World Perspectives

Soy & Oilseeds Recent Soy & Oilseeds Analysis

feed-grains soy-oilseeds wheat

Technical Views - Risk On

SPREADS March crush trades top 1.08c/bu while oilshare moves into steady territory from lower at 33.70%.   Bean spreads are still wide with Jan/March trading from 14 1/4c out to 15 1/4c.  March/May beans trades from 14 1/4c to 14 3/4c.   March/May meal narrows into $2.6...

feed-grains soy-oilseeds wheat

AM Outlook - Looking for Cover

GOOD MORNING, The rising soy complex on Thursday was led by meal, which rebounded on technical consideration and news that Argentina's largest meal exporter, Vicentin, was in financial distress and having payment restructuring issues.  This company is Argentina's number one exporter of soy...

feed-grains soy-oilseeds wheat

Market Commentary

It was a mixed day with most of the volume and bullishness occurring in the soy complex as grains counted their losses. It didn’t help that export sales were underwhelming, and some bears are now holding out hope for a so-called Santa Clause rally to end the year on a cheerier note. Actua...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.7675/bushel, down $0.0175 from yesterday's close.  Mar 20 Wheat closed at $5.2375/bushel, down $0.0375 from yesterday's close.  Jan 20 Soybeans closed at $8.8425/bushel, up $0.0625 from yesterday's close.  Jan 20 Soymeal closed at $301.5/short ton, up $4...

soy-oilseeds

Oilseed Highlights: Export Sales Down; Future of Soy Moratorium

U.S. Soybean Export Sales Down Sharply Last Week Today’s USDA export sales report indicated exporters were far less successful selling U.S. soybeans for export in the week ending 28 November than in previous weeks. Net export sales totaled 683,800 MT. That was a decline of 59 percent from...

feed-grains soy-oilseeds wheat

PM Post - Soy the Star

THE OPEN Jan beans:  4 3/4 higher Jan meal:  1.50 higher Jan soyoil:  21 higher March corn:  3/4 lower March wheat:  1/4 higher The markets opened higher in the soy complex as shorts took the opportunity to cover beans and meal.  Meal prices led the way in terms of...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 228,100 metric tons for 2019/2020 were down 63 percent from the previous week and 45 percent from the prior 4-week average. Corn:  Net sales of 546,100 metric tons for 2019/2020 were down 32 percent from the previous week and 18 percent from the prior 4-week avera...

feed-grains soy-oilseeds wheat

Technical Views - Some Testing, Some Rallies

SPREADS March crush firms to 1.06c/bu while oilshare trades back over 34.0% to 34.11%.   Dec/March continues to widen trading back out to 9 3/4c. March/May corn trades from 5 1/2c to 6c.   March wheat/corn trades form 1.49c up to 1.51 1/2c.  Jan/March beans still a fair...

feed-grains soy-oilseeds wheat

AM Outlook - Mixed

GOOD MORNING, Corn prices were mixed yesterday but all other markets put in better trade, each for different reasons.  Corn struggled as new deliveries hit the market along with an ethanol stocks build.  Despite the weaker technical trade, corn appears to be heading into a sideways ra...

feed-grains soy-oilseeds wheat

Possible Bullish Scenarios

It has been easy to be bearish on grain and soybean prices so far during the 2019/2020 crop cycle. In fact, it has been easy to be bearish during the last several crop cycles. The U.S. has seen several years of big corn crops, but so have South America and the Black Sea region. Competition for...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.785/bushel, down $0.0275 from yesterday's close.  Mar 20 Wheat closed at $5.275/bushel, up $0.0225 from yesterday's close.  Jan 20 Soybeans closed at $8.78/bushel, up $0.07 from yesterday's close.  Jan 20 Soymeal closed at $296.7/short ton, up $2 from yes...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened with continued soy complex short covering that led to buy soybeans/sell corn/wheat spread trades. News that a U.S.-China trade deal could be negotiated before the 15 December tariff deadline was viewed as bullish commodities, as was news of a U.S.-Japan trade deal. Funds were ac...

