World Perspectives

Soy & Oilseeds Recent Soy & Oilseeds Analysis

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was called mixed/lower to start today and it did just that. Corn and the soy complex were subject to fund selling and broke key technical support points while the wheat market strengthened on news of a Russian export quota. The livestock markets are in complete disarray and swung from...

livestock soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

Summary of Futures

May 20 Corn closed at $3.3075/bushel, down $0.0275 from yesterday's close.  May 20 Wheat closed at $5.4925/bushel, up $0.075 from yesterday's close.  May 20 Soybeans closed at $8.5425/bushel, down $0.045 from yesterday's close.  May 20 Soymeal closed at $303.2/short ton, down $5...

feed-grains soy-oilseeds

Dalian Futures Weekly Analysis

In our continuing efforts to provide you with pertinent market analysis, WPI is considering expanding our analysis and coverage of the Chinese commodity futures markets. The following is a sample. Tell us what you think – email Matt at mherrington@grilink.com and let us know your thoughts...

feed-grains soy-oilseeds wheat

PM Post - New Lows

THE OPEN May beans:  2 1/2 higher May meal:  .40 lower May soyoil:  21 higher May corn:  4 higher July wheat:  8 1/4 higher The market opened as called but funds sold more corn, bean, and meal sending prices to new trading range or contract lows.  Wheat and soyoil...

feed-grains soy-oilseeds wheat

Technical Views - Chasing Oil Higher

SPREADS July crush trades down to 1.06c/bu while oilshare is firmer, trading back over 30.0%.  July/Dec corn trades out to 10 3/4c from 9 3/4c, while May/July trades from 4 3/4c to 5 1/2c.  July/Dec meal inverse weakens to $1.80 from $2.60.  July/Nov bean inverse weakens from 2 1...

feed-grains soy-oilseeds wheat

AM Outlook - Chasing Petroleum

GOOD MORNING, Prices were mixed to lower this morning, with the board continuing to follow the path of crude.  As prices neared the close, crude jumped to new highs taking Ag prices along for the ride, as the correlation between macros and ags continues.  If energies continue to rally...

feed-grains soy-oilseeds wheat

Market Commentary

Today was mildly volatile in the market with closing gains limited to soyoil and ethanol, purportedly due to their relationship to elevated petroleum prices. But that is a loose association in a market where overall demand has practically collapsed. Higher petroleum prices can be helpful in ord...

feed-grains soy-oilseeds wheat

Summary of Futures

May 20 Corn closed at $3.335/bushel, down $0.0125 from yesterday's close.  May 20 Wheat closed at $5.4175/bushel, down $0.085 from yesterday's close.  May 20 Soybeans closed at $8.5875/bushel, down $0.04 from yesterday's close.  May 20 Soymeal closed at $309.1/short ton, down $5...

soy-oilseeds

Oilseed Highlights: U.S. Export Sales; Brazil’s Soy Crop Forecast; February Soybean Crush

Good U.S. Soybean and Soyoil Export Sales Last Week Today’s USDA export sales report showed last week was a good one for U.S. export sales of soybeans and soyoil as well a good week for exports of U.S. soymeal and soyoil. Notable was the additional export sales of soybeans for China. Net...

feed-grains soy-oilseeds wheat

PM Post - Volatile, Mostly Lower

THE OPEN May beans:  4 1/2 lower May meal:  1.20 lower May soyoil:  3 higher May corn:  1 1/2 higher July wheat:  8 lower Prices opened as expected but more selling pressure was noted across the board as funds continued to put on sales with early morning technical weakn...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:   Net sales of 72,900 metric tons for 2019/2020--a marketing-year low--were down 90 percent from the previous week and 86 percent from the prior 4-week average.    Corn:   Net sales of 1,075,400 MT for 2019/2020 were down 41 percent from the previous we...

feed-grains soy-oilseeds wheat

Fundamentals and the Pandemic

USDA’s 31 March reports containing its estimates of preliminary planting intentions and 1 March quarterly stocks provided a few surprises. The biggest surprise was the planting intentions for corn of 97 million acres which, if realized, would be the second largest U.S. planted corn acreag...

feed-grains soy-oilseeds wheat

Technical Views - Bottom Picking

SPREADS July crush trades down to 1.12c/bu while oilshare sells off to 29.79%.  Bullspreads remain firm with July/Dec corn trading into 8c from 9c, and May/July corn into 3 1/2c from 3 3/4c.  July/Nov bean inverse weakens to 2c from 5c on liquidation.   July/Dec meal also we...

feed-grains soy-oilseeds wheat

AM Outlook - Shorts Add Volume

GOOD MORNING, Macro market weight created new lows in Ags yesterday, with mixed follow-through this morning.  Funds sold across the board yesterday, as corn printed new contract low.  Corn now has all the hallmarks of a bear market in progress, with new contract lows, higher volume, a...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was called to open lower amid a jittery stock market and continued feuding between Russia and Saudi Arabia over oil prices. The market opened as called but found better than expected strength early in the morning. The corn market opened just a few cents lower as traders continue to bel...

