World Perspectives

Wheat Recent Wheat Analysis

wheat

WASDE Wheat

USDA’s outlook for 2020/21 U.S. wheat is for larger supplies, lower domestic use, unchanged exports, and increased stocks.  Supplies are raised as larger beginning stocks more than offset lower production.   Beginning stocks are increased on the NASS Grain Stocks report, is...

feed-grains soy-oilseeds wheat

Market Commentary

It seemed clear at the start of the day that this a weather market, and that today’s WASDE would contain few surprises. For the most part that remained true after the report was released and yet some things are inexplicable.  For example, the corn crop is threated by hot and dry weat...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.4475/bushel, down $0.1225 from yesterday's close.  Sep 20 Wheat closed at $5.34/bushel, up $0.09 from yesterday's close.  Nov 20 Soybeans closed at $8.9075/bushel, down $0.1075 from yesterday's close.  Dec 20 Soymeal closed at $300.1/short ton, down $5.3...

feed-grains soy-oilseeds wheat

PM Post - Wheatie Surprise

THE OPEN November beans:  1/4 lower December meal:  .70 lower December soyoil:  19 higher December corn:  1 lower September wheat:  3 1/2 higher The markets opened as expected with a firmer note in wheat on reported sales to China.  Traders were back to buying oils...

feed-grains soy-oilseeds wheat

Technical Views - Mixed Ahead of Report

SPREADS Sep. crush trades top 76.35c/bu while oilshare is a steady 32.33%.  Spreads are firmer with Sep/Dec corn narrowing into 7 3/4c from 8 1/2c.  Sep/Dec wheat trades into 4 1/4c from 5 1/4c.  August /Nov beans narrows into 3 1/2c from 5 1/2c.  Sep wheat/corn trades from...

feed-grains soy-oilseeds wheat

AM Outlook - Weather More than WASDE

GOOD MORNING, It is report day and all the markets have been on good rallies.  Report time is 11:00 central.  The crop yields are not expected to change much, as this report typically does not reflect such historically.  The lower and surprising June acreage numbers will be incor...

feed-grains soy-oilseeds wheat

Market Commentary

There was lots of gnashing of teeth as market calculations swung between possibly threatening weather conditions, seeming positive demand and a WASDE report tomorrow that may or may not spring a surprise or two. This is the critical time of the campaign for corn, and it is not a neutral period...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.57/bushel, up $0.0275 from yesterday's close.  Sep 20 Wheat closed at $5.25/bushel, up $0.085 from yesterday's close.  Nov 20 Soybeans closed at $9.015/bushel, up $0.0425 from yesterday's close.  Dec 20 Soymeal closed at $305.4/short ton, up $3.6 from yes...

feed-grains soy-oilseeds wheat

PM Post - Position Evening Ahead of Report

THE OPEN November beans:  10 1/2 higher December meal:  4.40 higher December soyoil:  14 higher December corn:  6 3/4 higher September wheat:  4 higher The markets opened as expected with further short-covering in grains and technical buying in wheat.  Traders retu...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Net sales of 326,100 metric tons (MT) were reported for delivery in marketing year 2020/2021.   Corn:  Net sales of 599,200 MT for 2019/2020 were up 66 percent from the previous week and 30 percent from the prior 4-week average.  Soybeans:  Net sales of 952...

feed-grains soy-oilseeds wheat

Technical Views - Chop Ahead of the Report

SPREADS Sep. crush trades to 76.89c/bu while oilshare trades to 32.43%.   Sep/Dec corn narrows into 7 1/4c from 8c, while Sep/Dec wheat trades into 2c from 5 3/4c.  Sep wheat /corn trades from 1.73 1/2c down to 1.66c.  Sep/Dec meal trades from $5.80 to $5.20.   PAL...

feed-grains soy-oilseeds wheat

AM Outlook - Weather Push

GOOD MORNING, Prices are firmer this as temperatures next week are forecast to be hotter than this week. Rains are crossing parts of the Midwest, but it is not a soaking event that alleviates all dryness.  Spreads are mostly firmer.   The wheat rally continues as more shorts cove...

