World Perspectives

Wheat Recent Wheat Analysis

feed-grains soy-oilseeds wheat

Market Commentary: Wow, Some Fun Information!

USDA’s much anticipated Prospective Plantings and Quarterly Stocks reports had few shockers, but they did shuffle the board a bit. First, the top line stuff: Corn Planted area was expected to drop due to higher input costs and lower prices, but USDA’s 90-million-acre number was at t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.42/bushel, up $0.1525 from yesterday's close.  May 24 Wheat closed at $5.6025/bushel, up $0.1275 from yesterday's close.  May 24 Soybeans closed at $11.915/bushel, down $0.01 from yesterday's close.  May 24 Soymeal closed at $337.7/short ton, down $1.3 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for period March 15-21, 2024. Wheat:  Net sales of 339,600 metric tons (MT) for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Export shipments of 408,900 MT were up 3 percent from the previous week, but do...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.0575 from yesterday's close.  May 24 Wheat closed at $5.475/bushel, up $0.04 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.065 from yesterday's close.  May 24 Soymeal closed at $339/short ton, down $0.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Acreage Outlooks Weaken Corn, Soy; Wheat Gains on Firmer Russian Offers

Trade at the CBOT was mostly lower heading into Thursday’s Grain Stocks and Prospective Plantings reports from the USDA, but wheat futures managed to find midday support and settle higher. Wheat’s strength came from another week of cautious gains in Russian FOB offers, which is seen...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 18–22 March 2024 The Russian domestic grain market saw depreciation of milling wheat and a slight depreciation of feed wheat, while feed corn also started to appreciate - most probably because of softer export duties. For the upcoming week, exports of feed corn from...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Sinks on Risk-Off Trade; Cattle Futures Crash on HPAI Discovery

Reactions to news headlines dominated Tuesday’s commodity trade with markets selling off in defensive, risk-off price action. As is discussed in more detail below and in nearby pages, bearish news hit the markets from the overnight collapse of a bridge in Baltimore, Maryland that closed t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.325/bushel, down $0.0525 from yesterday's close.  May 24 Wheat closed at $5.435/bushel, down $0.115 from yesterday's close.  May 24 Soybeans closed at $11.99/bushel, down $0.1025 from yesterday's close.  May 24 Soymeal closed at $339.8/short ton, down $1...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s Prime minister says that the prices of essential goods will drop by 15 to 20 percent in coming days. He added that $4.5 billion of goods delayed in ports due to unavailable foreign exchange will now...

feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Leads CBOT with Vegoil Rally

The biggest moves in ag commodity futures are in the vegoil markets right now, with stronger Malaysian palm oil exports and drought threats pushing values higher. Last week, Malaysian palm oil scored new contract highs and helped CBOT soyoil rally, and similar trends developed in Monday’s...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3775/bushel, down $0.015 from yesterday's close.  May 24 Wheat closed at $5.55/bushel, up $0.0025 from yesterday's close.  May 24 Soybeans closed at $12.0925/bushel, up $0.1675 from yesterday's close.  May 24 Soymeal closed at $341.7/short ton, up $2.6 fr...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Russia’s grain stocks at the end of February totaled 28 MMT, down 2.7 percent compared to the prior year. Wheat stocks of 17.5 MMT were up 1.1 percent from February 2023 while corn stocks fell 10 percent over that period to 2.9 MMT. Oilseed stocks totaled 4 MMT (up 5 p...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn The Buenos Aires Grain Exchange lowered its forecast of Argentina’s corn harvest estimate by 2.5 MMT down to 54 MMT last week. The main reasons are the February heatwave (which affected the mid- and late-season corn), excessive rainfall, and inclement weather that caused yield losses...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3925/bushel, down $0.015 from yesterday's close.  May 24 Wheat closed at $5.5475/bushel, up $0.08 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.195 from yesterday's close.  May 24 Soymeal closed at $339.1/short ton, down $5.2...

soy-oilseeds softs biofuel

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

Market Commentary: Wheat Gains on EU Tariffs; Soy, Corn Drift Lower Before Stocks, Acres Reports

The wheat market was the surprising upside leader for the day with Matif Paris futures posting large gains after sources said the EU Commission is considering applying a €95/MT tariff on Russian wheat imports. That strength spilled over into the U.S. markets, though U.S. wheat exports are...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.4075/bushel, up $0.0175 from yesterday's close.  May 24 Wheat closed at $5.4675/bushel, up $0.0175 from yesterday's close.  May 24 Soybeans closed at $12.12/bushel, up $0.025 from yesterday's close.  May 24 Soymeal closed at $344.3/short ton, up $1.8 from...

