World Perspectives

Wheat Recent Wheat Analysis

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 30,300 metric tons (MT) for 2020/2021 were down noticeably from the previous week and down 61 percent from the prior 4-week average.  Corn:  Net sales reductions of 113,400 MT for 2020/2021--a marketing-year low--were down noticeably from the previous week an...

feed-grains soy-oilseeds wheat

AM Outlook - Weather, Stocks and Funds

GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend.  The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn.  End-users continue...

feed-grains soy-oilseeds wheat

Technical Views - All Going Down

SPREADS July crush trades to 74c/bu while oilshare trades to 42.68%.  Inverses remain well supported with July/Nov beans trading to 1.95c to 2.08c.  July /Dec meal is weaker trading down to $24.50 from $28.50.  July/Dec corn trades from 1.23c down to 1.12 3/4c inverse.  July...

wheat

WASDE Wheat

WHEAT:  The initial outlook for 2021/22 U.S. wheat is for smaller supplies, higher domestic use, lower exports, and reduced stocks.  Supplies are projected down 3 percent from 2020/21 on lower carry-in stocks offsetting higher production and imports.  All wheat production is proj...

feed-grains soy-oilseeds wheat

Market Commentary: Unsurprising Surprise

Today’s USDA WASDE report was not what the trade thought, and yet it was not caught flat-footed. To some degree this is because years of guessing wrong on what USDA will say, it simply takes it as another observation point and not necessarily the Bible. This was reinforced by the fact tha...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 21 Corn closed at $7.1475/bushel, down $0.075 from yesterday's close.  Jul 21 Wheat closed at $7.2975/bushel, down $0.12 from yesterday's close.  Jul 21 Soybeans closed at $16.425/bushel, up $0.2775 from yesterday's close.  Jul 21 Soymeal closed at $448.8/short ton, up $1.8 f...

feed-grains soy-oilseeds wheat

PM Post - Mixed Bag

THE OPEN July beans:  19 higher July meal:  1.40 higher July soyoil:  99 higher July corn:  1 higher July wheat:  5 lower The markets opened as called but bean prices traded sharply higher and into new contract highs into the morning trade along with soyoil.  Grain...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 3-7 May 2021 Corn, barley, and wheat prices on the domestic market grew following global trends. The export milling wheat average price grew to $276/MT FOB Black Sea. The average purchase price grew to RUB 15,600/MT CPT-port Black Sea. Feed barley average export price gre...

feed-grains soy-oilseeds wheat

AM Outlook - WASDE a Reference, Not the Bible

GOOD MORNING, The bulls continue to roll on with more strength overnight emanating from a strong close and reversal from Monday's weakness that more or less aided in defining trading range lows.  The May Supply and Demand report will be released at 11:00 central time.  The reaction to...

feed-grains soy-oilseeds wheat

Technical Views - Two Sides of a Report

SPREADS July crush falls to 74.32c/bu while oilshare trades higher to 42.24%.  Bull spreads see more strength with Jul/Nov beans trading up to 2.04 3/4, past the prev. high of 2.00c.  July /Dec meal trades to a new high of $29.60 inverse from $25.70.  July/Dec corn trades to a hi...

feed-grains soy-oilseeds wheat

Summary of Futures

CORN July 2021 ($/bu) $7.2225 WHEAT July 2021 ($/bu) $7.4175 HARD RED WINTER WHEAT July 2021 $7.1050 HARD RED SPRING WHEAT July 2021 $7.7050 SOYBEANS July 2021 ($/bu) $16.1475 SOYBEAN MEAL July 2021 ($/short ton) $447.00 SOYBEAN OIL July 2021 (cents/lb) 64.80 LIVE CATTLE June 2021 ($/cwt) $118...

feed-grains soy-oilseeds wheat

Market Commentary: End-Users Bid CBOT Higher Ahead of WASDE

The CBOT started the day lower with continued fund liquidation in the major ag commodities. End-users, however, stepped up and offered support at key technical levels, which allowed the markets to firm and rally into the close. Soybeans were the upside leader for the day, buoyed by new contract...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 30,300 metric tons (MT) for 2020/2021 were down noticeably from the previous week and down 61 percent from the prior 4-week average.  Corn:  Net sales reductions of 113,400 MT for 2020/2021--a marketing-year low--were down noticeably from the previous week an...

