World Perspectives

Soy & Oilseeds Recent Soy & Oilseeds Analysis

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8175/bushel, up $0.0175 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0 from yesterday's close.  Mar 19 Soybeans closed at $9.1675/bushel, up $0.09 from yesterday's close.  Mar 19 Soymeal closed at $315.1/short ton, up $2.9 from yest...

feed-grains soy-oilseeds wheat

Market Commentary

Markets had some follow-through overnight from yesterday’s good gains. Wheat and soybeans were up 3-4 cents with corn fractionally higher. None of that enthusiasm was present today in either of those markets, though. Meanwhile, soybean futures made a run at double-digit gains before closi...

wheat feed-grains soy-oilseeds

Indian Subcontinent Regional Analysis

Rabi Sowing Down As of 18 January 2019, the total rabi planted area was down 4.8 percent versus 2017/18. While wheat is among the crops affected, pulses and coarse cereals, most especially pearl millet, are down significantly (see table below). The overal oilseed area has been good, however, as...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices were mildly firmer overnight, based mostly on forecasts that the adverse South American weather conditions would persist at least through January. Otherwise, inputs were lacking, however, and trading was uninspired. The overnight trade gave no hint of the rally that took of...

soy-oilseeds

South American Soybeans and Weather

In these days of the USDA blackout, the soybean market is left to focus on the prospects from U.S. China trade negotiations and South American weather. Of course, this situation would not change much if USDA were back in business as those would remain the key issues, but its final U.S. soybean...

soy-oilseeds biofuel

Oilseed Highlights: Malaysian Biodiesel; Soymeal and DDGS; Argentine Soy Crushers; Pakistan and Cargill

Malaysia to Double Use of Palm-Based Biodiesel The glut and low prices of palm oil have caused the government of Malaysia to double the blending requirement for biodiesel with diesel from the current 10 percent to 20 percent by 2020, according to Minister of Primary Industries Teresa Kok. Oil W...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8/bushel, up $0.06 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0.0525 from yesterday's close.  Mar 19 Soybeans closed at $9.0775/bushel, up $0.1325 from yesterday's close.  Mar 19 Soymeal closed at $312.2/short ton, up $2.1 from ye...

soy-oilseeds feed-grains wheat

Closing Bell Wrap-Up: CBOT Starts Slow, Scrambles to Exciting Finish

Morning price action at the CBOT was firm but mostly boring. That all changed around midday, however, as rumors of export sales, combined with headlines that Argentina’s soybean crop will be smaller than expected, sparked a large (by today’s standards) rally in the grains. Soybeans...

feed-grains soy-oilseeds wheat

Market Commentary

The missing USDA reports due to the government shutdown receive all of the attention, but the Commodity Futures Trading Commission’s (CFTC’s) weekly Commitment of Traders (COT) report is among the missing as well. The last one was issued on 21 December with futures position data of...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 8-11 January 2019 All domestic grain prices (except for milling rye) rose in RUB expression, but the growth in USD expression was significant due to the strengthening ruble. Meanwhile, the average milling wheat export price increased $2/MT to $240/MT FOB Black Sea, while...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.74/bushel, up $0.0275 from yesterday's close.  Mar 19 Wheat closed at $5.125/bushel, up $0.015 from yesterday's close.  Mar 19 Soybeans closed at $8.945/bushel, up $0.0125 from yesterday's close.  Mar 19 Soymeal closed at $310.1/short ton, up $0.8 from ye...

livestock feed-grains wheat

Closing Bell Wrap-Up: Hogs Crash and Burn, Cattle Rally

CBOT prices were higher today after yesterday’s selloff. There was little fundamental reason for the move, except that traders must have sold what they wanted yesterday, leaving buyers to gain a slight advantage. Commercial purchases of “cheap” corn and soybeans was notable, a...

soy-oilseeds feed-grains

China In-Country Analysis

Oilseeds Sharp Correction in Soymeal Inventory With China’s soybean imports down sharply last month versus December 2017, the nationwide estimated soymeal inventory fell substantially last week as sales activity ramped up to prepare for the Chinese New Year. As of 11 January, that invento...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets tried to generate a “Turnaround Tuesday” during the overnight session but struggled to hold on to minor gains. This difficulty was a signal that Tuesday might be a tough day for the markets, and so it was. Markets assume that China has purchased 5 MMT of soybea...

soy-oilseeds softs energy

Brainstorming without USDA

It takes something like the current partial shutdown of the U.S. government to make those involved with agricultural markets realize how much we depend on the stream of data from USDA. The regularity of things like export sales reports, livestock reports, and estimates of production, supplies a...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.7125/bushel, down $0.0725 from yesterday's close.  Mar 19 Wheat closed at $5.11/bushel, down $0.0325 from yesterday's close.  Mar 19 Soybeans closed at $8.9325/bushel, down $0.1025 from yesterday's close.  Mar 19 Soymeal closed at $309.3/short ton, down $...

feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Corn Breaks Important Technical Mark

