World Perspectives
soy-oilseeds

Oilseed Highlights: Week of Mixed Inputs

The Market On the one hand, soyoil rallied this week due to rising crude oil prices, and despite weakness in palm oil. The May soyoil contract added almost a penny or 1.9 percent. Soyoil has managed advances in five of the past six trading sessions. By contrast, this was a week in which soymeal took hits. The May contract ended the week down $6.60 or 1.9 percent. May soybeans lost 6.5 cents or 0.54 percent.  Weighing down the market is Brazil, with around 80 percent of its soybeans harvested and exports in March at 12.6 MMT. The U.S. export picture is mixed. On the one hand, USDA export inspections were bearish, and 1 March soybean stocks were the highest in many years. But Census tabulated soybean and soymeal exports looked good,...

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feed-grains soy-oilseeds wheat

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Jul 24 Corn closed at $4.4925/bushel, down $0.0075 from yesterday's close.  Jul 24 Wheat closed at $6.085/bushel, down $0.1375 from yesterday's close.  Jul 24 Soybeans closed at $11.82/bushel, up $0.0475 from yesterday's close.  Jul 24 Soymeal closed at $354.3/short ton, up $9.6...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn Argentina’s corn harvest only advanced by 2 percentage points last week as the rains show no mercy, making it difficult for farmers to enter the fields. Moreover, the focus of those who can enter fields remains on soybeans, which are typically harvested as soon as possible and take p...

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European Market Analysis

Regional News  ProZerno forecasts Russia’s 2024 total grain production will hit 135-136 MMT, down from 144.9 MMT in 2023. Wheat production is forecast to fall from 92.8 to 88 MMT this year, with barley production down from 21.1 to 18 MMT. Russia’s corn production should fall fr...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.4925/bushel, down $0.0075 from yesterday's close.  Jul 24 Wheat closed at $6.085/bushel, down $0.1375 from yesterday's close.  Jul 24 Soybeans closed at $11.82/bushel, up $0.0475 from yesterday's close.  Jul 24 Soymeal closed at $354.3/short ton, up $9.6...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn Argentina’s corn harvest only advanced by 2 percentage points last week as the rains show no mercy, making it difficult for farmers to enter the fields. Moreover, the focus of those who can enter fields remains on soybeans, which are typically harvested as soon as possible and take p...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  ProZerno forecasts Russia’s 2024 total grain production will hit 135-136 MMT, down from 144.9 MMT in 2023. Wheat production is forecast to fall from 92.8 to 88 MMT this year, with barley production down from 21.1 to 18 MMT. Russia’s corn production should fall fr...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Worries Nearing a Ceiling

Large supplies and a strong dollar took their toll this week on corn and soybeans, but they still managed to outperform. Weather worries pushed wheat higher for a seventh straight session, and pork finally took a fall.  There was high volume trading in corn today but without any strong fee...

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