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Tidbits, SA Weather & Crops, ENSO, Export Inspections, Markets & Rain Days Update 1/4/23


Tidbits


Deliveries assigned for today by the CBOT are 654 soy oil to 28 December, 93 soybeans to 25 October, and zero bean meal to 9 December.


To learn about how and why deliveries affect commodity prices, go to:

www.wrightonthemarket.com/post/delivery-process-at-the-cbot

Most of the reasons for lower CBOT prices yesterday were from outside the ag business.

For the first time since February 1989, the number of US dollars in circulation decreased from the previous month. That news sent the dollar index screaming higher, diminishing US export prospects.

Purchasing Managers Index (PMI = how much businesses expect to buy next month compared to previous month) for the UK (45.3) was the lowest since May 2009 and much lower than expected. China’s PMI (47.0) was disappointing. PMI news sent crude oil smartly lower which added pressure to soybeans.

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