Corn and soybeans plunged today on news from USTR Lighthizer that the U.S. and China made little progress on trade talks. The market had previously been encouraged by rumors of ag and energy purchases, including crude oil and DDGS, that theoretically signaled China’s increasing willingnes...

soy-oilseeds

Oilseed Highlights: U.S. Soybean Inspections; China’s Soybean Imports; South American Weather; NOPA Crush

Higher Soybean Inspections Last Week but Not Many for China Yesterday’s USDA export inspections report indicated 1,085,251 MT of soybeans were inspected in the week ending 10 January. That was up 59 percent from 682,029 MT the previous week but down from 1,244,979 MT in the same week of 2...

feed-grains soy-oilseeds wheat

Market Commentary

Wheat and soybean futures were lower overnight, and they stuck to that pattern through the day with soybeans opening with steeper losses. Meanwhile, corn was steady during the night session and finished today fractionally higher after posting 2-3 cent gains in the first half hour. The U.S. gove...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.785/bushel, up $0.0025 from yesterday's close.  Mar 19 Wheat closed at $5.1425/bushel, down $0.0525 from yesterday's close.  Mar 19 Soybeans closed at $9.035/bushel, down $0.0675 from yesterday's close.  Mar 19 Soymeal closed at $311.8/short ton, down $2...

soy-oilseeds

Bearish Soybean Outlook for MY 2019/20

.S. soybean supplies at the end of MY 2019/20 could exceed a record 1 billion bushels. However, the following factors could change that outlook: A steep reduction in U.S. plantings coupled with a yield problem A continuation and worsening of the dry weather across Brazil A quick end to the Chi...

feed-grains wheat soy-oilseeds

Smile! Options Market Reflects Bullish Corn Sentiment

Today’s trading in corn futures and options reflects the increasingly bullish sentiments held by traders. Similarly, despite wheat futures’ recent history of range-bound trading, options traders foresee more upside potential than downside risk with futures prices near their recent &...

soy-oilseeds wheat feed-grains

Mercosur Regional Analysis

Soybeans Brazil The soybean market remains slow. With China very quiet and Brazil currently cheaper than U.S. Gulf, basis continues to fall. The only movement has been for spot positions with the market turning into a carry structure for January onward. Last week there were rumors of a trade at...

feed-grains wheat soy-oilseeds

Summary of Futures

Mar 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close.  Mar 19 Wheat closed at $5.195/bushel, up $0.0575 from yesterday's close.  Mar 19 Soybeans closed at $9.1025/bushel, up $0.035 from yesterday's close.  Mar 19 Soymeal closed at $314.6/short ton, down $2.2 from...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8175/bushel, up $0.0175 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0 from yesterday's close.  Mar 19 Soybeans closed at $9.1675/bushel, up $0.09 from yesterday's close.  Mar 19 Soymeal closed at $315.1/short ton, up $2.9 from yest...

feed-grains soy-oilseeds wheat

Market Commentary

Markets had some follow-through overnight from yesterday’s good gains. Wheat and soybeans were up 3-4 cents with corn fractionally higher. None of that enthusiasm was present today in either of those markets, though. Meanwhile, soybean futures made a run at double-digit gains before closi...

wheat feed-grains soy-oilseeds

Indian Subcontinent Regional Analysis

Rabi Sowing Down As of 18 January 2019, the total rabi planted area was down 4.8 percent versus 2017/18. While wheat is among the crops affected, pulses and coarse cereals, most especially pearl millet, are down significantly (see table below). The overal oilseed area has been good, however, as...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices were mildly firmer overnight, based mostly on forecasts that the adverse South American weather conditions would persist at least through January. Otherwise, inputs were lacking, however, and trading was uninspired. The overnight trade gave no hint of the rally that took of...

soy-oilseeds

South American Soybeans and Weather

In these days of the USDA blackout, the soybean market is left to focus on the prospects from U.S. China trade negotiations and South American weather. Of course, this situation would not change much if USDA were back in business as those would remain the key issues, but its final U.S. soybean...

soy-oilseeds biofuel

Oilseed Highlights: Malaysian Biodiesel; Soymeal and DDGS; Argentine Soy Crushers; Pakistan and Cargill

Malaysia to Double Use of Palm-Based Biodiesel The glut and low prices of palm oil have caused the government of Malaysia to double the blending requirement for biodiesel with diesel from the current 10 percent to 20 percent by 2020, according to Minister of Primary Industries Teresa Kok. Oil W...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8/bushel, up $0.06 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0.0525 from yesterday's close.  Mar 19 Soybeans closed at $9.0775/bushel, up $0.1325 from yesterday's close.  Mar 19 Soymeal closed at $312.2/short ton, up $2.1 from ye...

soy-oilseeds feed-grains wheat

Closing Bell Wrap-Up: CBOT Starts Slow, Scrambles to Exciting Finish

Morning price action at the CBOT was firm but mostly boring. That all changed around midday, however, as rumors of export sales, combined with headlines that Argentina’s soybean crop will be smaller than expected, sparked a large (by today’s standards) rally in the grains. Soybeans...

