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Feed Grains Recent Feed Grains Analysis

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 8–12 April 2024 During the first week of April, the Russian domestic grain market remained quite volatile but predominantly stable and bearish. The exception was milling wheat going for export which triggered price improvements in the ports against a weaker RUB and...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soybeans Fall on Planting Progress, Weather; NOPA Report Sinks Soyoil

The CBOT was mostly lower on Tuesday with broadly favorable weather in the U.S. and South America allowing timely planting and harvesting, respectively, of summer crops. Monday’s Crop Progress report from USDA indicated that U.S. farmers are making solid gains seeding the 2024 crops with...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.31/bushel, down $0.005 from yesterday's close.  May 24 Wheat closed at $5.4975/bushel, down $0.02 from yesterday's close.  May 24 Soybeans closed at $11.45/bushel, down $0.1325 from yesterday's close.  May 24 Soymeal closed at $335.3/short ton, down $3.2...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Regional Updates Due to the Ramadan Eid El Fitr holidays ending, there is no grain news or information from the MENA region this week.  SOUTHERN/EASTERN/WESTERN AFRICA  Ghana’s government faces serious criticism f...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls on Stronger Dollar, Technical Trade; NOPA Crush Sets Record

The CBOT was mostly lower to start the week with a rising U.S. dollar and favorable weather for the U.S. and South America pressuring values. Some jitters over the weekend developments in the Middle East also kept markets on the defensive, though crude oil prices slipped lower despite the incre...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 15 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.315/bushel, down $0.04 from yesterday's close.  May 24 Wheat closed at $5.5175/bushel, down $0.0425 from yesterday's close.  May 24 Soybeans closed at $11.5825/bushel, down $0.1575 from yesterday's close.  May 24 Soymeal closed at $338.5/short ton, down $...

feed-grains

More Pets, More Food

Because pets are not just an emotional support but an economic burden, the change in global pet ownership is correlated with changes in GDP. The world has been getting wealthier and so pet ownership has been expanding. More pets also means more pet food demand. Pet food composition varies but i...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn Estimates of Argentina’s corn harvest continue to decrease, mainly due to the impact of Spiroplasma bacteria. The Rosario Grain Exchange lowered its estimate from 57 to 50.5 MMT, while the Buenos Aires Grain Exchange revised their’s from 52 to 49.5 MMT, marking the second conse...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Shake off WASDE Blues on Weather Concerns; Livestock Futures Collapse Again

Trade in ag futures saw greatly diverging trends on Friday with the grains and oilseeds markets strengthening after Thursday’s relatively bearish WASDE report while livestock markets collapsed further. The grain market saw support from more news of large U.S. soybean export sales –...

soy-oilseeds wheat livestock

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

May 24 Corn closed at $4.355/bushel, up $0.0675 from yesterday's close.  May 24 Wheat closed at $5.56/bushel, up $0.0425 from yesterday's close.  May 24 Soybeans closed at $11.74/bushel, up $0.1475 from yesterday's close.  May 24 Soymeal closed at $344.4/short ton, up $8.8 from y...

feed-grains

WASDE Corn

USDA increased the U.S. corn use for ethanol and feed – which reduced ending stocks 50 million bushels to 2.1 billion. The season-average farm price is lowered 5 cents to $4.70 per bushel. Global corn ending stocks are estimated to be 318.3 million tons, are down 1.4 million from last mon...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 29 to April 4, 2024 Wheat:  Net sales of 80,700 metric tons (MT) for 2023/2024 were up noticeably from the previous week, but down 2 percent from the prior 4-week average. Export shipments of 626,800 MT--a marketing-year high--were up 21 percent from th...

feed-grains soy-oilseeds wheat

Market Commentary: Small But Bearish Changes

When you see a bear, start backward charging, and that is what corn, beans, and wheat did today. The Board was under pressure ahead of the release of USDA’S April WASDE report and while few changes were expected in the report, and few were made, the ones announced reinforced the bearish t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2875/bushel, down $0.055 from yesterday's close.  May 24 Wheat closed at $5.5175/bushel, down $0.0675 from yesterday's close.  May 24 Soybeans closed at $11.5925/bushel, down $0.055 from yesterday's close.  May 24 Soymeal closed at $335.6/short ton, up $4...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Gains on Weather Concerns; Inflation Data Sinks Livestock Futures

