Recent Soy & Oilseeds Analysis
Market Commentary: Wheat Rallies on ADM Delivery Receipt Cancellation; Soy Complex Under Pressure
The CBOT was mixed to end the week with wheat surging to new highs and helping put a bid under corn futures as well. The soy complex was weaker due to soyoil, which was pulled lower after Malaysian palm oil futures posted a huge reversal Thursday. The biggest reason for the KCBT rally was...
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...
Summary of Futures
Dec 21 Corn closed at $5.38/bushel, up $0.0575 from yesterday's close. Dec 21 Wheat closed at $7.56/bushel, up $0.1475 from yesterday's close. Nov 21 Soybeans closed at $12.205/bushel, down $0.035 from yesterday's close. Dec 21 Soymeal closed at $327.4/short ton, up $3.4 from...
Market Commentary: Downside of Up
Markets have their ups and downs and today was the downside of up. After pretty much adding points for the last several days, today was a modest correction. There were macro influences such as oil pressed lower and the dollar higher. Equities were mixed, with the Dow dragged lower by sin...
Summary of Futures
Dec 21 Corn closed at $5.3225/bushel, down $0.07 from yesterday's close. Dec 21 Wheat closed at $7.4125/bushel, down $0.08 from yesterday's close. Nov 21 Soybeans closed at $12.24/bushel, down $0.215 from yesterday's close. Dec 21 Soymeal closed at $324/short ton, down $4.4 fr...
Oilseed Highlights: Soy Export Sales; China Soy Stocks; New Renewable Diesel Facility
U.S. Soybean Export Sales and Exports Continue to Surge Today’s USDA/FAS export sales report confirmed exporters are seeing surging sales of soybeans for export as well as loading large shipments of soybeans for export. Soymeal export sales also are rising, but not as fast as for soybeans...
Export Sales
Exports are for October 8-14, 2021 Wheat: Net sales of 362,400 metric tons (MT) for 2021/2022 were down 36 percent from the previous week and 6 percent from the prior 4-week average. Corn: Net sales of 1,273,100 MT for 2021/2022 were up 22 percent from the previous week and 67...
Summary of Futures
Dec 21 Corn closed at $5.3925/bushel, up $0.09 from yesterday's close. Dec 21 Wheat closed at $7.4925/bushel, up $0.1325 from yesterday's close. Nov 21 Soybeans closed at $12.455/bushel, up $0.175 from yesterday's close. Dec 21 Soymeal closed at $328.4/short ton, up $5.8 from...
Market Commentary: Soyoil Breaks Resistance, Soy Complex Rallies; Lean Hogs Break Support
The CBOT was higher overnight with wheat and the soy complex leading the way. European wheat and rapeseed futures were also stronger, creating spillover buying in American markets. Notably, soyoil futures broke key resistance in the overnight session, which created a strong opening for the day...
China In-Country Analysis
Livestock Financial Reports Show Top Hog Producers Had Rough Q3 Last week, several major domestic hog producers, also known as “Pork Concept” companies, released their financial results for the recent Q3. Saying that several bled like a stuck pig might be an understatement. Muyuan F...
Black Sea Regional Analysis
Russian Grain Markets: 11-15 October 2021 The average prices on the Russian grain market showed minimal growth. One of the main factors preventing further significant growth is that it’s impossible for the Russian exporters to continue increasing their offer prices (or their product will...
Pick Your Poison
Over the past decade, pesticide sales in Europe have declined by 7 percent. At the same time, organic production has expanded at 5.5 percent a year and now comprises 13.8 million hectares. Over that same time, yield gains for corn, rapeseed and rice have fallen relative to the prior decade. By...
Market Commentary: Wheat Rallies on ADM Delivery Receipt Cancellation; Soy Complex Under Pressure
The CBOT was mixed to end the week with wheat surging to new highs and helping put a bid under corn futures as well. The soy complex was weaker due to soyoil, which was pulled lower after Malaysian palm oil futures posted a huge reversal Thursday. The biggest reason for the KCBT rally was...
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...
Summary of Futures
Dec 21 Corn closed at $5.38/bushel, up $0.0575 from yesterday's close. Dec 21 Wheat closed at $7.56/bushel, up $0.1475 from yesterday's close. Nov 21 Soybeans closed at $12.205/bushel, down $0.035 from yesterday's close. Dec 21 Soymeal closed at $327.4/short ton, up $3.4 from...
Market Commentary: Downside of Up
Markets have their ups and downs and today was the downside of up. After pretty much adding points for the last several days, today was a modest correction. There were macro influences such as oil pressed lower and the dollar higher. Equities were mixed, with the Dow dragged lower by sin...
Summary of Futures
Dec 21 Corn closed at $5.3225/bushel, down $0.07 from yesterday's close. Dec 21 Wheat closed at $7.4125/bushel, down $0.08 from yesterday's close. Nov 21 Soybeans closed at $12.24/bushel, down $0.215 from yesterday's close. Dec 21 Soymeal closed at $324/short ton, down $4.4 fr...
Oilseed Highlights: Soy Export Sales; China Soy Stocks; New Renewable Diesel Facility
U.S. Soybean Export Sales and Exports Continue to Surge Today’s USDA/FAS export sales report confirmed exporters are seeing surging sales of soybeans for export as well as loading large shipments of soybeans for export. Soymeal export sales also are rising, but not as fast as for soybeans...
Export Sales
Exports are for October 8-14, 2021 Wheat: Net sales of 362,400 metric tons (MT) for 2021/2022 were down 36 percent from the previous week and 6 percent from the prior 4-week average. Corn: Net sales of 1,273,100 MT for 2021/2022 were up 22 percent from the previous week and 67...
Summary of Futures
Dec 21 Corn closed at $5.3925/bushel, up $0.09 from yesterday's close. Dec 21 Wheat closed at $7.4925/bushel, up $0.1325 from yesterday's close. Nov 21 Soybeans closed at $12.455/bushel, up $0.175 from yesterday's close. Dec 21 Soymeal closed at $328.4/short ton, up $5.8 from...
Market Commentary: Soyoil Breaks Resistance, Soy Complex Rallies; Lean Hogs Break Support
The CBOT was higher overnight with wheat and the soy complex leading the way. European wheat and rapeseed futures were also stronger, creating spillover buying in American markets. Notably, soyoil futures broke key resistance in the overnight session, which created a strong opening for the day...
China In-Country Analysis
Livestock Financial Reports Show Top Hog Producers Had Rough Q3 Last week, several major domestic hog producers, also known as “Pork Concept” companies, released their financial results for the recent Q3. Saying that several bled like a stuck pig might be an understatement. Muyuan F...
Black Sea Regional Analysis
Russian Grain Markets: 11-15 October 2021 The average prices on the Russian grain market showed minimal growth. One of the main factors preventing further significant growth is that it’s impossible for the Russian exporters to continue increasing their offer prices (or their product will...
Pick Your Poison
Over the past decade, pesticide sales in Europe have declined by 7 percent. At the same time, organic production has expanded at 5.5 percent a year and now comprises 13.8 million hectares. Over that same time, yield gains for corn, rapeseed and rice have fallen relative to the prior decade. By...