Recent Soy & Oilseeds Analysis
Market Commentary
CBOT trade was mixed to end the week with wheat posting the largest moves. Wheat futures turned sharply lower as a mix of harvest pressure on cash prices and modest profit taking pressured the market. Soyoil rallied again, which helped support soybean prices while corn futures were slightly hig...
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
Jul 20 Corn closed at $3.3125/bushel, up $0.0225 from yesterday's close. Jul 20 Wheat closed at $5.1525/bushel, down $0.085 from yesterday's close. Jul 20 Soybeans closed at $8.6775/bushel, up $0 from yesterday's close. Jul 20 Soymeal closed at $289.1/short ton, down $0.7 from...
PM Post - The Market Has Changed
THE OPEN July beans: 4 3/4 higher July meal: .80 higher July soyoil: 25 higher July corn: 1/4 higher July wheat: 2 3/4 lower The markets opened as called but turned two-sided after the initial strength led by weaker wheat and meal. Oilshare traded higher with...
Dalian Futures Market Analysis
Monthly Summary May Activity Down, Open Interest at End Of Month Points to Reset Collectively, the eight leading agricultural futures contracts on the Dalian Exchange saw their monthly trading and volume fall by just under 16 percent and 12 percent, respectively in May. Note, there is a contrac...
Technical Views - Trade the Day
SPREADS August crush trades at 83.02c/bu while oilshare trades to 32.55%. Rolls begin today. July/Dec corn trades from 13 1/4c to 13 3/4c, while July/Sep trades from 4c to 4 1/2c. July/Nov beans trade from 8 1/2c out to 9 1/2c. July/Dec wheat trades from 12 1/2c to 13 1/...
AM Outlook - Actions Speak Volumes
GOOD MORNING, The week started off with negative vibes, as China indicated they would not buy beans from the US. Then the bean buying spree started and beans have not looked back since. A weaker US dollar, (as traders unwind previous buy US dollar/sell energies and buy US dollar/sel...
Export Sale
Wheat: Net sales of 179,500 metric tons for 2019/2020 were down 14 percent from the previous week and from the prior 4-week average. Corn: Net sales of 637,500 MT for 2019/2020 were up 49 percent from the previous week, but down 19 percent from the prior 4-week average. ...
Market Commentary
Today was a breakout. The only market in the red at COB was soyoil. After wobbling narrowly up and down for days based on only minor news headlines, reports of weather troubles in wheat and demand for soy encouraged today’s more substantive market response. The viewpoint that China would...
Summary of Futures
Jul 20 Corn closed at $3.29/bushel, up $0.05 from yesterday's close. Jul 20 Wheat closed at $5.2375/bushel, up $0.1175 from yesterday's close. Jul 20 Soybeans closed at $8.6775/bushel, up $0.1025 from yesterday's close. Jul 20 Soymeal closed at $289.8/short ton, up $3.5 from y...
Oilseed Highlights: U.S. Soy Export Sales; India’s Vegoil Imports; Chinese Uncertainty
U.S. Soy Export Sales Highlights This week has been an active one for U.S. soybean export sales to China and unknown destination. USDA reported soybean export sales totaling 570,000 MT since 29 May. Of that amount 306,000 MT are reported as sold for unknown destinations and 264,000 MT haven bee...
PM Post - Unstuck
THE OPEN July beans: 5 higher July meal: 2.00 higher July soyoil; 31 lower July corn: 2 1/2 higher July wheat: 7 1/2 higher Prices started the day at market highs, except for soyoil, with better buying after the open, and a short-covering rally in corn and meal.&nb...
Market Commentary
CBOT trade was mixed to end the week with wheat posting the largest moves. Wheat futures turned sharply lower as a mix of harvest pressure on cash prices and modest profit taking pressured the market. Soyoil rallied again, which helped support soybean prices while corn futures were slightly hig...
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
Jul 20 Corn closed at $3.3125/bushel, up $0.0225 from yesterday's close. Jul 20 Wheat closed at $5.1525/bushel, down $0.085 from yesterday's close. Jul 20 Soybeans closed at $8.6775/bushel, up $0 from yesterday's close. Jul 20 Soymeal closed at $289.1/short ton, down $0.7 from...
PM Post - The Market Has Changed
THE OPEN July beans: 4 3/4 higher July meal: .80 higher July soyoil: 25 higher July corn: 1/4 higher July wheat: 2 3/4 lower The markets opened as called but turned two-sided after the initial strength led by weaker wheat and meal. Oilshare traded higher with...
Dalian Futures Market Analysis
Monthly Summary May Activity Down, Open Interest at End Of Month Points to Reset Collectively, the eight leading agricultural futures contracts on the Dalian Exchange saw their monthly trading and volume fall by just under 16 percent and 12 percent, respectively in May. Note, there is a contrac...
Technical Views - Trade the Day
SPREADS August crush trades at 83.02c/bu while oilshare trades to 32.55%. Rolls begin today. July/Dec corn trades from 13 1/4c to 13 3/4c, while July/Sep trades from 4c to 4 1/2c. July/Nov beans trade from 8 1/2c out to 9 1/2c. July/Dec wheat trades from 12 1/2c to 13 1/...
AM Outlook - Actions Speak Volumes
GOOD MORNING, The week started off with negative vibes, as China indicated they would not buy beans from the US. Then the bean buying spree started and beans have not looked back since. A weaker US dollar, (as traders unwind previous buy US dollar/sell energies and buy US dollar/sel...
Export Sale
Wheat: Net sales of 179,500 metric tons for 2019/2020 were down 14 percent from the previous week and from the prior 4-week average. Corn: Net sales of 637,500 MT for 2019/2020 were up 49 percent from the previous week, but down 19 percent from the prior 4-week average. ...
Market Commentary
Today was a breakout. The only market in the red at COB was soyoil. After wobbling narrowly up and down for days based on only minor news headlines, reports of weather troubles in wheat and demand for soy encouraged today’s more substantive market response. The viewpoint that China would...
Summary of Futures
Jul 20 Corn closed at $3.29/bushel, up $0.05 from yesterday's close. Jul 20 Wheat closed at $5.2375/bushel, up $0.1175 from yesterday's close. Jul 20 Soybeans closed at $8.6775/bushel, up $0.1025 from yesterday's close. Jul 20 Soymeal closed at $289.8/short ton, up $3.5 from y...
Oilseed Highlights: U.S. Soy Export Sales; India’s Vegoil Imports; Chinese Uncertainty
U.S. Soy Export Sales Highlights This week has been an active one for U.S. soybean export sales to China and unknown destination. USDA reported soybean export sales totaling 570,000 MT since 29 May. Of that amount 306,000 MT are reported as sold for unknown destinations and 264,000 MT haven bee...
PM Post - Unstuck
THE OPEN July beans: 5 higher July meal: 2.00 higher July soyoil; 31 lower July corn: 2 1/2 higher July wheat: 7 1/2 higher Prices started the day at market highs, except for soyoil, with better buying after the open, and a short-covering rally in corn and meal.&nb...