soy-oilseeds

Oilseed Competition

Olive oil remains the higher priced among the major vegetable oils. In fact, while the relative traded values of oils from rapeseed, palm and soybeans tend to move in tandem, olive oil stands out on its own for the premium it receives from the marketplace.  However, weather and agronomic f...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 24-29 November 2019 Russian grain prices fluctuated but didn’t change significantly. Wheat prices in Siberia decreased moderately as demand from Kazakhstan weakened. As for export prices, the average milling wheat price grew to $210/MT FOB Black Sea. Purchase prices...

feed-grains soy-oilseeds wheat

PM Post - Sideways but Vulnerable

THE OPEN Jan beans:  6 1/4 higher Jan meal;  .80 higher Jan soyoil:  15 higher March corn: 1 higher March wheat:  3 1/4 higher The market opened as called with more short-covering activity in the soy complex that set the tone for a buy bean/sell corn spread trade.  The...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Live Hog Price Down 2 Percent, White Feather Broiler Rises By 11 Percent After peaking at RMB 40.28/kg ($5.73/kg) or RMB 18.27/lb. ($2.60/lb.) at the end of October, the national average live hog price has fallen for five straight weeks. Ending last week at RMB 31.61/kg ($4.50/kg) or...

feed-grains soy-oilseeds wheat

Technical Views - Calls Versus Overall Trends

SPREADS March crush firmed to 1.04c/bu while oilshare is steady at 33.86%.  Jan/March beans trades from 14 1/2c to 14 3/4.  March/May meal trades from $3.20 to $3.30.   Dec/March corn trades back out to 9 1/2c from 9c, and values that were into 8c.  March/May corn widen...

feed-grains soy-oilseeds wheat

AM Outlook - Upward Calls

GOOD MORNING, Prices performed well yesterday considering the negative comments for trade negotiations, as Trump states that talks with China may extend well into 2020.  Not taking it lightly was the stock market, as the Dow dove over 400 pts. but came back for a close that was not as bad...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened with funds unwinding spreads, sending corn higher versus wheat while the soy complex was steady. Mid-day trade featured a defensive tone after trade war comments from President Trump, but the market regained some of its strength (except for wheat) by the close. The recent sellof...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.8125/bushel, down $0.0075 from yesterday's close.  Mar 20 Wheat closed at $5.2525/bushel, down $0.1 from yesterday's close.  Jan 20 Soybeans closed at $8.71/bushel, up $0.005 from yesterday's close.  Jan 20 Soymeal closed at $294.7/short ton, up $1.2 from...

feed-grains soy-oilseeds wheat

PM Post - Searching for the Bottom

THE OPEN Jan beans:  1 3/4 higher Jan meal:  1.00 higher Jan soyoil:  3 higher March corn:  1 lower March wheat:  3 higher Prices opened as expected with more unwinding of recent spreads.  Corn gained on wheat and beans, oilshare was steady, and in the macro space...

feed-grains soy-oilseeds wheat

Technical Views - Testing Bottoms

SPREADS March crush trades to 1.03c/bu while oilshare moves to 33.85%.   March/May beans trades into contract lows of 15 1/2c, which is 66% of fully carry.  Dec/March corn trades into 8c vs. 8 1/2c while March/May corn trades from 4 1/4c to 4 3/4c.  March/May meal trades fro...

feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Saudi Arabia’s purchases of farmlands in Australia is causing considerable national concern. According to Australian information, about 13 percent of all farmland is foreign owned. One problem that has come to light is that there seems t...

feed-grains soy-oilseeds wheat

AM Outlook - Its Complicated

GOOD MORNING, The major trends are shifting a bit, as traders continue to buy grains/sell soy, the opposite of the trend over the last several months.  Good growing weather in South America is adding to supply pressure, even as more trade rhetoric turns negative.  There are concerns o...