The CBOT was mixed on the last full trading day before the April WASDE with the corn and wheat markets seeing support and ending higher, while the soy complex retreated, and the livestock sector collapsed on inflation-induced demand concerns. The catalyst for the day’s strength in corn wa...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3425/bushel, up $0.03 from yesterday's close.  May 24 Wheat closed at $5.585/bushel, up $0.0075 from yesterday's close.  May 24 Soybeans closed at $11.6475/bushel, down $0.0975 from yesterday's close.  May 24 Soymeal closed at $330.9/short ton, down $4.7...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 1–5 April 2024 The government has realized that taxing exportable wheat and barley at a high rate was not a good idea, especially with wheat stocks pushing the roof. Possibly the news about softer duties will improve prices for small grains. Corn duty is symbolic an...

feed-grains soy-oilseeds wheat

Market Commentary: Pre-WASDE Positioning, Crop Conditions, Weather Forecasts Pressure CBOT

The CBOT was mostly lower on Tuesday with traders increasingly focused on preparing for Thursday’s WASDE report amid little fresh news. Declining crude oil prices pulled the soy complex lower as did slight upward revisions from private firms for the Brazilian and Argentine soybean crops...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3125/bushel, down $0.0425 from yesterday's close.  May 24 Wheat closed at $5.5775/bushel, down $0.08 from yesterday's close.  May 24 Soybeans closed at $11.745/bushel, down $0.07 from yesterday's close.  May 24 Soymeal closed at $335.6/short ton, down $0...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Muslim countries will celebrate the Eid-al-Fitr period as Ramadan ends this week. Most countries will see the holy month of Ramadan end on 9 April or 10 with the Eid holidays for several days after. Businesses, ba...

feed-grains soy-oilseeds wheat

Market Commentary: Soy Fades on Palm Oil Pullback; Grains Firm while Hogs Hit New Highs

The CBOT saw mixed trade to start the week with traders mostly content to adjust positions heading into Thursday’s WASDE report. Corn and wheat futures saw strength with the latter leading the way on concerning weather trends in the U.S. and Europe. Conversely, pullbacks in palm oil and c...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.355/bushel, up $0.0125 from yesterday's close.  May 24 Wheat closed at $5.6575/bushel, down $0.015 from yesterday's close.  May 24 Soybeans closed at $11.815/bushel, down $0.035 from yesterday's close.  May 24 Soymeal closed at $336/short ton, up $2.9 fro...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 8–12 April 2024 During the first week of April, the Russian domestic grain market remained quite volatile but predominantly stable and bearish. The exception was milling wheat going for export which triggered price improvements in the ports against a weaker RUB and...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soybeans Fall on Planting Progress, Weather; NOPA Report Sinks Soyoil

The CBOT was mostly lower on Tuesday with broadly favorable weather in the U.S. and South America allowing timely planting and harvesting, respectively, of summer crops. Monday’s Crop Progress report from USDA indicated that U.S. farmers are making solid gains seeding the 2024 crops with...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.31/bushel, down $0.005 from yesterday's close.  May 24 Wheat closed at $5.4975/bushel, down $0.02 from yesterday's close.  May 24 Soybeans closed at $11.45/bushel, down $0.1325 from yesterday's close.  May 24 Soymeal closed at $335.3/short ton, down $3.2...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Regional Updates Due to the Ramadan Eid El Fitr holidays ending, there is no grain news or information from the MENA region this week.  SOUTHERN/EASTERN/WESTERN AFRICA  Ghana’s government faces serious criticism f...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls on Stronger Dollar, Technical Trade; NOPA Crush Sets Record

The CBOT was mostly lower to start the week with a rising U.S. dollar and favorable weather for the U.S. and South America pressuring values. Some jitters over the weekend developments in the Middle East also kept markets on the defensive, though crude oil prices slipped lower despite the incre...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 15 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.315/bushel, down $0.04 from yesterday's close.  May 24 Wheat closed at $5.5175/bushel, down $0.0425 from yesterday's close.  May 24 Soybeans closed at $11.5825/bushel, down $0.1575 from yesterday's close.  May 24 Soymeal closed at $338.5/short ton, down $...

feed-grains

More Pets, More Food

Because pets are not just an emotional support but an economic burden, the change in global pet ownership is correlated with changes in GDP. The world has been getting wealthier and so pet ownership has been expanding. More pets also means more pet food demand. Pet food composition varies but i...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn Estimates of Argentina’s corn harvest continue to decrease, mainly due to the impact of Spiroplasma bacteria. The Rosario Grain Exchange lowered its estimate from 57 to 50.5 MMT, while the Buenos Aires Grain Exchange revised their’s from 52 to 49.5 MMT, marking the second conse...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Shake off WASDE Blues on Weather Concerns; Livestock Futures Collapse Again