wheat

WASDE Wheat

USDA’s outlook for 2020/21 U.S. wheat is for larger supplies, lower domestic use, unchanged exports, and increased stocks.  Supplies are raised as larger beginning stocks more than offset lower production.   Beginning stocks are increased on the NASS Grain Stocks report, is...

feed-grains soy-oilseeds wheat

Market Commentary

It seemed clear at the start of the day that this a weather market, and that today’s WASDE would contain few surprises. For the most part that remained true after the report was released and yet some things are inexplicable.  For example, the corn crop is threated by hot and dry weat...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.4475/bushel, down $0.1225 from yesterday's close.  Sep 20 Wheat closed at $5.34/bushel, up $0.09 from yesterday's close.  Nov 20 Soybeans closed at $8.9075/bushel, down $0.1075 from yesterday's close.  Dec 20 Soymeal closed at $300.1/short ton, down $5.3...

feed-grains soy-oilseeds wheat

PM Post - Wheatie Surprise

THE OPEN November beans:  1/4 lower December meal:  .70 lower December soyoil:  19 higher December corn:  1 lower September wheat:  3 1/2 higher The markets opened as expected with a firmer note in wheat on reported sales to China.  Traders were back to buying oils...

feed-grains soy-oilseeds wheat

Technical Views - Mixed Ahead of Report

SPREADS Sep. crush trades top 76.35c/bu while oilshare is a steady 32.33%.  Spreads are firmer with Sep/Dec corn narrowing into 7 3/4c from 8 1/2c.  Sep/Dec wheat trades into 4 1/4c from 5 1/4c.  August /Nov beans narrows into 3 1/2c from 5 1/2c.  Sep wheat/corn trades from...

feed-grains soy-oilseeds wheat

AM Outlook - Weather More than WASDE

GOOD MORNING, It is report day and all the markets have been on good rallies.  Report time is 11:00 central.  The crop yields are not expected to change much, as this report typically does not reflect such historically.  The lower and surprising June acreage numbers will be incor...

feed-grains soy-oilseeds wheat

Market Commentary

There was lots of gnashing of teeth as market calculations swung between possibly threatening weather conditions, seeming positive demand and a WASDE report tomorrow that may or may not spring a surprise or two. This is the critical time of the campaign for corn, and it is not a neutral period...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.57/bushel, up $0.0275 from yesterday's close.  Sep 20 Wheat closed at $5.25/bushel, up $0.085 from yesterday's close.  Nov 20 Soybeans closed at $9.015/bushel, up $0.0425 from yesterday's close.  Dec 20 Soymeal closed at $305.4/short ton, up $3.6 from yes...

feed-grains soy-oilseeds wheat

PM Post - Position Evening Ahead of Report

THE OPEN November beans:  10 1/2 higher December meal:  4.40 higher December soyoil:  14 higher December corn:  6 3/4 higher September wheat:  4 higher The markets opened as expected with further short-covering in grains and technical buying in wheat.  Traders retu...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Net sales of 326,100 metric tons (MT) were reported for delivery in marketing year 2020/2021.   Corn:  Net sales of 599,200 MT for 2019/2020 were up 66 percent from the previous week and 30 percent from the prior 4-week average.  Soybeans:  Net sales of 952...

feed-grains soy-oilseeds wheat

Technical Views - Chop Ahead of the Report

SPREADS Sep. crush trades to 76.89c/bu while oilshare trades to 32.43%.   Sep/Dec corn narrows into 7 1/4c from 8c, while Sep/Dec wheat trades into 2c from 5 3/4c.  Sep wheat /corn trades from 1.73 1/2c down to 1.66c.  Sep/Dec meal trades from $5.80 to $5.20.   PAL...

feed-grains soy-oilseeds wheat

AM Outlook - Weather Push

GOOD MORNING, Prices are firmer this as temperatures next week are forecast to be hotter than this week. Rains are crossing parts of the Midwest, but it is not a soaking event that alleviates all dryness.  Spreads are mostly firmer.   The wheat rally continues as more shorts cove...

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