feed-grains soy-oilseeds wheat

Technical Views - Risk On

SPREADS March crush trades top 1.08c/bu while oilshare moves into steady territory from lower at 33.70%.   Bean spreads are still wide with Jan/March trading from 14 1/4c out to 15 1/4c.  March/May beans trades from 14 1/4c to 14 3/4c.   March/May meal narrows into $2.6...

feed-grains soy-oilseeds wheat

AM Outlook - Looking for Cover

GOOD MORNING, The rising soy complex on Thursday was led by meal, which rebounded on technical consideration and news that Argentina's largest meal exporter, Vicentin, was in financial distress and having payment restructuring issues.  This company is Argentina's number one exporter of soy...

feed-grains soy-oilseeds wheat

Market Commentary

It was a mixed day with most of the volume and bullishness occurring in the soy complex as grains counted their losses. It didn’t help that export sales were underwhelming, and some bears are now holding out hope for a so-called Santa Clause rally to end the year on a cheerier note. Actua...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.7675/bushel, down $0.0175 from yesterday's close.  Mar 20 Wheat closed at $5.2375/bushel, down $0.0375 from yesterday's close.  Jan 20 Soybeans closed at $8.8425/bushel, up $0.0625 from yesterday's close.  Jan 20 Soymeal closed at $301.5/short ton, up $4...

soy-oilseeds

Oilseed Highlights: Export Sales Down; Future of Soy Moratorium

U.S. Soybean Export Sales Down Sharply Last Week Today’s USDA export sales report indicated exporters were far less successful selling U.S. soybeans for export in the week ending 28 November than in previous weeks. Net export sales totaled 683,800 MT. That was a decline of 59 percent from...

feed-grains soy-oilseeds wheat

PM Post - Soy the Star

THE OPEN Jan beans:  4 3/4 higher Jan meal:  1.50 higher Jan soyoil:  21 higher March corn:  3/4 lower March wheat:  1/4 higher The markets opened higher in the soy complex as shorts took the opportunity to cover beans and meal.  Meal prices led the way in terms of...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 228,100 metric tons for 2019/2020 were down 63 percent from the previous week and 45 percent from the prior 4-week average. Corn:  Net sales of 546,100 metric tons for 2019/2020 were down 32 percent from the previous week and 18 percent from the prior 4-week avera...

feed-grains soy-oilseeds wheat

Technical Views - Some Testing, Some Rallies

SPREADS March crush firms to 1.06c/bu while oilshare trades back over 34.0% to 34.11%.   Dec/March continues to widen trading back out to 9 3/4c. March/May corn trades from 5 1/2c to 6c.   March wheat/corn trades form 1.49c up to 1.51 1/2c.  Jan/March beans still a fair...

feed-grains soy-oilseeds wheat

AM Outlook - Mixed

GOOD MORNING, Corn prices were mixed yesterday but all other markets put in better trade, each for different reasons.  Corn struggled as new deliveries hit the market along with an ethanol stocks build.  Despite the weaker technical trade, corn appears to be heading into a sideways ra...

feed-grains soy-oilseeds wheat

Possible Bullish Scenarios

It has been easy to be bearish on grain and soybean prices so far during the 2019/2020 crop cycle. In fact, it has been easy to be bearish during the last several crop cycles. The U.S. has seen several years of big corn crops, but so have South America and the Black Sea region. Competition for...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.785/bushel, down $0.0275 from yesterday's close.  Mar 20 Wheat closed at $5.275/bushel, up $0.0225 from yesterday's close.  Jan 20 Soybeans closed at $8.78/bushel, up $0.07 from yesterday's close.  Jan 20 Soymeal closed at $296.7/short ton, up $2 from yes...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened with continued soy complex short covering that led to buy soybeans/sell corn/wheat spread trades. News that a U.S.-China trade deal could be negotiated before the 15 December tariff deadline was viewed as bullish commodities, as was news of a U.S.-Japan trade deal. Funds were ac...

