Recent Wheat Analysis
Market Commentary: Grains Fall on Acreage, Stocks Expectations; Soyoil Scores Bullish Breakout
The CBOT bears were in control of markets again on Wednesday and drove corn and wheat futures lower with significant technical developments. Fresh news remains light but the justification for the day’s declines were expectations for USDA to report expanded corn area and larger wheat stock...
Summary of Futures
May 25 Corn closed at $4.5125/bushel, down $0.065 from yesterday's close. May 25 Wheat closed at $5.3525/bushel, down $0.08 from yesterday's close. May 25 Soybeans closed at $10.01/bushel, down $0.0075 from yesterday's close. May 25 Soymeal closed at $293.6/short ton, down $1...
Black Sea Regional Analysis
Russian Grain Markets: 17 – 21 March 2025 Russian farmers started planting and fertilizing winter crops which is rather early for this time of the year. Rostov Oblast for example has already planted 5 percent of the planned spring crops area. Moreover, this Oblast set a new record fo...
Market Commentary: Bears in Control of Grains; Cattle Futures Reclaim Early Losses
Bears were in control of the CBOT on Tuesday and sent corn, soybeans, and wheat all lower with several significant technical developments. Fresh fundamental news was hard to find for the day and that certainly contributed to the day’s weakness. Funds were solid net sellers for the second...
Summary of Futures
May 25 Corn closed at $4.5775/bushel, down $0.0675 from yesterday's close. May 25 Wheat closed at $5.4325/bushel, down $0.05 from yesterday's close. May 25 Soybeans closed at $10.0175/bushel, down $0.055 from yesterday's close. May 25 Soymeal closed at $295.1/short ton, down $...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco’s rainfall has increased this year after the last two/three years of drought. Water supplies are increasing behind dams and in reservoirs, but experts say it could take a few years of normal rain to get all water lev...
Market Commentary: Grains Consolidate; Cattle Follow Through on Bearish Reversal
The CBOT saw a mostly quiet day to start the week with grains and the oilseed complex trading mostly sideways as traders await shifts in demand or any updates on the trade policy front. Markets are in a holding pattern right now with the U.S. and Northern Hemisphere planting effort still a few...
Summary of Futures
May 25 Corn closed at $4.645/bushel, up $0.0025 from yesterday's close. May 25 Wheat closed at $5.4825/bushel, down $0.1 from yesterday's close. May 25 Soybeans closed at $10.0725/bushel, down $0.025 from yesterday's close. May 25 Soymeal closed at $297.6/short ton, down $2.7...
Mercosur Regional Analysis
Corn Market Thanks to a week of minimal rainfall across Argentina’s agricultural region, the corn harvest is gaining momentum. Weekly progress reached 5.5 percentage points, bringing total harvest completion to 13 percent of the planted area, with an average yield of 8.27 MT/ha. In...
Market Commentary: Mixed Day but a Hot CoF Report After the Close
The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all week is a matter of treading water until more definitive cues emerge. In fact, today was so mixed that soybeans and soyoil fell even as typi...
Summary of Futures
May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close. May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close. May 25 Soybeans closed at $10.0975/bushel, down $0.0325 from yesterday's close. May 25 Soymeal closed at $300.3/short ton, up $3.2...
Market Commentary: Export Sales, Weather Mix the Markets
Wheat was the ball and chain while corn was the balloon in today’s trading. The weekly USDA Export Sales report from USDA was notable for wheat with washouts in old crop sales leading to a marketing year low, but new crop sales going blockbuster as Guatemala, Mexico and Panama all sought...
Market Commentary: Grains Fall on Acreage, Stocks Expectations; Soyoil Scores Bullish Breakout
The CBOT bears were in control of markets again on Wednesday and drove corn and wheat futures lower with significant technical developments. Fresh news remains light but the justification for the day’s declines were expectations for USDA to report expanded corn area and larger wheat stock...
Summary of Futures
May 25 Corn closed at $4.5125/bushel, down $0.065 from yesterday's close. May 25 Wheat closed at $5.3525/bushel, down $0.08 from yesterday's close. May 25 Soybeans closed at $10.01/bushel, down $0.0075 from yesterday's close. May 25 Soymeal closed at $293.6/short ton, down $1...
Black Sea Regional Analysis
Russian Grain Markets: 17 – 21 March 2025 Russian farmers started planting and fertilizing winter crops which is rather early for this time of the year. Rostov Oblast for example has already planted 5 percent of the planned spring crops area. Moreover, this Oblast set a new record fo...
Market Commentary: Bears in Control of Grains; Cattle Futures Reclaim Early Losses
Bears were in control of the CBOT on Tuesday and sent corn, soybeans, and wheat all lower with several significant technical developments. Fresh fundamental news was hard to find for the day and that certainly contributed to the day’s weakness. Funds were solid net sellers for the second...
Summary of Futures
May 25 Corn closed at $4.5775/bushel, down $0.0675 from yesterday's close. May 25 Wheat closed at $5.4325/bushel, down $0.05 from yesterday's close. May 25 Soybeans closed at $10.0175/bushel, down $0.055 from yesterday's close. May 25 Soymeal closed at $295.1/short ton, down $...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco’s rainfall has increased this year after the last two/three years of drought. Water supplies are increasing behind dams and in reservoirs, but experts say it could take a few years of normal rain to get all water lev...
Market Commentary: Grains Consolidate; Cattle Follow Through on Bearish Reversal
The CBOT saw a mostly quiet day to start the week with grains and the oilseed complex trading mostly sideways as traders await shifts in demand or any updates on the trade policy front. Markets are in a holding pattern right now with the U.S. and Northern Hemisphere planting effort still a few...
Summary of Futures
May 25 Corn closed at $4.645/bushel, up $0.0025 from yesterday's close. May 25 Wheat closed at $5.4825/bushel, down $0.1 from yesterday's close. May 25 Soybeans closed at $10.0725/bushel, down $0.025 from yesterday's close. May 25 Soymeal closed at $297.6/short ton, down $2.7...
Mercosur Regional Analysis
Corn Market Thanks to a week of minimal rainfall across Argentina’s agricultural region, the corn harvest is gaining momentum. Weekly progress reached 5.5 percentage points, bringing total harvest completion to 13 percent of the planted area, with an average yield of 8.27 MT/ha. In...
Market Commentary: Mixed Day but a Hot CoF Report After the Close
The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all week is a matter of treading water until more definitive cues emerge. In fact, today was so mixed that soybeans and soyoil fell even as typi...
Summary of Futures
May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close. May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close. May 25 Soybeans closed at $10.0975/bushel, down $0.0325 from yesterday's close. May 25 Soymeal closed at $300.3/short ton, up $3.2...
Market Commentary: Export Sales, Weather Mix the Markets
Wheat was the ball and chain while corn was the balloon in today’s trading. The weekly USDA Export Sales report from USDA was notable for wheat with washouts in old crop sales leading to a marketing year low, but new crop sales going blockbuster as Guatemala, Mexico and Panama all sought...