World Perspectives

Wheat Recent Wheat Analysis

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.43/bushel, down $0.1825 from yesterday's close.  Sep 21 Wheat closed at $6.84/bushel, down $0.0825 from yesterday's close.  Nov 21 Soybeans closed at $13.5175/bushel, down $0.105 from yesterday's close.  Dec 21 Soymeal closed at $356.2/short ton, down $9...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Weak Technicals; Livestock Markets Digest New Data

The CBOT pulled back again on Friday with weak technical conditions in corn and soybeans contributing to early declines. U.S. weather forecasts are mostly hot and dry still, but recent European model runs show greater precipitation for the central U.S. That put a bearish bias in the CBOT today...

wheat livestock soy-oilseeds

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

PM Post - Bailing Out for the Weekend

THE OPEN November beans:  5 lower December meal:  3.80 lower December soyoil:  90 higher December corn:  1 1/4 lower December wheat:  3 3/4 higher The markets opened as expected with more profit-taking as funds remain long and the weaker technical picture, lower demand...

feed-grains soy-oilseeds wheat

AM Outlook - Unwinding

GOOD MORNING, Prices are mixed this morning with higher oilshare and soyoil and firm wheat, vs. weaker beans, meal, and corn.   Traders were busy unwinding previous oilshare values this week on the back of the Administration's delay to defining biofuel mandates, but that correction se...

feed-grains soy-oilseeds wheat

Technical Views - Still Sideways

SPREADS We continue to see positive crush margins in the US, with August at 99c/bu and Sep. at 1.31c/bu.  August oilshare trades to 47.70% and Sep. is at 47.25%.  Sep/Dec meal trades from $3.40 carry out to $3.90.  August/Nov bean inverse trades from a low of 49 1/4c up to 54 1/4...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Whiplash

While the gyrations in the equities market are based on things like earnings and risks from inflation or COVID, agricultural commodities are all about the weather. It is the known unknown and there will not be any clarity for a while yet. In a brief reflection of diversity (different commoditie...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.6125/bushel, down $0.0725 from yesterday's close.  Sep 21 Wheat closed at $6.9225/bushel, down $0.185 from yesterday's close.  Nov 21 Soybeans closed at $13.6225/bushel, down $0.275 from yesterday's close.  Dec 21 Soymeal closed at $366/short ton, down $8...

feed-grains soy-oilseeds wheat

PM Post - Weather or Not

THE OPEN November beans: 25 lower December meal: 5.60 lower December soyoil:  130 pts lower December corn:  13 lower December wheat:  14 lower Prices opened lower as values overall remain in large sideways patterns.  End-users sought coverage as weather still remains questio...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 473,200 metric tons (MT) for 2021/2022 were up 11 percent from the previous week and 44 percent from the prior 4-week average. Corn:  Net sales reductions of 88,500 MT for 2020/2021 were down noticeably from the previous week and from the prior 4-week average.&nbs...

feed-grains soy-oilseeds wheat

AM Outlook - Weathered Downward

GOOD MORNING, Prices took a turn lower as selling surfaced in Minneapolis wheat as rains crossed areas of Canada and the Great Lakes region.  Minneapolis Sep. wheat travels 60c off the highs on Monday.  Canola futures are lower as well, taking soyoil prices down with it.   P...

feed-grains soy-oilseeds wheat

Technical Views - Sideways and Lower

SPREADS August crush trades to 95c/bu while oilshare trades to 46.76%.  Sep/Dec corn trades up to 4 1/2c from 3 1/2c while Dec/March carry trades from 7c out to 7 1/2c.  Sep/Dec wheat trades from 8 1/2c out to 9c.   Dec wheat/corn trades from 1.52 1/2c down to 1.44 1/2c.&nbs...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.43/bushel, down $0.1825 from yesterday's close.  Sep 21 Wheat closed at $6.84/bushel, down $0.0825 from yesterday's close.  Nov 21 Soybeans closed at $13.5175/bushel, down $0.105 from yesterday's close.  Dec 21 Soymeal closed at $356.2/short ton, down $9...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Weak Technicals; Livestock Markets Digest New Data

The CBOT pulled back again on Friday with weak technical conditions in corn and soybeans contributing to early declines. U.S. weather forecasts are mostly hot and dry still, but recent European model runs show greater precipitation for the central U.S. That put a bearish bias in the CBOT today...

wheat livestock soy-oilseeds

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

PM Post - Bailing Out for the Weekend

THE OPEN November beans:  5 lower December meal:  3.80 lower December soyoil:  90 higher December corn:  1 1/4 lower December wheat:  3 3/4 higher The markets opened as expected with more profit-taking as funds remain long and the weaker technical picture, lower demand...

feed-grains soy-oilseeds wheat

AM Outlook - Unwinding

GOOD MORNING, Prices are mixed this morning with higher oilshare and soyoil and firm wheat, vs. weaker beans, meal, and corn.   Traders were busy unwinding previous oilshare values this week on the back of the Administration's delay to defining biofuel mandates, but that correction se...

feed-grains soy-oilseeds wheat

Technical Views - Still Sideways

SPREADS We continue to see positive crush margins in the US, with August at 99c/bu and Sep. at 1.31c/bu.  August oilshare trades to 47.70% and Sep. is at 47.25%.  Sep/Dec meal trades from $3.40 carry out to $3.90.  August/Nov bean inverse trades from a low of 49 1/4c up to 54 1/4...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Whiplash

While the gyrations in the equities market are based on things like earnings and risks from inflation or COVID, agricultural commodities are all about the weather. It is the known unknown and there will not be any clarity for a while yet. In a brief reflection of diversity (different commoditie...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.6125/bushel, down $0.0725 from yesterday's close.  Sep 21 Wheat closed at $6.9225/bushel, down $0.185 from yesterday's close.  Nov 21 Soybeans closed at $13.6225/bushel, down $0.275 from yesterday's close.  Dec 21 Soymeal closed at $366/short ton, down $8...

feed-grains soy-oilseeds wheat

PM Post - Weather or Not

THE OPEN November beans: 25 lower December meal: 5.60 lower December soyoil:  130 pts lower December corn:  13 lower December wheat:  14 lower Prices opened lower as values overall remain in large sideways patterns.  End-users sought coverage as weather still remains questio...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 473,200 metric tons (MT) for 2021/2022 were up 11 percent from the previous week and 44 percent from the prior 4-week average. Corn:  Net sales reductions of 88,500 MT for 2020/2021 were down noticeably from the previous week and from the prior 4-week average.&nbs...

feed-grains soy-oilseeds wheat

AM Outlook - Weathered Downward

GOOD MORNING, Prices took a turn lower as selling surfaced in Minneapolis wheat as rains crossed areas of Canada and the Great Lakes region.  Minneapolis Sep. wheat travels 60c off the highs on Monday.  Canola futures are lower as well, taking soyoil prices down with it.   P...

feed-grains soy-oilseeds wheat

Technical Views - Sideways and Lower

SPREADS August crush trades to 95c/bu while oilshare trades to 46.76%.  Sep/Dec corn trades up to 4 1/2c from 3 1/2c while Dec/March carry trades from 7c out to 7 1/2c.  Sep/Dec wheat trades from 8 1/2c out to 9c.   Dec wheat/corn trades from 1.52 1/2c down to 1.44 1/2c.&nbs...

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