feed-grains soy-oilseeds wheat

Summary of Futures

May 20 Corn closed at $3.3475/bushel, down $0.06 from yesterday's close.  May 20 Wheat closed at $5.5025/bushel, down $0.185 from yesterday's close.  May 20 Soybeans closed at $8.6275/bushel, down $0.2325 from yesterday's close.  May 20 Soymeal closed at $314.9/short ton, down $6...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Public Health  New Covid-19 Cases Emerge, China Reels from Global Crisis Two weeks ago, the majority of new novel coronavirus (Covid-19) cases in China were tied to expatriated citizens returning from abroad. This past week has seen the emergence of a new local cluster. This time in Jia Co...

feed-grains soy-oilseeds wheat

PM Post - Lower on Selling

THE OPEN May beans:  12 1/2 lower May meal:  3.30 lower May soyoil:  51 lower May corn:  3 1/2 lower July wheat:  4 3/4 lower Negative macro sentiment and a higher US dollar pressured prices from the start of the day.  Negative technical signals on the charts provi...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 23-27 March 2020 Grain prices on the domestic Russian market kept increasing as exporters are trying to export as much as possible before export limitation is introduced. Meanwhile on the export market, milling wheat average price skyrocketed to $223/MT FOB Black Sea. Pur...

feed-grains soy-oilseeds wheat

Technical Views - Going Low

SPREADS July crush trades to 1.12c/bu while oilshare is slightly weaker this morning trading down to 29.89%.   May/July corn trades into 4 1/2c from 5c, while July/Dec narrows into 10 1/2c from 11 3/4c.  July/Nov beans trades down to 6 3/4c from its 12 1/4c inverse high.  Ju...

feed-grains soy-oilseeds wheat

AM Outlook - These Numbers Could Change

GOOD MORNING, The much anticipated report has come and gone, with much less fanfare than expected.  This morning, prices are lower across the board as the impact of the cornovirus continues, along with bearish sentiment from that report, and macro pressure.   Surprisingly, corn i...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was focused on USDA’s two major reports that were issued at noon today – the Planting Intentions report and the quarterly Grain Stocks report. The acreage figure and grain stocks numbers were bearish corn and bullish soybeans, while the wheat numbers were mostly in-line wit...

feed-grains wheat soy-oilseeds

Summary of Futures

May 20 Corn closed at $3.4075/bushel, down $0.005 from yesterday's close.  May 20 Wheat closed at $5.6875/bushel, down $0.0075 from yesterday's close.  May 20 Soybeans closed at $8.86/bushel, up $0.0375 from yesterday's close.  May 20 Soymeal closed at $321.5/short ton, down $4 f...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was called mixed/lower to start today and it did just that. Corn and the soy complex were subject to fund selling and broke key technical support points while the wheat market strengthened on news of a Russian export quota. The livestock markets are in complete disarray and swung from...

livestock soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

Summary of Futures

May 20 Corn closed at $3.3075/bushel, down $0.0275 from yesterday's close.  May 20 Wheat closed at $5.4925/bushel, up $0.075 from yesterday's close.  May 20 Soybeans closed at $8.5425/bushel, down $0.045 from yesterday's close.  May 20 Soymeal closed at $303.2/short ton, down $5...

feed-grains soy-oilseeds

Dalian Futures Weekly Analysis

In our continuing efforts to provide you with pertinent market analysis, WPI is considering expanding our analysis and coverage of the Chinese commodity futures markets. The following is a sample. Tell us what you think – email Matt at mherrington@grilink.com and let us know your thoughts...

feed-grains soy-oilseeds wheat

PM Post - New Lows

THE OPEN May beans:  2 1/2 higher May meal:  .40 lower May soyoil:  21 higher May corn:  4 higher July wheat:  8 1/4 higher The market opened as called but funds sold more corn, bean, and meal sending prices to new trading range or contract lows.  Wheat and soyoil...

feed-grains soy-oilseeds wheat

Technical Views - Chasing Oil Higher

SPREADS July crush trades down to 1.06c/bu while oilshare is firmer, trading back over 30.0%.  July/Dec corn trades out to 10 3/4c from 9 3/4c, while May/July trades from 4 3/4c to 5 1/2c.  July/Dec meal inverse weakens to $1.80 from $2.60.  July/Nov bean inverse weakens from 2 1...

feed-grains soy-oilseeds wheat

AM Outlook - Chasing Petroleum

GOOD MORNING, Prices were mixed to lower this morning, with the board continuing to follow the path of crude.  As prices neared the close, crude jumped to new highs taking Ag prices along for the ride, as the correlation between macros and ags continues.  If energies continue to rally...

feed-grains soy-oilseeds wheat

Market Commentary

Today was mildly volatile in the market with closing gains limited to soyoil and ethanol, purportedly due to their relationship to elevated petroleum prices. But that is a loose association in a market where overall demand has practically collapsed. Higher petroleum prices can be helpful in ord...

feed-grains soy-oilseeds wheat

Summary of Futures

May 20 Corn closed at $3.335/bushel, down $0.0125 from yesterday's close.  May 20 Wheat closed at $5.4175/bushel, down $0.085 from yesterday's close.  May 20 Soybeans closed at $8.5875/bushel, down $0.04 from yesterday's close.  May 20 Soymeal closed at $309.1/short ton, down $5...

