’s USDA. On Friday, because Brazil's biodiesel blend would be increased 5% to B15, CONAB said bean carryover would be reduced from 220 mil bu (6 mil mts) to 206.5 mil bushels (5.62 mil mts), despite the 2023 crop being 955 mil bu (26 mil mts) larger than the 2022 crop.

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