World Perspectives

Soy & Oilseeds Recent Soy & Oilseeds Analysis

feed-grains soy-oilseeds wheat

AM Outlook - Buying the Open

GOOD MORNING, The charts continue to throw off bullish technical signals, so the funds are buying the open and running with it.  The continuing reports of Chinese business has its corollary year based in 2016, also a very big bean buying year that saw the bean/corn ratio strengthen through...

feed-grains soy-oilseeds wheat

Technical Views - Technically Higher

SPREADS Dec crush trades to 92.15c/bu while oilshare trades to 34.24%.  Dec/March corn trades to 8 1/4c from 8 3/4c, while Dec/Dec narrows to 11 1/2c from 15c.  Nov/Jan beans trades back into 2 3/4c from 3 3/4c, while Jan/March inverts to 9 1/2c from 7c.  Dec wheat/corn trades fr...

feed-grains soy-oilseeds wheat

Market Commentary: Gambling on China

The market has been on a tear and it is all based on current demand from China and speculation that it will continue. Current demand prompts news articles about U.S. infrastructure capacity to service it, prospective future demand has funds lined up to go longer. The fundamentals leave us quest...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.7525/bushel, up $0.035 from yesterday's close.  Dec 20 Wheat closed at $5.5625/bushel, up $0.1425 from yesterday's close.  Nov 20 Soybeans closed at $10.285/bushel, up $0.1725 from yesterday's close.  Dec 20 Soymeal closed at $335.3/short ton, up $9.6 fro...

soy-oilseeds

Oilseed Highlights: Changing China’s Planting Priorities; August Soy Crush Report; U.S. Soy Sales

China Urged to Prioritize Corn, Wheat and Rice Production Over Soybean Production Speakers at this year’s China Soybean Industry International Summit Forum urged the government of China to stop prioritizing the plantings of soybeans to supply the animal food market and instead allow more...

feed-grains soy-oilseeds wheat

PM Post - Still No Reversal

THE OPEN November beans:  2 1/4 lower December meal:  .40 lower December soyoil:  3 lower December corn:  1 14/ lower December wheat:  1 3/4 lower The markets opened as called and jumped either side of even with beans and corn supported by good export sales and more bus...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Net sales of 335,700 metric tons (MT) for 2020/2021 were down 31 percent from the previous week and 42 percent from the prior 4-week average. Corn:  Net sales of 1,609,200 MT for 2020/2021 were primarily for unknown destinations (360,200 MT), China (359,700 MT, including 140,0...

feed-grains soy-oilseeds wheat

AM Outlook - Lower Open on Profit-taking

GOOD MORNING, Prices were stronger with beans rallying higher as more rumors of Chinese business hit the wires.  The outlook for China's bean and corn imports continues to be friendly for prices, particularly since China's production outlook was lowered due to multiple typhoons impacting c...

feed-grains soy-oilseeds wheat

Technical Views - Market Support

SPREADS Dec crush trades to 88.99c/bu while oilshare trades to 34.91%.  Dec/Dec corn trades from 16 1/2c back out to 18 3/4c.  Dec/March corn trades from 8 3/4c to 9 1/4c.  Nov/Jan bean spread trades from 3 3/4c to 4 1/2c.  Dec/March meal from $1.10 out to $2.00.  Dec w...

feed-grains soy-oilseeds

More Questions for Grain Markets

Grain and soy futures markets often pose more questions than answers. In terms of trade volume and volatility that is a good thing since it is questions not answers that fuel markets. In that sense last week’s WASDE answered a few questions at least temporarily but raised many more. USDA&...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Chinese Buying (again); Historic Soybean Spreads

The CBOT drifted lower overnight with corn and soybeans testing technical support. That weakness was short-lived in soybeans, however, as rumors of Chinese purchases helped the market firm heading into the morning’s opening bell. The day session corn, soybeans and wheat jump higher at the...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.7175/bushel, up $0.0575 from yesterday's close.  Dec 20 Wheat closed at $5.42/bushel, up $0.0375 from yesterday's close.  Nov 20 Soybeans closed at $10.1125/bushel, up $0.1975 from yesterday's close.  Dec 20 Soymeal closed at $325.7/short ton, up $6.5 fro...