soy-oilseeds

Oilseed Highlights: U.S. Export Sales; Brazil’s Soy Crop Forecast; February Soybean Crush

Good U.S. Soybean and Soyoil Export Sales Last Week Today’s USDA export sales report showed last week was a good one for U.S. export sales of soybeans and soyoil as well a good week for exports of U.S. soymeal and soyoil. Notable was the additional export sales of soybeans for China. Net...

feed-grains soy-oilseeds wheat

PM Post - Volatile, Mostly Lower

THE OPEN May beans:  4 1/2 lower May meal:  1.20 lower May soyoil:  3 higher May corn:  1 1/2 higher July wheat:  8 lower Prices opened as expected but more selling pressure was noted across the board as funds continued to put on sales with early morning technical weakn...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:   Net sales of 72,900 metric tons for 2019/2020--a marketing-year low--were down 90 percent from the previous week and 86 percent from the prior 4-week average.    Corn:   Net sales of 1,075,400 MT for 2019/2020 were down 41 percent from the previous we...

feed-grains soy-oilseeds wheat

Fundamentals and the Pandemic

USDA’s 31 March reports containing its estimates of preliminary planting intentions and 1 March quarterly stocks provided a few surprises. The biggest surprise was the planting intentions for corn of 97 million acres which, if realized, would be the second largest U.S. planted corn acreag...

feed-grains soy-oilseeds wheat

Technical Views - Bottom Picking

SPREADS July crush trades down to 1.12c/bu while oilshare sells off to 29.79%.  Bullspreads remain firm with July/Dec corn trading into 8c from 9c, and May/July corn into 3 1/2c from 3 3/4c.  July/Nov bean inverse weakens to 2c from 5c on liquidation.   July/Dec meal also we...

feed-grains soy-oilseeds wheat

AM Outlook - Shorts Add Volume

GOOD MORNING, Macro market weight created new lows in Ags yesterday, with mixed follow-through this morning.  Funds sold across the board yesterday, as corn printed new contract low.  Corn now has all the hallmarks of a bear market in progress, with new contract lows, higher volume, a...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was called to open lower amid a jittery stock market and continued feuding between Russia and Saudi Arabia over oil prices. The market opened as called but found better than expected strength early in the morning. The corn market opened just a few cents lower as traders continue to bel...

feed-grains soy-oilseeds wheat

Summary of Futures

May 20 Corn closed at $3.3475/bushel, down $0.06 from yesterday's close.  May 20 Wheat closed at $5.5025/bushel, down $0.185 from yesterday's close.  May 20 Soybeans closed at $8.6275/bushel, down $0.2325 from yesterday's close.  May 20 Soymeal closed at $314.9/short ton, down $6...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Public Health  New Covid-19 Cases Emerge, China Reels from Global Crisis Two weeks ago, the majority of new novel coronavirus (Covid-19) cases in China were tied to expatriated citizens returning from abroad. This past week has seen the emergence of a new local cluster. This time in Jia Co...

feed-grains soy-oilseeds wheat

PM Post - Lower on Selling

THE OPEN May beans:  12 1/2 lower May meal:  3.30 lower May soyoil:  51 lower May corn:  3 1/2 lower July wheat:  4 3/4 lower Negative macro sentiment and a higher US dollar pressured prices from the start of the day.  Negative technical signals on the charts provi...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 23-27 March 2020 Grain prices on the domestic Russian market kept increasing as exporters are trying to export as much as possible before export limitation is introduced. Meanwhile on the export market, milling wheat average price skyrocketed to $223/MT FOB Black Sea. Pur...

feed-grains soy-oilseeds wheat

Technical Views - Going Low

SPREADS July crush trades to 1.12c/bu while oilshare is slightly weaker this morning trading down to 29.89%.   May/July corn trades into 4 1/2c from 5c, while July/Dec narrows into 10 1/2c from 11 3/4c.  July/Nov beans trades down to 6 3/4c from its 12 1/4c inverse high.  Ju...

feed-grains soy-oilseeds wheat

AM Outlook - These Numbers Could Change

GOOD MORNING, The much anticipated report has come and gone, with much less fanfare than expected.  This morning, prices are lower across the board as the impact of the cornovirus continues, along with bearish sentiment from that report, and macro pressure.   Surprisingly, corn i...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was focused on USDA’s two major reports that were issued at noon today – the Planting Intentions report and the quarterly Grain Stocks report. The acreage figure and grain stocks numbers were bearish corn and bullish soybeans, while the wheat numbers were mostly in-line wit...

feed-grains wheat soy-oilseeds

Summary of Futures

May 20 Corn closed at $3.4075/bushel, down $0.005 from yesterday's close.  May 20 Wheat closed at $5.6875/bushel, down $0.0075 from yesterday's close.  May 20 Soybeans closed at $8.86/bushel, up $0.0375 from yesterday's close.  May 20 Soymeal closed at $321.5/short ton, down $4 f...

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