The much-anticipated Grain Stocks report failed to match expectations in terms of supply data, but more than exceeded hopes for an exciting day of trade. The USDA’s headline report – the Grain Stocks as of 1 September – and the Small Grains summary report sent wheat and the so...
New: WPI has added softs (cocoa, coffee, cotton, and sugar) and selected energy futures (NYMEX natural gas, crude oil, RBOB gasoline, and Chicago ethanol) to this report. Consequently, the attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net...
Dec 23 Corn closed at $4.7675/bushel, down $0.1175 from yesterday's close. Dec 23 Wheat closed at $5.415/bushel, down $0.3725 from yesterday's close. Nov 23 Soybeans closed at $12.75/bushel, down $0.255 from yesterday's close. Dec 23 Soymeal closed at $381.2/short ton, down $1...
Ocean Freight Comments - 28 September 2023 By Jay O'Neil Commodity Consulting FFA paper traders managed to move dry-bulk futures markets slightly higher for the week, but physical markets were not ready to follow their lead. Physical markets were happy to remain steady and mostly unchanged for...
New: WPI has added softs (cocoa, coffee, cotton, and sugar) and selected energy futures (NYMEX natural gas, crude oil, RBOB gasoline, and Chicago ethanol) to this report. Consequently, the attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net...
Dec 23 Corn closed at $4.7675/bushel, down $0.1175 from yesterday's close. Dec 23 Wheat closed at $5.415/bushel, down $0.3725 from yesterday's close. Nov 23 Soybeans closed at $12.75/bushel, down $0.255 from yesterday's close. Dec 23 Soymeal closed at $381.2/short ton, down $1...
Ocean Freight Comments - 28 September 2023 By Jay O'Neil Commodity Consulting FFA paper traders managed to move dry-bulk futures markets slightly higher for the week, but physical markets were not ready to follow their lead. Physical markets were happy to remain steady and mostly unchanged for...
Another government shutdown is looming; WPI’s contacts on Capitol Hill and around Washington are all predicting a shutdown is more likely than not. The non-partisan Committee for a Federal Responsible Budget puts the chances of a shutdown at 90 percent due to lack of time – the fisc...
The Market It was another week of falling oilseed prices. November soybeans dropped 1.6 percent, December soymeal lost 1.1 percent and December soyoil fell hardest, shaving off 6.3 percent. The market can be a paradox. Brazil is dominating the export market and yet the U.S. has tight supplies a...
Another government shutdown is looming; WPI’s contacts on Capitol Hill and around Washington are all predicting a shutdown is more likely than not. The non-partisan Committee for a Federal Responsible Budget puts the chances of a shutdown at 90 percent due to lack of time – the fisc...
Editor's note: due to changes in the coding for the Shiny platform upon which this app is built, the tables of freight rates are temporarily unavailable. We expect to have the tables re-coded soon. Ocean Freight Comments - 28 September 2023 By Jay O'Neil Commodity Consulting: FFA paper traders...
Never understood the market phrase “friendly” – friendly to whom? Today’s market was not too unfriendly to anyone from the standpoint that up or down, there were no dramatic swings. Call it light volatility. Key points: The results were mixed with corn, soymeal, and liv...
USDA released its June quarterly Hogs and Pigs report today. Pre-report expectation was for a total inventory of 73.6 million head – which would have been the smallest September inventory since 2017 - but the actual inventory was 74.3 million, slightly higher than September 2022 and up 2...
Dec 23 Corn closed at $4.885/bushel, up $0.0525 from yesterday's close. Dec 23 Wheat closed at $5.7875/bushel, down $0.0075 from yesterday's close. Nov 23 Soybeans closed at $13.005/bushel, down $0.0275 from yesterday's close. Dec 23 Soymeal closed at $391.5/short ton, up $2.4...
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