Recent Soy & Oilseeds Analysis
PM Post - Lighter and Rangebound
THE OPEN November beans: 2 lower December meal: .40 lower December soyoil: 14 lower December corn: 1 1/2 higher September wheat: 4 1/2 higher The markets opened as expected with more short-covering in grains and profit-taking in oilshare. Traders were unwindi...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The government of Lebanon has said that while the Beirut grain silos were destroyed, there should be no shortage of grain as discharge of grain vessels will move to Tripoli port. The government adds that there is about 1.5 months whe...
Technical Views - Mixed Ahead of Report
SPREADS Sep/Dec corn spreads continue to have heavy volume, with nearly 80K traded Monday, and is trading from 12 1/4c to 12 1/2c today. The spread traded out to 13c before encountering short-covering activity. Short-covering was noted in corn yesterday, with September open interest...
AM Outlook - Prematurely Bearish Ahead of Report
GOOD MORNING, Prices are mixed this morning, with grains higher on short-covering. The massive wind storm that impacted the US, along with slightly lower corn crop ratings, has triggered more short-covering this morning. Wheat moves off its low of $4.90 as more of a sideways pattern...
Market Commentary
The CBOT was mixed with corn and soybeans higher on short-covering and fundamental support heading into Wednesday’s WASDE. End-users were net buyers in corn and funds covered some of their short position as well. Soybeans posted 4-6 cent gains as the market bounced from technical support...
WPI Crop Progress and Conditions App (Updated 10 August)
Update for 9 August 2020: The app contains a large volume of data, so please be patient while it loads. Also, if you have any feedback about the app, we're always appreciative of thoughtful suggestions! ...
Summary of Futures
Dec 20 Corn closed at $3.23/bushel, up $0.0225 from yesterday's close. Sep 20 Wheat closed at $4.91/bushel, down $0.045 from yesterday's close. Nov 20 Soybeans closed at $8.7325/bushel, up $0.0575 from yesterday's close. Dec 20 Soymeal closed at $289.6/short ton, up $2.8 from...
PM Post - Heading into Season Lows
THE OPEN November beans: 1 higher December meal: .20 higher December soyoil: 1 higher December corn: 1/4 higher September wheat: 3 lower The markets opened with short-covering in corn and beans. Profit-taking in oilshare was noted with beans stabilizing on a...
European Market Analysis
Regional News The biggest trends in the EU/Black Sea wheat markets this week are the fact that the Russian crop continues to grow while EU crop forecasts are being continually lowered. Russian wheat yields are defying their typical pattern of decreasing as harvest progresses. This year, e...
Mercosur Regional Analysis
Corn Argentina’s corn harvest is coming to an end, per the Buenos Aires Grain Exchange. The yield averaged 8.1 MT/ha and total production came in at 50 MMT. This is the first time that corn production exceeded soybeans in Argentina. This year’s harvest progress was also very quick,...
Technical Views - Lower Into Report
SPREADS Oct. crush to 94.02c/bu while oilshare is at 35.20%. Sep/Dec corn trades from a low of 13c into 11 1/2c on heavy volume. Dec/Dec corn trades from 38 3/4c from 40c carry. Sep/Nov beans trade from 1 3/4c out to 2 1/2c. Sep /Dec wheat trades from 7 3/4c out t...
AM Outlook - Sell the Story, Buy the Fact
GOOD MORNING, Prices were firmer overnight but have since turned lower. Wheat futures are lower with larger production out of Russia and Canada, as world supplies grow. Russian wheat prices are lower as new crop hits the market. Beans are weaker on more fund liquidation...
PM Post - Lighter and Rangebound
THE OPEN November beans: 2 lower December meal: .40 lower December soyoil: 14 lower December corn: 1 1/2 higher September wheat: 4 1/2 higher The markets opened as expected with more short-covering in grains and profit-taking in oilshare. Traders were unwindi...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA The government of Lebanon has said that while the Beirut grain silos were destroyed, there should be no shortage of grain as discharge of grain vessels will move to Tripoli port. The government adds that there is about 1.5 months whe...
Technical Views - Mixed Ahead of Report
SPREADS Sep/Dec corn spreads continue to have heavy volume, with nearly 80K traded Monday, and is trading from 12 1/4c to 12 1/2c today. The spread traded out to 13c before encountering short-covering activity. Short-covering was noted in corn yesterday, with September open interest...
AM Outlook - Prematurely Bearish Ahead of Report
GOOD MORNING, Prices are mixed this morning, with grains higher on short-covering. The massive wind storm that impacted the US, along with slightly lower corn crop ratings, has triggered more short-covering this morning. Wheat moves off its low of $4.90 as more of a sideways pattern...
Market Commentary
The CBOT was mixed with corn and soybeans higher on short-covering and fundamental support heading into Wednesday’s WASDE. End-users were net buyers in corn and funds covered some of their short position as well. Soybeans posted 4-6 cent gains as the market bounced from technical support...
WPI Crop Progress and Conditions App (Updated 10 August)
Update for 9 August 2020: The app contains a large volume of data, so please be patient while it loads. Also, if you have any feedback about the app, we're always appreciative of thoughtful suggestions! ...
Summary of Futures
Dec 20 Corn closed at $3.23/bushel, up $0.0225 from yesterday's close. Sep 20 Wheat closed at $4.91/bushel, down $0.045 from yesterday's close. Nov 20 Soybeans closed at $8.7325/bushel, up $0.0575 from yesterday's close. Dec 20 Soymeal closed at $289.6/short ton, up $2.8 from...
PM Post - Heading into Season Lows
THE OPEN November beans: 1 higher December meal: .20 higher December soyoil: 1 higher December corn: 1/4 higher September wheat: 3 lower The markets opened with short-covering in corn and beans. Profit-taking in oilshare was noted with beans stabilizing on a...
European Market Analysis
Regional News The biggest trends in the EU/Black Sea wheat markets this week are the fact that the Russian crop continues to grow while EU crop forecasts are being continually lowered. Russian wheat yields are defying their typical pattern of decreasing as harvest progresses. This year, e...
Mercosur Regional Analysis
Corn Argentina’s corn harvest is coming to an end, per the Buenos Aires Grain Exchange. The yield averaged 8.1 MT/ha and total production came in at 50 MMT. This is the first time that corn production exceeded soybeans in Argentina. This year’s harvest progress was also very quick,...
Technical Views - Lower Into Report
SPREADS Oct. crush to 94.02c/bu while oilshare is at 35.20%. Sep/Dec corn trades from a low of 13c into 11 1/2c on heavy volume. Dec/Dec corn trades from 38 3/4c from 40c carry. Sep/Nov beans trade from 1 3/4c out to 2 1/2c. Sep /Dec wheat trades from 7 3/4c out t...
AM Outlook - Sell the Story, Buy the Fact
GOOD MORNING, Prices were firmer overnight but have since turned lower. Wheat futures are lower with larger production out of Russia and Canada, as world supplies grow. Russian wheat prices are lower as new crop hits the market. Beans are weaker on more fund liquidation...