feed-grains soy-oilseeds wheat

Market Commentary: Bullish Outside Markets and a Spring Rally

Although it didn’t start out that way, today’s trading ended mostly in the green for grains and soybeans despite continued weak fundamentals and large net shorts positions by speculators. For the trading week, May corn is now up 4 cents, May soybeans have gained 13.75 cents, and May...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 8-14, 2024 Wheat:  Net sales reductions of 109,600 metric tons (MT) for 2023/2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Export shipments of 395,900 MT were down 13 percent from the previous...

feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Rallies on Vegoil Strength; Record Cow-Calf Profits Forecast for 2024

The CBOT largely reversed the trends of the prior two days as wheat futures pulled back while the soy complex jumped to sharp gains and the corn market saw quiet strength. The soy complex is reacting to growing strength in broader vegoil markets, especially Malaysian palm oil, and that fundamen...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.39/bushel, down $0.005 from yesterday's close.  May 24 Wheat closed at $5.45/bushel, down $0.075 from yesterday's close.  May 24 Soybeans closed at $12.095/bushel, up $0.24 from yesterday's close.  May 24 Soymeal closed at $342.5/short ton, up $8.6 from y...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 11–15 March 2024 Russian grain markets remained slightly bullish in the south and Volga valley. However, export prices did not react immediately despite a decreased export duty and weaker RUB. In fact, a weaker RUB is better for Russian grain exports which are at hi...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Gains Continue while Corn, Soy Slide Sideways

The CBOT was mostly sideways on Tuesday with traders consolidating positions ahead of next week’s Grain Stocks and Planting Intentions reports. Fresh fundamental news was light, which left corn and the soy complex to drift sideways/lower while wheat futures pushed higher with support comi...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.395/bushel, up $0.035 from yesterday's close.  May 24 Wheat closed at $5.525/bushel, up $0.0975 from yesterday's close.  May 24 Soybeans closed at $11.855/bushel, down $0.0225 from yesterday's close.  May 24 Soymeal closed at $333.9/short ton, up $2 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Grain information and activity in the MEA region was reduced greatly this past week as it was the first week of Ramadan with reduced working hours for businesses, banks and government offices.   Pakistan...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Complex Pause Rallies while Technical Buying Lifts Wheat

When markets opened on Monday there were just nine trading sessions before the quarterly Grain Stocks and Acreage Intentions reports from USDA, which meant that traders were focused on adjusting positions and forecasts ahead of those numbers. Beyond that, the weather is the market’s prima...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.36/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.4275/bushel, up $0.1425 from yesterday's close.  May 24 Soybeans closed at $11.8775/bushel, down $0.105 from yesterday's close.  May 24 Soymeal closed at $331.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Intense rains have fallen over practically all of Argentina’s agricultural region in the last few days, delaying the corn harvest. The reported weekly progress was only 1 percent, and the total harvested area stands at only 3.2 percent. Several days of good weather will be nece...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The EU Commission is proposing new support measures for farmers after widespread protests rocked the region in recent weeks. Farmers were pushing back against the suite of regulations aimed at making European farming more climate friendly. Russia attacked the Ukrainian port...

feed-grains soy-oilseeds wheat

Market Commentary: Technical Trade Dominates on Quiet Fundamentals

The CBOT was mixed to end the week with scant, fresh fundamental news leading to more technically-oriented trade over the past few weeks. Wheat futures were the downside leader as deteriorating chart conditions and China’s recent cancellations of U.S. SRW export bookings weighed on trader...

softs feed-grains wheat

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

Summary of Futures

May 24 Corn closed at $4.3675/bushel, up $0.03 from yesterday's close.  May 24 Wheat closed at $5.285/bushel, down $0.0375 from yesterday's close.  May 24 Soybeans closed at $11.9825/bushel, up $0.03 from yesterday's close.  May 24 Soymeal closed at $334.7/short ton, down $2.7 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 1-7, 2024. Wheat:  Net sales of 83,800 metric tons (MT) for 2023/2024--a marketing-year low--were down 69 percent from the previous week and 71 percent from the prior 4-week average. Export shipments of 453,500 MT were up 23 percent from the previous we...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3375/bushel, down $0.075 from yesterday's close.  May 24 Wheat closed at $5.3225/bushel, down $0.12 from yesterday's close.  May 24 Soybeans closed at $11.9525/bushel, down $0.015 from yesterday's close.  May 24 Soymeal closed at $337.4/short ton, up $1 f...