feed-grains soy-oilseeds wheat

PM Post - Bull Run Continues

  THE OPEN November beans:  6 1/2 higher December meal;  3.90 higher December soyoil:  15 higher December corn:  1 higher December wheat:  1 1/2 lower The markets turned higher after the start of the trading session with beans in the lead again.  December soyo...

feed-grains soy-oilseeds wheat

China In-Country Analysis

Livestock China Furthers Stimulates Live Hog Production and Risks Grow China’s Ministry of Agriculture and Rural Affairs (MARA) recently announced an increase in the central government’s direct subsidy to major live hog production counties. The new policy will increase the annual am...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 7-11 September 2020 Domestic Russian market wheat and barley prices mainly grew due to export demand. Corn prices were stable in the regions where the old harvested corn was sold and decreased in the regions that started quoting prices for 2020 corn. Export milling wheat...

feed-grains soy-oilseeds wheat

AM Outlook - Good Bull Markets Take Breaks

GOOD MORNING,  Funds were net sellers across the board yesterday on overbought concerns and the fact that for once beans could not turn the rally back to new contract highs.  But all good bull markets need and deserve a break. Funds sold modest amounts across the board, not challengin...

feed-grains soy-oilseeds wheat

Technical Views - Mixed Day

SPREADS Dec crush trades to 89.25c/bu while oilshare trades lower down to 34.66%.  Dec/Dec corn trades slightly weaker from 20 1/2c to 22 1/4c, while Dec/March narrows into 9 1/2c from 10c.  Nov/Jan beans trade from 4c to 4 3/4c after firming into 2 1/2c.  Dec/March meal trades f...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Turns Lower with Harvest Looming

Now halfway through the month of September, the CBOT is looking like the rally is ending, or at least on pause for a while. Row crops and wheat were lower as the focus turns to the large U.S. harvest and overbought technical conditions. The U.S. corn harvest is starting and early yield results...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.66/bushel, down $0.035 from yesterday's close.  Dec 20 Wheat closed at $5.3825/bushel, down $0.075 from yesterday's close.  Nov 20 Soybeans closed at $9.915/bushel, down $0.08 from yesterday's close.  Dec 20 Soymeal closed at $319.2/short ton, down $2.8 f...

feed-grains soy-oilseeds wheat

PM Post - Appropriate Corrections

THE OPEN Nov beans:  2 3/4 higher Dec meal:  .30 higher Dec soyoil:  40 higher Dec corn:  1 1/2 lower Dec wheat:  4 3/4 lower The markets opened as called but the expectation for increased harvest and overbought markets sent prices into a badly needed round of profit-ta...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt intends to have a commodity exchange in place for the first half of 2021. The exchange will trade wheat, vegetable oils, rice, and sugar. Invested capital will be close to $6 million. Delivery points will be set at specific governmen...

feed-grains soy-oilseeds wheat

AM Outlook - Still Firm

GOOD MORNING, Prices continue to remain well bid with no reversal signals in sight.  China continues to be around the market, Black Sea vegoil values are rising, and dryness in various parts of the world continue to add to worries over production.  Funds continue to own the market in...

feed-grains soy-oilseeds wheat

Technical Views - Give and Take

SPREADS November crush trades to 74.68c/bu while oilshare is slightly over 35.0% to 35.12%.  Dec/Dec corn trades from 19 1/2c to 20 1/2c, while Dec/March trades from 9 1/4c to 9 1/2c.  Nov/Jan beans trade out to 4 1/2c from 3 1/2c, while the Jan/March inverse trades weaker from 1 3/4c...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies Again; WPI 2020 S&D; Beef Turning Bullish

The CBOT was mostly higher to start the week with soybeans and soyoil extending their rallies. Corn and wheat were firmer but posted a relatively lackluster day of trading. Soyoil reversed course and fell lower under pressure from long profit taking and bull soyoil/soymeal spreads. Cattle futur...