feed-grains soy-oilseeds wheat

AM Outlook - Weather, Stocks and Funds

GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend.  The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn.  End-users continue...

feed-grains soy-oilseeds wheat

Technical Views - All Going Down

SPREADS July crush trades to 74c/bu while oilshare trades to 42.68%.  Inverses remain well supported with July/Nov beans trading to 1.95c to 2.08c.  July /Dec meal is weaker trading down to $24.50 from $28.50.  July/Dec corn trades from 1.23c down to 1.12 3/4c inverse.  July...

wheat

WASDE Wheat

WHEAT:  The initial outlook for 2021/22 U.S. wheat is for smaller supplies, higher domestic use, lower exports, and reduced stocks.  Supplies are projected down 3 percent from 2020/21 on lower carry-in stocks offsetting higher production and imports.  All wheat production is proj...

feed-grains soy-oilseeds wheat

Market Commentary: Unsurprising Surprise

Today’s USDA WASDE report was not what the trade thought, and yet it was not caught flat-footed. To some degree this is because years of guessing wrong on what USDA will say, it simply takes it as another observation point and not necessarily the Bible. This was reinforced by the fact tha...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 21 Corn closed at $7.1475/bushel, down $0.075 from yesterday's close.  Jul 21 Wheat closed at $7.2975/bushel, down $0.12 from yesterday's close.  Jul 21 Soybeans closed at $16.425/bushel, up $0.2775 from yesterday's close.  Jul 21 Soymeal closed at $448.8/short ton, up $1.8 f...

feed-grains soy-oilseeds wheat

PM Post - Mixed Bag

THE OPEN July beans:  19 higher July meal:  1.40 higher July soyoil:  99 higher July corn:  1 higher July wheat:  5 lower The markets opened as called but bean prices traded sharply higher and into new contract highs into the morning trade along with soyoil.  Grain...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 3-7 May 2021 Corn, barley, and wheat prices on the domestic market grew following global trends. The export milling wheat average price grew to $276/MT FOB Black Sea. The average purchase price grew to RUB 15,600/MT CPT-port Black Sea. Feed barley average export price gre...

feed-grains soy-oilseeds wheat

AM Outlook - WASDE a Reference, Not the Bible

GOOD MORNING, The bulls continue to roll on with more strength overnight emanating from a strong close and reversal from Monday's weakness that more or less aided in defining trading range lows.  The May Supply and Demand report will be released at 11:00 central time.  The reaction to...

feed-grains soy-oilseeds wheat

Technical Views - Two Sides of a Report

SPREADS July crush falls to 74.32c/bu while oilshare trades higher to 42.24%.  Bull spreads see more strength with Jul/Nov beans trading up to 2.04 3/4, past the prev. high of 2.00c.  July /Dec meal trades to a new high of $29.60 inverse from $25.70.  July/Dec corn trades to a hi...

feed-grains soy-oilseeds wheat

Summary of Futures

CORN July 2021 ($/bu) $7.2225 WHEAT July 2021 ($/bu) $7.4175 HARD RED WINTER WHEAT July 2021 $7.1050 HARD RED SPRING WHEAT July 2021 $7.7050 SOYBEANS July 2021 ($/bu) $16.1475 SOYBEAN MEAL July 2021 ($/short ton) $447.00 SOYBEAN OIL July 2021 (cents/lb) 64.80 LIVE CATTLE June 2021 ($/cwt) $118...

feed-grains soy-oilseeds wheat

Market Commentary: End-Users Bid CBOT Higher Ahead of WASDE

The CBOT started the day lower with continued fund liquidation in the major ag commodities. End-users, however, stepped up and offered support at key technical levels, which allowed the markets to firm and rally into the close. Soybeans were the upside leader for the day, buoyed by new contract...

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