feed-grains soy-oilseeds wheat

Market Commentary: Quirky Export Sales and Low Momentum

Equities markets reacted negatively to inflationary U.S. economic indictors and spread a risk-off mentality to commodities. The dollar rose in response to likely continued high interest rates, dampening export prospects.   Soymeal and lean hogs were the only commodities to end in the...

feed-grains soy-oilseeds wheat

Market Commentary: Lower Volume Except in Soyoil and Cattle

For most commodities it was a lackluster day but there was higher volume trading in soyoil and cattle. Palm oil was the support behind soyoil and cattle values push higher as slaughter falters and demand for boxed beef remains supportive.  The U.S. Energy Information Agency (EIA) reported...

feed-grains soy-oilseeds wheat

Market Commentary: Wow, Some Fun Information!

USDA’s much anticipated Prospective Plantings and Quarterly Stocks reports had few shockers, but they did shuffle the board a bit. First, the top line stuff: Corn Planted area was expected to drop due to higher input costs and lower prices, but USDA’s 90-million-acre number was at t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.42/bushel, up $0.1525 from yesterday's close.  May 24 Wheat closed at $5.6025/bushel, up $0.1275 from yesterday's close.  May 24 Soybeans closed at $11.915/bushel, down $0.01 from yesterday's close.  May 24 Soymeal closed at $337.7/short ton, down $1.3 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for period March 15-21, 2024. Wheat:  Net sales of 339,600 metric tons (MT) for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Export shipments of 408,900 MT were up 3 percent from the previous week, but do...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.0575 from yesterday's close.  May 24 Wheat closed at $5.475/bushel, up $0.04 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.065 from yesterday's close.  May 24 Soymeal closed at $339/short ton, down $0.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Acreage Outlooks Weaken Corn, Soy; Wheat Gains on Firmer Russian Offers

Trade at the CBOT was mostly lower heading into Thursday’s Grain Stocks and Prospective Plantings reports from the USDA, but wheat futures managed to find midday support and settle higher. Wheat’s strength came from another week of cautious gains in Russian FOB offers, which is seen...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 18–22 March 2024 The Russian domestic grain market saw depreciation of milling wheat and a slight depreciation of feed wheat, while feed corn also started to appreciate - most probably because of softer export duties. For the upcoming week, exports of feed corn from...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Sinks on Risk-Off Trade; Cattle Futures Crash on HPAI Discovery

Reactions to news headlines dominated Tuesday’s commodity trade with markets selling off in defensive, risk-off price action. As is discussed in more detail below and in nearby pages, bearish news hit the markets from the overnight collapse of a bridge in Baltimore, Maryland that closed t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.325/bushel, down $0.0525 from yesterday's close.  May 24 Wheat closed at $5.435/bushel, down $0.115 from yesterday's close.  May 24 Soybeans closed at $11.99/bushel, down $0.1025 from yesterday's close.  May 24 Soymeal closed at $339.8/short ton, down $1...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s Prime minister says that the prices of essential goods will drop by 15 to 20 percent in coming days. He added that $4.5 billion of goods delayed in ports due to unavailable foreign exchange will now...

feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Leads CBOT with Vegoil Rally

The biggest moves in ag commodity futures are in the vegoil markets right now, with stronger Malaysian palm oil exports and drought threats pushing values higher. Last week, Malaysian palm oil scored new contract highs and helped CBOT soyoil rally, and similar trends developed in Monday’s...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3775/bushel, down $0.015 from yesterday's close.  May 24 Wheat closed at $5.55/bushel, up $0.0025 from yesterday's close.  May 24 Soybeans closed at $12.0925/bushel, up $0.1675 from yesterday's close.  May 24 Soymeal closed at $341.7/short ton, up $2.6 fr...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Russia’s grain stocks at the end of February totaled 28 MMT, down 2.7 percent compared to the prior year. Wheat stocks of 17.5 MMT were up 1.1 percent from February 2023 while corn stocks fell 10 percent over that period to 2.9 MMT. Oilseed stocks totaled 4 MMT (up 5 p...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn The Buenos Aires Grain Exchange lowered its forecast of Argentina’s corn harvest estimate by 2.5 MMT down to 54 MMT last week. The main reasons are the February heatwave (which affected the mid- and late-season corn), excessive rainfall, and inclement weather that caused yield losses...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3925/bushel, down $0.015 from yesterday's close.  May 24 Wheat closed at $5.5475/bushel, up $0.08 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.195 from yesterday's close.  May 24 Soymeal closed at $339.1/short ton, down $5.2...