feed-grains soy-oilseeds wheat

AM Outlook - Buying the Open

GOOD MORNING, The charts continue to throw off bullish technical signals, so the funds are buying the open and running with it.  The continuing reports of Chinese business has its corollary year based in 2016, also a very big bean buying year that saw the bean/corn ratio strengthen through...

feed-grains soy-oilseeds wheat

Technical Views - Technically Higher

SPREADS Dec crush trades to 92.15c/bu while oilshare trades to 34.24%.  Dec/March corn trades to 8 1/4c from 8 3/4c, while Dec/Dec narrows to 11 1/2c from 15c.  Nov/Jan beans trades back into 2 3/4c from 3 3/4c, while Jan/March inverts to 9 1/2c from 7c.  Dec wheat/corn trades fr...

feed-grains soy-oilseeds wheat

Market Commentary: Gambling on China

The market has been on a tear and it is all based on current demand from China and speculation that it will continue. Current demand prompts news articles about U.S. infrastructure capacity to service it, prospective future demand has funds lined up to go longer. The fundamentals leave us quest...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.7525/bushel, up $0.035 from yesterday's close.  Dec 20 Wheat closed at $5.5625/bushel, up $0.1425 from yesterday's close.  Nov 20 Soybeans closed at $10.285/bushel, up $0.1725 from yesterday's close.  Dec 20 Soymeal closed at $335.3/short ton, up $9.6 fro...

soy-oilseeds

Oilseed Highlights: Changing China’s Planting Priorities; August Soy Crush Report; U.S. Soy Sales

China Urged to Prioritize Corn, Wheat and Rice Production Over Soybean Production Speakers at this year’s China Soybean Industry International Summit Forum urged the government of China to stop prioritizing the plantings of soybeans to supply the animal food market and instead allow more...

feed-grains soy-oilseeds wheat

PM Post - Still No Reversal

THE OPEN November beans:  2 1/4 lower December meal:  .40 lower December soyoil:  3 lower December corn:  1 14/ lower December wheat:  1 3/4 lower The markets opened as called and jumped either side of even with beans and corn supported by good export sales and more bus...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Net sales of 335,700 metric tons (MT) for 2020/2021 were down 31 percent from the previous week and 42 percent from the prior 4-week average. Corn:  Net sales of 1,609,200 MT for 2020/2021 were primarily for unknown destinations (360,200 MT), China (359,700 MT, including 140,0...

feed-grains soy-oilseeds wheat

AM Outlook - Lower Open on Profit-taking

GOOD MORNING, Prices were stronger with beans rallying higher as more rumors of Chinese business hit the wires.  The outlook for China's bean and corn imports continues to be friendly for prices, particularly since China's production outlook was lowered due to multiple typhoons impacting c...

feed-grains soy-oilseeds wheat

Technical Views - Market Support

SPREADS Dec crush trades to 88.99c/bu while oilshare trades to 34.91%.  Dec/Dec corn trades from 16 1/2c back out to 18 3/4c.  Dec/March corn trades from 8 3/4c to 9 1/4c.  Nov/Jan bean spread trades from 3 3/4c to 4 1/2c.  Dec/March meal from $1.10 out to $2.00.  Dec w...

feed-grains soy-oilseeds

More Questions for Grain Markets

Grain and soy futures markets often pose more questions than answers. In terms of trade volume and volatility that is a good thing since it is questions not answers that fuel markets. In that sense last week’s WASDE answered a few questions at least temporarily but raised many more. USDA&...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Chinese Buying (again); Historic Soybean Spreads

The CBOT drifted lower overnight with corn and soybeans testing technical support. That weakness was short-lived in soybeans, however, as rumors of Chinese purchases helped the market firm heading into the morning’s opening bell. The day session corn, soybeans and wheat jump higher at the...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.7175/bushel, up $0.0575 from yesterday's close.  Dec 20 Wheat closed at $5.42/bushel, up $0.0375 from yesterday's close.  Nov 20 Soybeans closed at $10.1125/bushel, up $0.1975 from yesterday's close.  Dec 20 Soymeal closed at $325.7/short ton, up $6.5 fro...

