World Perspectives

Soy & Oilseeds Recent Soy & Oilseeds Analysis

feed-grains soy-oilseeds wheat

Market Commentary

Corn and wheat markets were firm overnight, while the soy complex was weaker. That was the pattern for much of today’s markets as well. Cool, wet weather and perhaps the worst flooding across parts of the Corn Belt ever are elevating concerns about a slow start to the corn planting season...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close.  May 19 Wheat closed at $4.66/bushel, down $0.005 from yesterday's close.  May 19 Soybeans closed at $9.0375/bushel, down $0.0675 from yesterday's close.  May 19 Soymeal closed at $315/short ton, down $0.3 fro...

soy-oilseeds feed-grains

Soybean Refresh

A great deal of proverbial water has passed under the bridge since WPI wrote about our initial soybean outlook for MY 2019/20 on 14 January Not very much has been good for U.S. soybean or soymeal export demand. There is still no trade deal between the U.S. and China, although most analysts beli...

feed-grains soy-oilseeds wheat

Market Commentary

The overnight session continued the recent trend of low trading volume and narrow, mixed price movement. This occurred as traders await developments from next week’s high level trade negotiations in Beijing as well as the 29 March quarterly stocks and initial acreage reports from USDA. Ac...

feed-grains soy-oilseeds wheat

What Lies Ahead for the Markets?

Grain/soy futures and cash markets have maintained a relatively low price profile for two years or more. Low grain and soy prices have been a major contributor to the low net U.S. farm income during 2017 and 2018. This is not to say that markets have been devoid of price rallies. There have bee...

soy-oilseeds

Oilseed Highlights: U.S.Soy Export Sales; Turkey’s Soy Imports, Russian Soy Trade

U.S. Soy Export Sales Update After weeks of substantial sales, USDA’s weekly export sales report indicated there was a sharp drop for the week ending 14 March. Net soybean export sales totaled only 399,500 MT, a 79 percent decline from the previous week. The largest sales were to Germany...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7625/bushel, up $0.0475 from yesterday's close.  May 19 Wheat closed at $4.665/bushel, up $0.0175 from yesterday's close.  May 19 Soybeans closed at $9.105/bushel, up $0.045 from yesterday's close.  May 19 Soymeal closed at $315.3/short ton, up $3.7 from...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Net sales of 298,600 metric tons for delivery in the 2018/2019 marketing year were reported for South Korea (75,500 MT), Sri Lanka (65,000 MT, switched from Singapore), Japan (38,500 MT), Mexico (35,300 MT, including decreases of 47,300 MT), and Taiwan (29,300 MT).  Reductions...

feed-grains soy-oilseeds wheat

Market Commentary

It has been more low and slow trade overnight and again today. Wheat is the star of the day with the May contracts for Chicago and KC both closing up 8.25 cents and that for MGEX finishing 6.25 cents higher. Low trading volume can often result in abrupt and sharp price movements as market order...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 11-15 March 2019 Domestic grain prices decreased in RUB expression but moved in different directions or remained unchanged in USD expression. Meanwhile, the average milling wheat export price fell $4/MT to $224/MT FOB Black Sea, and purchase prices dropped to $195-198/MT...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.715/bushel, up $0.0025 from yesterday's close.  May 19 Wheat closed at $4.6475/bushel, up $0.0825 from yesterday's close.  May 19 Soybeans closed at $9.06/bushel, up $0.02 from yesterday's close.  May 19 Soymeal closed at $311.6/short ton, up $0.8 from ye...

soy-oilseeds feed-grains livestock

China In-Country Analysis

Export Trends Year-End USDA Data Shows Trade Winners and Losers Following delays caused by the 35-day partial U.S. government shutdown, USDA has now managed to update its reports regarding U.S. agricultural exports through the end of 2018. A look at the total figures reveal some surprising find...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was a mixed and low volume affair. The grains were slightly higher, and soybeans were just below Monday’s close. None of the lead contracts were able to muster as much as 10,000 contracts of trading volume. The day session began with a modest rally effort, but that did n...

feed-grains soy-oilseeds wheat

Chinese Trade Soap Opera and Markets

Having commented so often about U.S.-China trade relations and the ongoing negotiations, we fear we risk boring clients. However, the trade negotiations are reminiscent of the traditional “soap operas” on daytime television in that their stories never end. Every time one crisis is r...