Trade in ag futures saw greatly diverging trends on Friday with the grains and oilseeds markets strengthening after Thursday’s relatively bearish WASDE report while livestock markets collapsed further. The grain market saw support from more news of large U.S. soybean export sales –...

soy-oilseeds wheat livestock

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

May 24 Corn closed at $4.355/bushel, up $0.0675 from yesterday's close.  May 24 Wheat closed at $5.56/bushel, up $0.0425 from yesterday's close.  May 24 Soybeans closed at $11.74/bushel, up $0.1475 from yesterday's close.  May 24 Soymeal closed at $344.4/short ton, up $8.8 from y...

feed-grains

WASDE Corn

USDA increased the U.S. corn use for ethanol and feed – which reduced ending stocks 50 million bushels to 2.1 billion. The season-average farm price is lowered 5 cents to $4.70 per bushel. Global corn ending stocks are estimated to be 318.3 million tons, are down 1.4 million from last mon...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 29 to April 4, 2024 Wheat:  Net sales of 80,700 metric tons (MT) for 2023/2024 were up noticeably from the previous week, but down 2 percent from the prior 4-week average. Export shipments of 626,800 MT--a marketing-year high--were up 21 percent from th...

feed-grains soy-oilseeds wheat

Market Commentary: Small But Bearish Changes

When you see a bear, start backward charging, and that is what corn, beans, and wheat did today. The Board was under pressure ahead of the release of USDA’S April WASDE report and while few changes were expected in the report, and few were made, the ones announced reinforced the bearish t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2875/bushel, down $0.055 from yesterday's close.  May 24 Wheat closed at $5.5175/bushel, down $0.0675 from yesterday's close.  May 24 Soybeans closed at $11.5925/bushel, down $0.055 from yesterday's close.  May 24 Soymeal closed at $335.6/short ton, up $4...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Gains on Weather Concerns; Inflation Data Sinks Livestock Futures

The CBOT was mixed on the last full trading day before the April WASDE with the corn and wheat markets seeing support and ending higher, while the soy complex retreated, and the livestock sector collapsed on inflation-induced demand concerns. The catalyst for the day’s strength in corn wa...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3425/bushel, up $0.03 from yesterday's close.  May 24 Wheat closed at $5.585/bushel, up $0.0075 from yesterday's close.  May 24 Soybeans closed at $11.6475/bushel, down $0.0975 from yesterday's close.  May 24 Soymeal closed at $330.9/short ton, down $4.7...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 1–5 April 2024 The government has realized that taxing exportable wheat and barley at a high rate was not a good idea, especially with wheat stocks pushing the roof. Possibly the news about softer duties will improve prices for small grains. Corn duty is symbolic an...

feed-grains soy-oilseeds wheat

Market Commentary: Pre-WASDE Positioning, Crop Conditions, Weather Forecasts Pressure CBOT

The CBOT was mostly lower on Tuesday with traders increasingly focused on preparing for Thursday’s WASDE report amid little fresh news. Declining crude oil prices pulled the soy complex lower as did slight upward revisions from private firms for the Brazilian and Argentine soybean crops...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3125/bushel, down $0.0425 from yesterday's close.  May 24 Wheat closed at $5.5775/bushel, down $0.08 from yesterday's close.  May 24 Soybeans closed at $11.745/bushel, down $0.07 from yesterday's close.  May 24 Soymeal closed at $335.6/short ton, down $0...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Muslim countries will celebrate the Eid-al-Fitr period as Ramadan ends this week. Most countries will see the holy month of Ramadan end on 9 April or 10 with the Eid holidays for several days after. Businesses, ba...

feed-grains soy-oilseeds wheat

Market Commentary: Soy Fades on Palm Oil Pullback; Grains Firm while Hogs Hit New Highs

The CBOT saw mixed trade to start the week with traders mostly content to adjust positions heading into Thursday’s WASDE report. Corn and wheat futures saw strength with the latter leading the way on concerning weather trends in the U.S. and Europe. Conversely, pullbacks in palm oil and c...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.355/bushel, up $0.0125 from yesterday's close.  May 24 Wheat closed at $5.6575/bushel, down $0.015 from yesterday's close.  May 24 Soybeans closed at $11.815/bushel, down $0.035 from yesterday's close.  May 24 Soymeal closed at $336/short ton, up $2.9 fro...

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