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Feed Grains Recent Feed Grains Analysis

feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Collapses on Global Vegoil Weakness; Dakota Rains Again Pressure Grains

Weaker technical conditions, limit-down soyoil, and more rains for the Dakotas conspired to push the CBOT sharply lower on Friday. Thursday’s WASDE should have been supportive for corn, but overnight rains in the northern Plains gave bulls pains. Today concludes the index fund roll, which...

wheat soy-oilseeds feed-grains

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 21 Corn closed at $6.845/bushel, down $0.145 from yesterday's close.  Jul 21 Wheat closed at $6.8075/bushel, down $0.03 from yesterday's close.  Jul 21 Soybeans closed at $15.085/bushel, down $0.355 from yesterday's close.  Jul 21 Soymeal closed at $383.3/short ton, up $1.7 f...

feed-grains soy-oilseeds wheat

PM Post - Back and Forth

THE OPEN July beans:  10 lower July meal:  1.10 lower July soyoil:  230 pts lower  Julu corn:  9 lower July wheat:  7 1/2 lower The markets opened lower and continued to sell-off on weaker technical considerations, more rains across northern portions of the country...

feed-grains soy-oilseeds wheat

AM Outlook - Report Reverberates

GOOD MORNING, Prices started the night on a steady note but this morning will open lower.  Sharply lower soyoil futures are pressuring beans, and prices will begin on key support points.  The theme now seems to be liquidation for the day into the weekend, as the report is digested fro...

feed-grains soy-oilseeds wheat

Technical Views - Retracement

SPREADS August crush trades to 79c/bu while oilshare trades to 46.43%.  Today is the last day of the Goldman Roll as July futures wind down.  July/Nov bean inverse trades to 84 3/4c but finds some life, trading back up to 96c.  Jly/Dec meal widens out to new lows at $12.20 carry...

feed-grains

WASDE Corn

USDA’s outlook for 2021/22 U.S. corn is for a modest reduction in beginning stocks because of ethanol and export demand.  The forecast season-average farm price is unchanged at $5.70 per bushel. This month’s 2021/22 foreign coarse grain outlook is for greater production, margin...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Note – First week of the New Crop year: Hence, Net sales of 325,900 MT for the 2021/2022 marketing year, which began June 1, were primarily for South Korea (80,300 MT), the Philippines (60,200 MT, including decreases of 32,900 MT), unknown destinations (45,000 MT), Honduras (...

feed-grains soy-oilseeds wheat

Market Commentary: That Was Fun

The markets started the day bullishly for corn and soybeans but with losses in wheat. Post the USDA WASDE report things changed. Larger soybean stocks flipped that market red but not until after some curious delay. And there was notable bull spreading that split the contracts. Soybeans, meal, o...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 21 Corn closed at $6.99/bushel, up $0.0825 from yesterday's close.  Jul 21 Wheat closed at $6.8375/bushel, up $0.015 from yesterday's close.  Jul 21 Soybeans closed at $15.44/bushel, down $0.185 from yesterday's close.  Jul 21 Soymeal closed at $381.6/short ton, down $4.8 fro...

feed-grains soy-oilseeds wheat

PM Post - Bean Bulls Must Focus on Bottom Line

THE OPEN July beans:  7 higher July meal: .70 higher July soyoil;  37 higher July corm:   6 higher July wheat:  7 lower The markets opened as called with July corn once again in the lead to the upside with the nearby spread strengthening.  As the report time approa...

feed-grains soy-oilseeds wheat

AM Outlook - Weakness Gets Purchased

GOOD MORNING, Prices are mixed featuring higher soy and corn, lower wheat.   Could it be a foreshadowing of themes to come for the day?  The June WASDE will be released at 11:00 central time, and after we take a look at the numbers we will be back to watching the weather and prep...

feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Collapses on Global Vegoil Weakness; Dakota Rains Again Pressure Grains

Weaker technical conditions, limit-down soyoil, and more rains for the Dakotas conspired to push the CBOT sharply lower on Friday. Thursday’s WASDE should have been supportive for corn, but overnight rains in the northern Plains gave bulls pains. Today concludes the index fund roll, which...

wheat soy-oilseeds feed-grains

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 21 Corn closed at $6.845/bushel, down $0.145 from yesterday's close.  Jul 21 Wheat closed at $6.8075/bushel, down $0.03 from yesterday's close.  Jul 21 Soybeans closed at $15.085/bushel, down $0.355 from yesterday's close.  Jul 21 Soymeal closed at $383.3/short ton, up $1.7 f...

feed-grains soy-oilseeds wheat

PM Post - Back and Forth

THE OPEN July beans:  10 lower July meal:  1.10 lower July soyoil:  230 pts lower  Julu corn:  9 lower July wheat:  7 1/2 lower The markets opened lower and continued to sell-off on weaker technical considerations, more rains across northern portions of the country...

feed-grains soy-oilseeds wheat

AM Outlook - Report Reverberates

GOOD MORNING, Prices started the night on a steady note but this morning will open lower.  Sharply lower soyoil futures are pressuring beans, and prices will begin on key support points.  The theme now seems to be liquidation for the day into the weekend, as the report is digested fro...

feed-grains soy-oilseeds wheat

Technical Views - Retracement

SPREADS August crush trades to 79c/bu while oilshare trades to 46.43%.  Today is the last day of the Goldman Roll as July futures wind down.  July/Nov bean inverse trades to 84 3/4c but finds some life, trading back up to 96c.  Jly/Dec meal widens out to new lows at $12.20 carry...

feed-grains

WASDE Corn

USDA’s outlook for 2021/22 U.S. corn is for a modest reduction in beginning stocks because of ethanol and export demand.  The forecast season-average farm price is unchanged at $5.70 per bushel. This month’s 2021/22 foreign coarse grain outlook is for greater production, margin...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Note – First week of the New Crop year: Hence, Net sales of 325,900 MT for the 2021/2022 marketing year, which began June 1, were primarily for South Korea (80,300 MT), the Philippines (60,200 MT, including decreases of 32,900 MT), unknown destinations (45,000 MT), Honduras (...

feed-grains soy-oilseeds wheat

Market Commentary: That Was Fun

The markets started the day bullishly for corn and soybeans but with losses in wheat. Post the USDA WASDE report things changed. Larger soybean stocks flipped that market red but not until after some curious delay. And there was notable bull spreading that split the contracts. Soybeans, meal, o...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 21 Corn closed at $6.99/bushel, up $0.0825 from yesterday's close.  Jul 21 Wheat closed at $6.8375/bushel, up $0.015 from yesterday's close.  Jul 21 Soybeans closed at $15.44/bushel, down $0.185 from yesterday's close.  Jul 21 Soymeal closed at $381.6/short ton, down $4.8 fro...

feed-grains soy-oilseeds wheat

PM Post - Bean Bulls Must Focus on Bottom Line

THE OPEN July beans:  7 higher July meal: .70 higher July soyoil;  37 higher July corm:   6 higher July wheat:  7 lower The markets opened as called with July corn once again in the lead to the upside with the nearby spread strengthening.  As the report time approa...

feed-grains soy-oilseeds wheat

AM Outlook - Weakness Gets Purchased

GOOD MORNING, Prices are mixed featuring higher soy and corn, lower wheat.   Could it be a foreshadowing of themes to come for the day?  The June WASDE will be released at 11:00 central time, and after we take a look at the numbers we will be back to watching the weather and prep...

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