Recent Soy & Oilseeds Analysis
Market Commentary: Corn Touches $6.30 and Wheat Hits Trendline; New Highs for Hogs
The CBOT saw the continued influence of fund managers and investors looking to bull spread commodities against equities, as well as the impact of (continually) escalating tensions between Russia and everyone else. Wheat futures rallied 15+ cents again Tuesday with short covering accelerating as...
Summary of Futures
Mar 22 Corn closed at $6.2/bushel, down $0.01 from yesterday's close. Mar 22 Wheat closed at $8.18/bushel, up $0.175 from yesterday's close. Mar 22 Soybeans closed at $14.0725/bushel, up $0.0425 from yesterday's close. Mar 22 Soymeal closed at $392/short ton, down $1.9 from ye...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Turkish flour miller Ulusoy Un Sanayi has received $25 million in six year debt facility from Hollands FMQ development bank. Ulusoy is one of Turkey’s largest flour millers with its business split 50/50 between local flour busi...
Market Commentary: Wheat, Corn Rally After No Diplomatic Progress; Hogs Post New Highs While Cattle Falter
As expected, the weekend’s developments in the Black Sea drove market action to start the week. Over the weekend, U.S. and Russian diplomats ended discussions in a stalemate and the State Department urged U.S. citizens to avoid travel to Ukraine and Russia. Later, the U.S. ordered nonesse...
Summary of Futures
Mar 22 Corn closed at $6.21/bushel, up $0.0475 from yesterday's close. Mar 22 Wheat closed at $8.005/bushel, up $0.205 from yesterday's close. Mar 22 Soybeans closed at $14.03/bushel, down $0.1125 from yesterday's close. Mar 22 Soymeal closed at $393.9/short ton, up $1.2 from...
Mercosur Regional Analysis
Corn Argentina Last week’s heatwave in Argentina was as bad with temperatures above 40C (104F) and strong winds in many places. By the week’s end, however, the weather pattern changed, and rains fell over nearly all the agricultural area with total precipitation amounts varying grea...
European Market Analysis
Regional News Grain markets in Europe and the Black Sea remain dominated by one factor: the looming possibility that Russia will invade Ukraine. Diplomatic discussions have, so far, failed to prompt Russia to standdown its posture and further escalation of tensions is likely. Freight rate...
Summary of Futures
Mar 22 Corn closed at $6.1625/bushel, up $0.0525 from yesterday's close. Mar 22 Wheat closed at $7.8/bushel, down $0.1025 from yesterday's close. Mar 22 Soybeans closed at $14.1425/bushel, down $0.115 from yesterday's close. Mar 22 Soymeal closed at $392.7/short ton, down $8.1...
Market Commentary: Corn, Soyoil, Hogs Post Bullish Days; Soybeans, Wheat Fall on Profit Taking
The CBOT traded a mixed day to end a volatile and mostly bullish week. Corn and lean hog futures rallied with March corn posting a new seven-month high and hog futures posting fresh contract highs. Soybeans and wheat, however, could not match the bullishness of the corn market and ended lower i...
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...
Dynamic Oilseed Developments
Export Sales USDA’s Export Sales report released this morning reflected larger export sales across many commodities, including the soy complex. Net soybean sales were down 9 percent from last week but were up 12 percent from the four-week average. There were 797 KMT of soybeans purchased...
Export Sales
Export Sales for Jan 7, 2022 – Jan 13, 2022 Wheat: Net sales of 380,600metric tons (MT) for 2021/2022 were up 44 percent from the previous week and 62 percent from the prior 4-week average. Corn: Net sales of 1,091,300 MT for 2021/2022 were up noticeably from the previous week...
Market Commentary: Corn Touches $6.30 and Wheat Hits Trendline; New Highs for Hogs
The CBOT saw the continued influence of fund managers and investors looking to bull spread commodities against equities, as well as the impact of (continually) escalating tensions between Russia and everyone else. Wheat futures rallied 15+ cents again Tuesday with short covering accelerating as...
Summary of Futures
Mar 22 Corn closed at $6.2/bushel, down $0.01 from yesterday's close. Mar 22 Wheat closed at $8.18/bushel, up $0.175 from yesterday's close. Mar 22 Soybeans closed at $14.0725/bushel, up $0.0425 from yesterday's close. Mar 22 Soymeal closed at $392/short ton, down $1.9 from ye...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Turkish flour miller Ulusoy Un Sanayi has received $25 million in six year debt facility from Hollands FMQ development bank. Ulusoy is one of Turkey’s largest flour millers with its business split 50/50 between local flour busi...
Market Commentary: Wheat, Corn Rally After No Diplomatic Progress; Hogs Post New Highs While Cattle Falter
As expected, the weekend’s developments in the Black Sea drove market action to start the week. Over the weekend, U.S. and Russian diplomats ended discussions in a stalemate and the State Department urged U.S. citizens to avoid travel to Ukraine and Russia. Later, the U.S. ordered nonesse...
Summary of Futures
Mar 22 Corn closed at $6.21/bushel, up $0.0475 from yesterday's close. Mar 22 Wheat closed at $8.005/bushel, up $0.205 from yesterday's close. Mar 22 Soybeans closed at $14.03/bushel, down $0.1125 from yesterday's close. Mar 22 Soymeal closed at $393.9/short ton, up $1.2 from...
Mercosur Regional Analysis
Corn Argentina Last week’s heatwave in Argentina was as bad with temperatures above 40C (104F) and strong winds in many places. By the week’s end, however, the weather pattern changed, and rains fell over nearly all the agricultural area with total precipitation amounts varying grea...
European Market Analysis
Regional News Grain markets in Europe and the Black Sea remain dominated by one factor: the looming possibility that Russia will invade Ukraine. Diplomatic discussions have, so far, failed to prompt Russia to standdown its posture and further escalation of tensions is likely. Freight rate...
Summary of Futures
Mar 22 Corn closed at $6.1625/bushel, up $0.0525 from yesterday's close. Mar 22 Wheat closed at $7.8/bushel, down $0.1025 from yesterday's close. Mar 22 Soybeans closed at $14.1425/bushel, down $0.115 from yesterday's close. Mar 22 Soymeal closed at $392.7/short ton, down $8.1...
Market Commentary: Corn, Soyoil, Hogs Post Bullish Days; Soybeans, Wheat Fall on Profit Taking
The CBOT traded a mixed day to end a volatile and mostly bullish week. Corn and lean hog futures rallied with March corn posting a new seven-month high and hog futures posting fresh contract highs. Soybeans and wheat, however, could not match the bullishness of the corn market and ended lower i...
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...
Dynamic Oilseed Developments
Export Sales USDA’s Export Sales report released this morning reflected larger export sales across many commodities, including the soy complex. Net soybean sales were down 9 percent from last week but were up 12 percent from the four-week average. There were 797 KMT of soybeans purchased...
Export Sales
Export Sales for Jan 7, 2022 – Jan 13, 2022 Wheat: Net sales of 380,600metric tons (MT) for 2021/2022 were up 44 percent from the previous week and 62 percent from the prior 4-week average. Corn: Net sales of 1,091,300 MT for 2021/2022 were up noticeably from the previous week...