soy-oilseeds

Oilseed Highlights: African Swine Fever and Soy Demand; Argentine Soybean Sales; Bolivian Drought

Global Soy Demand May Take Big Hit from African Swine Fever The widespread outbreak of African swine fever (ASF) is now well known, and it continues unabated in China even though controlling the disease has been made a top priority there. The Chinese government has officially indicated that the...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7125/bushel, down $0.0025 from yesterday's close.  May 19 Wheat closed at $4.565/bushel, down $0.0025 from yesterday's close.  May 19 Soybeans closed at $9.04/bushel, down $0.0175 from yesterday's close.  May 19 Soymeal closed at $310.8/short ton, up $1 f...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were weaker to start the Sunday evening session, and that negative trading pattern persisted throughout today. As another analyst wrote, the market is starving for news of any kind. China talk continues to dominate the markets’ attitude and direction. There was more chatter over t...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.715/bushel, down $0.0175 from yesterday's close.  May 19 Wheat closed at $4.5675/bushel, down $0.055 from yesterday's close.  May 19 Soybeans closed at $9.0575/bushel, down $0.035 from yesterday's close.  May 19 Soymeal closed at $309.8/short ton, down $1...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market has reversed the downward trend it had been following since January. The buyers/consumers have certainly appreciated the $20 collapse, and they don’t want to miss the opportunity to lock in the current prices. Russia’s exports have reached 30 MMT,...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7325/bushel, up $0.03 from yesterday's close.  May 19 Wheat closed at $4.6225/bushel, up $0.095 from yesterday's close.  May 19 Soybeans closed at $9.0925/bushel, up $0.1075 from yesterday's close.  May 19 Soymeal closed at $310.8/short ton, up $4.9 from...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief...

soy-oilseeds feed-grains softs

More Things to Keep You Up at Night

- Grain and oilseed markets were firm today, mostly on growing chatter that the U.S. and China are very close to reaching an agreement on trade. The devil is always in the details, which won’t be known until the deal is made public. Much of the commentary on various business channels toda...

feed-grains soy-oilseeds wheat

Market Commentary

Traders showed more interest in the overnight session. Volume was not back to Tuesday’s level, but it was notably higher than Wednesday’s. Pricewise, the results were mixed. Grains were steady to firm, but soybeans traded mostly lower. A wire service reported late in the overnight s...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and wheat markets were firm overnight, while the soy complex was weaker. That was the pattern for much of today’s markets as well. Cool, wet weather and perhaps the worst flooding across parts of the Corn Belt ever are elevating concerns about a slow start to the corn planting season...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close.  May 19 Wheat closed at $4.66/bushel, down $0.005 from yesterday's close.  May 19 Soybeans closed at $9.0375/bushel, down $0.0675 from yesterday's close.  May 19 Soymeal closed at $315/short ton, down $0.3 fro...

soy-oilseeds feed-grains

Soybean Refresh

A great deal of proverbial water has passed under the bridge since WPI wrote about our initial soybean outlook for MY 2019/20 on 14 January Not very much has been good for U.S. soybean or soymeal export demand. There is still no trade deal between the U.S. and China, although most analysts beli...

feed-grains soy-oilseeds wheat

Market Commentary

The overnight session continued the recent trend of low trading volume and narrow, mixed price movement. This occurred as traders await developments from next week’s high level trade negotiations in Beijing as well as the 29 March quarterly stocks and initial acreage reports from USDA. Ac...

feed-grains soy-oilseeds wheat

What Lies Ahead for the Markets?

Grain/soy futures and cash markets have maintained a relatively low price profile for two years or more. Low grain and soy prices have been a major contributor to the low net U.S. farm income during 2017 and 2018. This is not to say that markets have been devoid of price rallies. There have bee...

soy-oilseeds

Oilseed Highlights: U.S.Soy Export Sales; Turkey’s Soy Imports, Russian Soy Trade

U.S. Soy Export Sales Update After weeks of substantial sales, USDA’s weekly export sales report indicated there was a sharp drop for the week ending 14 March. Net soybean export sales totaled only 399,500 MT, a 79 percent decline from the previous week. The largest sales were to Germany...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7625/bushel, up $0.0475 from yesterday's close.  May 19 Wheat closed at $4.665/bushel, up $0.0175 from yesterday's close.  May 19 Soybeans closed at $9.105/bushel, up $0.045 from yesterday's close.  May 19 Soymeal closed at $315.3/short ton, up $3.7 from...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Net sales of 298,600 metric tons for delivery in the 2018/2019 marketing year were reported for South Korea (75,500 MT), Sri Lanka (65,000 MT, switched from Singapore), Japan (38,500 MT), Mexico (35,300 MT, including decreases of 47,300 MT), and Taiwan (29,300 MT).  Reductions...