soy-oilseeds

Oilseed Competition

Olive oil remains the higher priced among the major vegetable oils. In fact, while the relative traded values of oils from rapeseed, palm and soybeans tend to move in tandem, olive oil stands out on its own for the premium it receives from the marketplace.  However, weather and agronomic f...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 24-29 November 2019 Russian grain prices fluctuated but didn’t change significantly. Wheat prices in Siberia decreased moderately as demand from Kazakhstan weakened. As for export prices, the average milling wheat price grew to $210/MT FOB Black Sea. Purchase prices...

feed-grains soy-oilseeds wheat

PM Post - Sideways but Vulnerable

THE OPEN Jan beans:  6 1/4 higher Jan meal;  .80 higher Jan soyoil:  15 higher March corn: 1 higher March wheat:  3 1/4 higher The market opened as called with more short-covering activity in the soy complex that set the tone for a buy bean/sell corn spread trade.  The...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Live Hog Price Down 2 Percent, White Feather Broiler Rises By 11 Percent After peaking at RMB 40.28/kg ($5.73/kg) or RMB 18.27/lb. ($2.60/lb.) at the end of October, the national average live hog price has fallen for five straight weeks. Ending last week at RMB 31.61/kg ($4.50/kg) or...

feed-grains soy-oilseeds wheat

Technical Views - Calls Versus Overall Trends

SPREADS March crush firmed to 1.04c/bu while oilshare is steady at 33.86%.  Jan/March beans trades from 14 1/2c to 14 3/4.  March/May meal trades from $3.20 to $3.30.   Dec/March corn trades back out to 9 1/2c from 9c, and values that were into 8c.  March/May corn widen...

feed-grains soy-oilseeds wheat

AM Outlook - Upward Calls

GOOD MORNING, Prices performed well yesterday considering the negative comments for trade negotiations, as Trump states that talks with China may extend well into 2020.  Not taking it lightly was the stock market, as the Dow dove over 400 pts. but came back for a close that was not as bad...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened with funds unwinding spreads, sending corn higher versus wheat while the soy complex was steady. Mid-day trade featured a defensive tone after trade war comments from President Trump, but the market regained some of its strength (except for wheat) by the close. The recent sellof...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.8125/bushel, down $0.0075 from yesterday's close.  Mar 20 Wheat closed at $5.2525/bushel, down $0.1 from yesterday's close.  Jan 20 Soybeans closed at $8.71/bushel, up $0.005 from yesterday's close.  Jan 20 Soymeal closed at $294.7/short ton, up $1.2 from...

feed-grains soy-oilseeds wheat

PM Post - Searching for the Bottom

THE OPEN Jan beans:  1 3/4 higher Jan meal:  1.00 higher Jan soyoil:  3 higher March corn:  1 lower March wheat:  3 higher Prices opened as expected with more unwinding of recent spreads.  Corn gained on wheat and beans, oilshare was steady, and in the macro space...

feed-grains soy-oilseeds wheat

Technical Views - Testing Bottoms

SPREADS March crush trades to 1.03c/bu while oilshare moves to 33.85%.   March/May beans trades into contract lows of 15 1/2c, which is 66% of fully carry.  Dec/March corn trades into 8c vs. 8 1/2c while March/May corn trades from 4 1/4c to 4 3/4c.  March/May meal trades fro...

feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Saudi Arabia’s purchases of farmlands in Australia is causing considerable national concern. According to Australian information, about 13 percent of all farmland is foreign owned. One problem that has come to light is that there seems t...

feed-grains soy-oilseeds wheat

AM Outlook - Its Complicated

GOOD MORNING, The major trends are shifting a bit, as traders continue to buy grains/sell soy, the opposite of the trend over the last several months.  Good growing weather in South America is adding to supply pressure, even as more trade rhetoric turns negative.  There are concerns o...

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