Recent Soy & Oilseeds Analysis
Market Commentary
Markets were weaker to start the Sunday evening session, and that negative trading pattern persisted throughout today. As another analyst wrote, the market is starving for news of any kind. China talk continues to dominate the markets’ attitude and direction. There was more chatter over t...
Mercosur Regional Analysis
Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...
Summary of Futures
May 19 Corn closed at $3.715/bushel, down $0.0175 from yesterday's close. May 19 Wheat closed at $4.5675/bushel, down $0.055 from yesterday's close. May 19 Soybeans closed at $9.0575/bushel, down $0.035 from yesterday's close. May 19 Soymeal closed at $309.8/short ton, down $1...
Southeast Europe Regional Analysis
Milling Wheat The Black Sea market has reversed the downward trend it had been following since January. The buyers/consumers have certainly appreciated the $20 collapse, and they don’t want to miss the opportunity to lock in the current prices. Russia’s exports have reached 30 MMT,...
Summary of Futures
May 19 Corn closed at $3.7325/bushel, up $0.03 from yesterday's close. May 19 Wheat closed at $4.6225/bushel, up $0.095 from yesterday's close. May 19 Soybeans closed at $9.0925/bushel, up $0.1075 from yesterday's close. May 19 Soymeal closed at $310.8/short ton, up $4.9 from...
Market Commentary
Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief...
More Things to Keep You Up at Night
- Grain and oilseed markets were firm today, mostly on growing chatter that the U.S. and China are very close to reaching an agreement on trade. The devil is always in the details, which won’t be known until the deal is made public. Much of the commentary on various business channels toda...
Market Commentary
Traders showed more interest in the overnight session. Volume was not back to Tuesday’s level, but it was notably higher than Wednesday’s. Pricewise, the results were mixed. Grains were steady to firm, but soybeans traded mostly lower. A wire service reported late in the overnight s...
Summary of Futures
May 19 Corn closed at $3.7025/bushel, up $0.0375 from yesterday's close. May 19 Wheat closed at $4.5275/bushel, up $0.055 from yesterday's close. May 19 Soybeans closed at $8.985/bushel, down $0.025 from yesterday's close. May 19 Soymeal closed at $305.9/short ton, up $1.2 fro...
Oilseed Highlights: U.S. Soy Export Sales; EU Biodiesel, Palm Oil Futures; EU Rapeseed
U.S. Soy Export Sales Highlights Today’s USDA weekly export sales report indicated U.S. exporters were quite successful selling soybeans to China and elsewhere in the week ending 7 March. Meanwhile, soymeal and soyoil export sales were relatively modest. Net soybean export sales for shipm...
Export Sales
Wheat: Net sales of 263,000 metric tons for delivery in the 2018/2019 marketing year were reported for Nigeria (106,300 MT, including 24,000 MT switched from unknown destinations), Japan (62,500 MT), Yemen (44,000 MT, including 40,000 MT switched from unknown destinations), Vietnam (32,80...
Market Commentary
NASS has decided to no longer conduct actual field surveys in compiling production and yield estimates for corn and soybeans in the August WASDE as they are deemed too early at that time to be very meaningful. It will instead only use farmer surveys, weather/yield models and satellite data. Fie...
Market Commentary
Markets were weaker to start the Sunday evening session, and that negative trading pattern persisted throughout today. As another analyst wrote, the market is starving for news of any kind. China talk continues to dominate the markets’ attitude and direction. There was more chatter over t...
Mercosur Regional Analysis
Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...
Summary of Futures
May 19 Corn closed at $3.715/bushel, down $0.0175 from yesterday's close. May 19 Wheat closed at $4.5675/bushel, down $0.055 from yesterday's close. May 19 Soybeans closed at $9.0575/bushel, down $0.035 from yesterday's close. May 19 Soymeal closed at $309.8/short ton, down $1...
Southeast Europe Regional Analysis
Milling Wheat The Black Sea market has reversed the downward trend it had been following since January. The buyers/consumers have certainly appreciated the $20 collapse, and they don’t want to miss the opportunity to lock in the current prices. Russia’s exports have reached 30 MMT,...
Summary of Futures
May 19 Corn closed at $3.7325/bushel, up $0.03 from yesterday's close. May 19 Wheat closed at $4.6225/bushel, up $0.095 from yesterday's close. May 19 Soybeans closed at $9.0925/bushel, up $0.1075 from yesterday's close. May 19 Soymeal closed at $310.8/short ton, up $4.9 from...
Market Commentary
Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief...
More Things to Keep You Up at Night
- Grain and oilseed markets were firm today, mostly on growing chatter that the U.S. and China are very close to reaching an agreement on trade. The devil is always in the details, which won’t be known until the deal is made public. Much of the commentary on various business channels toda...
Market Commentary
Traders showed more interest in the overnight session. Volume was not back to Tuesday’s level, but it was notably higher than Wednesday’s. Pricewise, the results were mixed. Grains were steady to firm, but soybeans traded mostly lower. A wire service reported late in the overnight s...
Summary of Futures
May 19 Corn closed at $3.7025/bushel, up $0.0375 from yesterday's close. May 19 Wheat closed at $4.5275/bushel, up $0.055 from yesterday's close. May 19 Soybeans closed at $8.985/bushel, down $0.025 from yesterday's close. May 19 Soymeal closed at $305.9/short ton, up $1.2 fro...
Oilseed Highlights: U.S. Soy Export Sales; EU Biodiesel, Palm Oil Futures; EU Rapeseed
U.S. Soy Export Sales Highlights Today’s USDA weekly export sales report indicated U.S. exporters were quite successful selling soybeans to China and elsewhere in the week ending 7 March. Meanwhile, soymeal and soyoil export sales were relatively modest. Net soybean export sales for shipm...
Export Sales
Wheat: Net sales of 263,000 metric tons for delivery in the 2018/2019 marketing year were reported for Nigeria (106,300 MT, including 24,000 MT switched from unknown destinations), Japan (62,500 MT), Yemen (44,000 MT, including 40,000 MT switched from unknown destinations), Vietnam (32,80...
Market Commentary
NASS has decided to no longer conduct actual field surveys in compiling production and yield estimates for corn and soybeans in the August WASDE as they are deemed too early at that time to be very meaningful. It will instead only use farmer surveys, weather/yield models and satellite data. Fie...