feed-grains soy-oilseeds wheat

PM Post - Bull Run Continues

  THE OPEN November beans:  6 1/2 higher December meal;  3.90 higher December soyoil:  15 higher December corn:  1 higher December wheat:  1 1/2 lower The markets turned higher after the start of the trading session with beans in the lead again.  December soyo...

feed-grains soy-oilseeds wheat

China In-Country Analysis

Livestock China Furthers Stimulates Live Hog Production and Risks Grow China’s Ministry of Agriculture and Rural Affairs (MARA) recently announced an increase in the central government’s direct subsidy to major live hog production counties. The new policy will increase the annual am...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 7-11 September 2020 Domestic Russian market wheat and barley prices mainly grew due to export demand. Corn prices were stable in the regions where the old harvested corn was sold and decreased in the regions that started quoting prices for 2020 corn. Export milling wheat...

feed-grains soy-oilseeds wheat

AM Outlook - Good Bull Markets Take Breaks

GOOD MORNING,  Funds were net sellers across the board yesterday on overbought concerns and the fact that for once beans could not turn the rally back to new contract highs.  But all good bull markets need and deserve a break. Funds sold modest amounts across the board, not challengin...

feed-grains soy-oilseeds wheat

Technical Views - Mixed Day

SPREADS Dec crush trades to 89.25c/bu while oilshare trades lower down to 34.66%.  Dec/Dec corn trades slightly weaker from 20 1/2c to 22 1/4c, while Dec/March narrows into 9 1/2c from 10c.  Nov/Jan beans trade from 4c to 4 3/4c after firming into 2 1/2c.  Dec/March meal trades f...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Turns Lower with Harvest Looming

Now halfway through the month of September, the CBOT is looking like the rally is ending, or at least on pause for a while. Row crops and wheat were lower as the focus turns to the large U.S. harvest and overbought technical conditions. The U.S. corn harvest is starting and early yield results...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.66/bushel, down $0.035 from yesterday's close.  Dec 20 Wheat closed at $5.3825/bushel, down $0.075 from yesterday's close.  Nov 20 Soybeans closed at $9.915/bushel, down $0.08 from yesterday's close.  Dec 20 Soymeal closed at $319.2/short ton, down $2.8 f...

feed-grains soy-oilseeds wheat

PM Post - Appropriate Corrections

THE OPEN Nov beans:  2 3/4 higher Dec meal:  .30 higher Dec soyoil:  40 higher Dec corn:  1 1/2 lower Dec wheat:  4 3/4 lower The markets opened as called but the expectation for increased harvest and overbought markets sent prices into a badly needed round of profit-ta...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt intends to have a commodity exchange in place for the first half of 2021. The exchange will trade wheat, vegetable oils, rice, and sugar. Invested capital will be close to $6 million. Delivery points will be set at specific governmen...

feed-grains soy-oilseeds wheat

AM Outlook - Still Firm

GOOD MORNING, Prices continue to remain well bid with no reversal signals in sight.  China continues to be around the market, Black Sea vegoil values are rising, and dryness in various parts of the world continue to add to worries over production.  Funds continue to own the market in...

feed-grains soy-oilseeds wheat

Technical Views - Give and Take

SPREADS November crush trades to 74.68c/bu while oilshare is slightly over 35.0% to 35.12%.  Dec/Dec corn trades from 19 1/2c to 20 1/2c, while Dec/March trades from 9 1/4c to 9 1/2c.  Nov/Jan beans trade out to 4 1/2c from 3 1/2c, while the Jan/March inverse trades weaker from 1 3/4c...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies Again; WPI 2020 S&D; Beef Turning Bullish

The CBOT was mostly higher to start the week with soybeans and soyoil extending their rallies. Corn and wheat were firmer but posted a relatively lackluster day of trading. Soyoil reversed course and fell lower under pressure from long profit taking and bull soyoil/soymeal spreads. Cattle futur...

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