feed-grains soy-oilseeds wheat

Market Commentary

The missing USDA reports due to the government shutdown receive all of the attention, but the Commodity Futures Trading Commission’s (CFTC’s) weekly Commitment of Traders (COT) report is among the missing as well. The last one was issued on 21 December with futures position data of...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 8-11 January 2019 All domestic grain prices (except for milling rye) rose in RUB expression, but the growth in USD expression was significant due to the strengthening ruble. Meanwhile, the average milling wheat export price increased $2/MT to $240/MT FOB Black Sea, while...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.74/bushel, up $0.0275 from yesterday's close.  Mar 19 Wheat closed at $5.125/bushel, up $0.015 from yesterday's close.  Mar 19 Soybeans closed at $8.945/bushel, up $0.0125 from yesterday's close.  Mar 19 Soymeal closed at $310.1/short ton, up $0.8 from ye...

livestock feed-grains wheat

Closing Bell Wrap-Up: Hogs Crash and Burn, Cattle Rally

CBOT prices were higher today after yesterday’s selloff. There was little fundamental reason for the move, except that traders must have sold what they wanted yesterday, leaving buyers to gain a slight advantage. Commercial purchases of “cheap” corn and soybeans was notable, a...

soy-oilseeds feed-grains

China In-Country Analysis

Oilseeds Sharp Correction in Soymeal Inventory With China’s soybean imports down sharply last month versus December 2017, the nationwide estimated soymeal inventory fell substantially last week as sales activity ramped up to prepare for the Chinese New Year. As of 11 January, that invento...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets tried to generate a “Turnaround Tuesday” during the overnight session but struggled to hold on to minor gains. This difficulty was a signal that Tuesday might be a tough day for the markets, and so it was. Markets assume that China has purchased 5 MMT of soybea...

soy-oilseeds softs energy

Brainstorming without USDA

It takes something like the current partial shutdown of the U.S. government to make those involved with agricultural markets realize how much we depend on the stream of data from USDA. The regularity of things like export sales reports, livestock reports, and estimates of production, supplies a...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.7125/bushel, down $0.0725 from yesterday's close.  Mar 19 Wheat closed at $5.11/bushel, down $0.0325 from yesterday's close.  Mar 19 Soybeans closed at $8.9325/bushel, down $0.1025 from yesterday's close.  Mar 19 Soymeal closed at $309.3/short ton, down $...

feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Corn Breaks Important Technical Mark

Corn and soybeans plunged today on news from USTR Lighthizer that the U.S. and China made little progress on trade talks. The market had previously been encouraged by rumors of ag and energy purchases, including crude oil and DDGS, that theoretically signaled China’s increasing willingnes...

soy-oilseeds

Oilseed Highlights: U.S. Soybean Inspections; China’s Soybean Imports; South American Weather; NOPA Crush

Higher Soybean Inspections Last Week but Not Many for China Yesterday’s USDA export inspections report indicated 1,085,251 MT of soybeans were inspected in the week ending 10 January. That was up 59 percent from 682,029 MT the previous week but down from 1,244,979 MT in the same week of 2...

feed-grains soy-oilseeds wheat

Market Commentary

Wheat and soybean futures were lower overnight, and they stuck to that pattern through the day with soybeans opening with steeper losses. Meanwhile, corn was steady during the night session and finished today fractionally higher after posting 2-3 cent gains in the first half hour. The U.S. gove...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.785/bushel, up $0.0025 from yesterday's close.  Mar 19 Wheat closed at $5.1425/bushel, down $0.0525 from yesterday's close.  Mar 19 Soybeans closed at $9.035/bushel, down $0.0675 from yesterday's close.  Mar 19 Soymeal closed at $311.8/short ton, down $2...

soy-oilseeds

Bearish Soybean Outlook for MY 2019/20

.S. soybean supplies at the end of MY 2019/20 could exceed a record 1 billion bushels. However, the following factors could change that outlook: A steep reduction in U.S. plantings coupled with a yield problem A continuation and worsening of the dry weather across Brazil A quick end to the Chi...

feed-grains wheat soy-oilseeds

Smile! Options Market Reflects Bullish Corn Sentiment

Today’s trading in corn futures and options reflects the increasingly bullish sentiments held by traders. Similarly, despite wheat futures’ recent history of range-bound trading, options traders foresee more upside potential than downside risk with futures prices near their recent &...

soy-oilseeds wheat feed-grains

Mercosur Regional Analysis

Soybeans Brazil The soybean market remains slow. With China very quiet and Brazil currently cheaper than U.S. Gulf, basis continues to fall. The only movement has been for spot positions with the market turning into a carry structure for January onward. Last week there were rumors of a trade at...

feed-grains wheat soy-oilseeds

Summary of Futures

Mar 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close.  Mar 19 Wheat closed at $5.195/bushel, up $0.0575 from yesterday's close.  Mar 19 Soybeans closed at $9.1025/bushel, up $0.035 from yesterday's close.  Mar 19 Soymeal closed at $314.6/short ton, down $2.2 from...

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