Recent Feed Grains Analysis
AM Outlook - Conflicting Stories Create Trading Ranges
GOOD MORNING, Prices are mixed this morning, with soyoil lower on the back of a palm oil sell-off, while all other markets are higher. Conflicting stories continue to circulate for China and beans, but according to Shanghai's JCI, China will have to purchase US beans to cover any shortage...
Market Commentary
The CBOT continued its strength on Wednesday, buoyed largely by rising Russian/Ukrainian FOB wheat prices and continued strength in the Brazilian real. Despite improving weather for Europe and the Black Sea region, the market remains concerned about Black Sea supplies, especially after Ukrainia...
Summary of Futures
Jul 20 Corn closed at $3.24/bushel, down $0.0025 from yesterday's close. Jul 20 Wheat closed at $5.12/bushel, up $0.04 from yesterday's close. Jul 20 Soybeans closed at $8.575/bushel, up $0.07 from yesterday's close. Jul 20 Soymeal closed at $286.3/short ton, up $2.6 from yest...
Rice as Laggard
It was noted yesterday that the growth in global production of wheat has tracked population growth whereas corn and soybeans have expanded exponentially more. Wheat is predominantly a food grain whereas corn and soybeans have fed the expanding animal protein sector. Rice is also predominantly a...
China In-Country Analysis
Livestock Ministry of Ag Reports Hog Inventories by Province China’s Ministry of Agriculture and Rural Affairs (MARA) recently released provincial level figures for the first quarter of this year for the country’s hog inventories. The top fifteen provinces in China through March acc...
PM Post - As Called
THE OPEN July beans: 5 1/2 higher July meal: 1.20 higher July soyoil: 24 higher July corn: 1 lower July wheat: 4 higher The markets opened as called with soyoil prices triggering buy-stops to trade to new highs for the move upward with some oilshare bulls locking i...
Black Sea Regional Analysis
Russian Grain Markets: 25-29 May 2020 Domestic grain markets followed the same trends as the previous week. The prices for 2019 yield didn’t decrease significantly as there aren’t many offers on the market. In some regions the scarce stock even pushed prices up. Meanwhile, corn pric...
Technical Views - Straddle/Strangle Corn
SPREADS August crush trades to 85.22c/bu while oilshare firms to 32.99%. The July roll officially begins on Friday. On corn weakness this morning, July/Dec widens back out to 14 1/2c from 13 1/2c, while Jul/Sep trades out to 4 3/4c from 4 1/4c. July/Dec meal widens back out to...
AM Outlook - Buy Beans, Sell Grains
GOOD MORNING, Inter-market spread activity continues as funds buy beans and sell grains. US beans are a good buy for the moment, and China has been busy this week. World vegoils are firming up as countries come out of lock-down, with China and India resuming its purchases of...
April Ethanol Corn Crush; June Estimated Forecast
In a sign of the times, corn crushed for ethanol in April, during the peak of the COVID-19 lockdown, was down more than 44 percent from April 2019, while corn crushed for alcoholic beverages was up 12 percent from April 2019 according to USDA’s Grain Crushing and Co-Production report rele...
Summary of Futures
Jul 20 Corn closed at $3.2425/bushel, up $0.01 from yesterday's close. Jul 20 Wheat closed at $5.08/bushel, down $0.0725 from yesterday's close. Jul 20 Soybeans closed at $8.505/bushel, up $0.1 from yesterday's close. Jul 20 Soymeal closed at $283.7/short ton, up $0.6 from yes...
Market Commentary
News came overnight that China booked two-three cargoes of soybeans from the U.S. PNW, despite yesterday’s indications that the Chinese government was suspending purchases by its state-owned enterprises. The USDA-confirmed sales boosted the soybean market and put the complex on a track hi...
AM Outlook - Conflicting Stories Create Trading Ranges
GOOD MORNING, Prices are mixed this morning, with soyoil lower on the back of a palm oil sell-off, while all other markets are higher. Conflicting stories continue to circulate for China and beans, but according to Shanghai's JCI, China will have to purchase US beans to cover any shortage...
Market Commentary
The CBOT continued its strength on Wednesday, buoyed largely by rising Russian/Ukrainian FOB wheat prices and continued strength in the Brazilian real. Despite improving weather for Europe and the Black Sea region, the market remains concerned about Black Sea supplies, especially after Ukrainia...
Summary of Futures
Jul 20 Corn closed at $3.24/bushel, down $0.0025 from yesterday's close. Jul 20 Wheat closed at $5.12/bushel, up $0.04 from yesterday's close. Jul 20 Soybeans closed at $8.575/bushel, up $0.07 from yesterday's close. Jul 20 Soymeal closed at $286.3/short ton, up $2.6 from yest...
Rice as Laggard
It was noted yesterday that the growth in global production of wheat has tracked population growth whereas corn and soybeans have expanded exponentially more. Wheat is predominantly a food grain whereas corn and soybeans have fed the expanding animal protein sector. Rice is also predominantly a...
China In-Country Analysis
Livestock Ministry of Ag Reports Hog Inventories by Province China’s Ministry of Agriculture and Rural Affairs (MARA) recently released provincial level figures for the first quarter of this year for the country’s hog inventories. The top fifteen provinces in China through March acc...
PM Post - As Called
THE OPEN July beans: 5 1/2 higher July meal: 1.20 higher July soyoil: 24 higher July corn: 1 lower July wheat: 4 higher The markets opened as called with soyoil prices triggering buy-stops to trade to new highs for the move upward with some oilshare bulls locking i...
Black Sea Regional Analysis
Russian Grain Markets: 25-29 May 2020 Domestic grain markets followed the same trends as the previous week. The prices for 2019 yield didn’t decrease significantly as there aren’t many offers on the market. In some regions the scarce stock even pushed prices up. Meanwhile, corn pric...
Technical Views - Straddle/Strangle Corn
SPREADS August crush trades to 85.22c/bu while oilshare firms to 32.99%. The July roll officially begins on Friday. On corn weakness this morning, July/Dec widens back out to 14 1/2c from 13 1/2c, while Jul/Sep trades out to 4 3/4c from 4 1/4c. July/Dec meal widens back out to...
AM Outlook - Buy Beans, Sell Grains
GOOD MORNING, Inter-market spread activity continues as funds buy beans and sell grains. US beans are a good buy for the moment, and China has been busy this week. World vegoils are firming up as countries come out of lock-down, with China and India resuming its purchases of...
April Ethanol Corn Crush; June Estimated Forecast
In a sign of the times, corn crushed for ethanol in April, during the peak of the COVID-19 lockdown, was down more than 44 percent from April 2019, while corn crushed for alcoholic beverages was up 12 percent from April 2019 according to USDA’s Grain Crushing and Co-Production report rele...
Summary of Futures
Jul 20 Corn closed at $3.2425/bushel, up $0.01 from yesterday's close. Jul 20 Wheat closed at $5.08/bushel, down $0.0725 from yesterday's close. Jul 20 Soybeans closed at $8.505/bushel, up $0.1 from yesterday's close. Jul 20 Soymeal closed at $283.7/short ton, up $0.6 from yes...
Market Commentary
News came overnight that China booked two-three cargoes of soybeans from the U.S. PNW, despite yesterday’s indications that the Chinese government was suspending purchases by its state-owned enterprises. The USDA-confirmed sales boosted the soybean market and put the complex on a track hi...