feed-grains soy-oilseeds wheat

Market Commentary

It has been more low and slow trade overnight and again today. Wheat is the star of the day with the May contracts for Chicago and KC both closing up 8.25 cents and that for MGEX finishing 6.25 cents higher. Low trading volume can often result in abrupt and sharp price movements as market order...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 11-15 March 2019 Domestic grain prices decreased in RUB expression but moved in different directions or remained unchanged in USD expression. Meanwhile, the average milling wheat export price fell $4/MT to $224/MT FOB Black Sea, and purchase prices dropped to $195-198/MT...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.715/bushel, up $0.0025 from yesterday's close.  May 19 Wheat closed at $4.6475/bushel, up $0.0825 from yesterday's close.  May 19 Soybeans closed at $9.06/bushel, up $0.02 from yesterday's close.  May 19 Soymeal closed at $311.6/short ton, up $0.8 from ye...

soy-oilseeds feed-grains livestock

China In-Country Analysis

Export Trends Year-End USDA Data Shows Trade Winners and Losers Following delays caused by the 35-day partial U.S. government shutdown, USDA has now managed to update its reports regarding U.S. agricultural exports through the end of 2018. A look at the total figures reveal some surprising find...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was a mixed and low volume affair. The grains were slightly higher, and soybeans were just below Monday’s close. None of the lead contracts were able to muster as much as 10,000 contracts of trading volume. The day session began with a modest rally effort, but that did n...

feed-grains soy-oilseeds wheat

Chinese Trade Soap Opera and Markets

Having commented so often about U.S.-China trade relations and the ongoing negotiations, we fear we risk boring clients. However, the trade negotiations are reminiscent of the traditional “soap operas” on daytime television in that their stories never end. Every time one crisis is r...

soy-oilseeds

Oilseed Highlights: African Swine Fever and Soy Demand; Argentine Soybean Sales; Bolivian Drought

Global Soy Demand May Take Big Hit from African Swine Fever The widespread outbreak of African swine fever (ASF) is now well known, and it continues unabated in China even though controlling the disease has been made a top priority there. The Chinese government has officially indicated that the...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7125/bushel, down $0.0025 from yesterday's close.  May 19 Wheat closed at $4.565/bushel, down $0.0025 from yesterday's close.  May 19 Soybeans closed at $9.04/bushel, down $0.0175 from yesterday's close.  May 19 Soymeal closed at $310.8/short ton, up $1 f...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were weaker to start the Sunday evening session, and that negative trading pattern persisted throughout today. As another analyst wrote, the market is starving for news of any kind. China talk continues to dominate the markets’ attitude and direction. There was more chatter over t...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.715/bushel, down $0.0175 from yesterday's close.  May 19 Wheat closed at $4.5675/bushel, down $0.055 from yesterday's close.  May 19 Soybeans closed at $9.0575/bushel, down $0.035 from yesterday's close.  May 19 Soymeal closed at $309.8/short ton, down $1...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market has reversed the downward trend it had been following since January. The buyers/consumers have certainly appreciated the $20 collapse, and they don’t want to miss the opportunity to lock in the current prices. Russia’s exports have reached 30 MMT,...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.7325/bushel, up $0.03 from yesterday's close.  May 19 Wheat closed at $4.6225/bushel, up $0.095 from yesterday's close.  May 19 Soybeans closed at $9.0925/bushel, up $0.1075 from yesterday's close.  May 19 Soymeal closed at $310.8/short ton, up $4.9 from...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief...

soy-oilseeds feed-grains softs

More Things to Keep You Up at Night

- Grain and oilseed markets were firm today, mostly on growing chatter that the U.S. and China are very close to reaching an agreement on trade. The devil is always in the details, which won’t be known until the deal is made public. Much of the commentary on various business channels toda...

feed-grains soy-oilseeds wheat

Market Commentary

Traders showed more interest in the overnight session. Volume was not back to Tuesday’s level, but it was notably higher than Wednesday’s. Pricewise, the results were mixed. Grains were steady to firm, but soybeans traded mostly lower. A wire service reported late in the overnight s...

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