soy-oilseeds softs biofuel

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

Market Commentary: Wheat Gains on EU Tariffs; Soy, Corn Drift Lower Before Stocks, Acres Reports

The wheat market was the surprising upside leader for the day with Matif Paris futures posting large gains after sources said the EU Commission is considering applying a €95/MT tariff on Russian wheat imports. That strength spilled over into the U.S. markets, though U.S. wheat exports are...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.4075/bushel, up $0.0175 from yesterday's close.  May 24 Wheat closed at $5.4675/bushel, up $0.0175 from yesterday's close.  May 24 Soybeans closed at $12.12/bushel, up $0.025 from yesterday's close.  May 24 Soymeal closed at $344.3/short ton, up $1.8 from...

feed-grains soy-oilseeds wheat

Market Commentary: Bullish Outside Markets and a Spring Rally

Although it didn’t start out that way, today’s trading ended mostly in the green for grains and soybeans despite continued weak fundamentals and large net shorts positions by speculators. For the trading week, May corn is now up 4 cents, May soybeans have gained 13.75 cents, and May...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 8-14, 2024 Wheat:  Net sales reductions of 109,600 metric tons (MT) for 2023/2024--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Export shipments of 395,900 MT were down 13 percent from the previous...

feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Rallies on Vegoil Strength; Record Cow-Calf Profits Forecast for 2024

The CBOT largely reversed the trends of the prior two days as wheat futures pulled back while the soy complex jumped to sharp gains and the corn market saw quiet strength. The soy complex is reacting to growing strength in broader vegoil markets, especially Malaysian palm oil, and that fundamen...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.39/bushel, down $0.005 from yesterday's close.  May 24 Wheat closed at $5.45/bushel, down $0.075 from yesterday's close.  May 24 Soybeans closed at $12.095/bushel, up $0.24 from yesterday's close.  May 24 Soymeal closed at $342.5/short ton, up $8.6 from y...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 11–15 March 2024 Russian grain markets remained slightly bullish in the south and Volga valley. However, export prices did not react immediately despite a decreased export duty and weaker RUB. In fact, a weaker RUB is better for Russian grain exports which are at hi...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Gains Continue while Corn, Soy Slide Sideways

The CBOT was mostly sideways on Tuesday with traders consolidating positions ahead of next week’s Grain Stocks and Planting Intentions reports. Fresh fundamental news was light, which left corn and the soy complex to drift sideways/lower while wheat futures pushed higher with support comi...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.395/bushel, up $0.035 from yesterday's close.  May 24 Wheat closed at $5.525/bushel, up $0.0975 from yesterday's close.  May 24 Soybeans closed at $11.855/bushel, down $0.0225 from yesterday's close.  May 24 Soymeal closed at $333.9/short ton, up $2 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Grain information and activity in the MEA region was reduced greatly this past week as it was the first week of Ramadan with reduced working hours for businesses, banks and government offices.   Pakistan...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Complex Pause Rallies while Technical Buying Lifts Wheat

When markets opened on Monday there were just nine trading sessions before the quarterly Grain Stocks and Acreage Intentions reports from USDA, which meant that traders were focused on adjusting positions and forecasts ahead of those numbers. Beyond that, the weather is the market’s prima...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.36/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.4275/bushel, up $0.1425 from yesterday's close.  May 24 Soybeans closed at $11.8775/bushel, down $0.105 from yesterday's close.  May 24 Soymeal closed at $331.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn  Intense rains have fallen over practically all of Argentina’s agricultural region in the last few days, delaying the corn harvest. The reported weekly progress was only 1 percent, and the total harvested area stands at only 3.2 percent. Several days of good weather will be nece...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The EU Commission is proposing new support measures for farmers after widespread protests rocked the region in recent weeks. Farmers were pushing back against the suite of regulations aimed at making European farming more climate friendly. Russia attacked the Ukrainian port...

feed-grains soy-oilseeds wheat

Market Commentary: Technical Trade Dominates on Quiet Fundamentals

The CBOT was mixed to end the week with scant, fresh fundamental news leading to more technically-oriented trade over the past few weeks. Wheat futures were the downside leader as deteriorating chart conditions and China’s recent cancellations of U.S. SRW export bookings weighed on trader...

softs feed-grains wheat

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

Summary of Futures

May 24 Corn closed at $4.3675/bushel, up $0.03 from yesterday's close.  May 24 Wheat closed at $5.285/bushel, down $0.0375 from yesterday's close.  May 24 Soybeans closed at $11.9825/bushel, up $0.03 from yesterday's close.  May 24 Soymeal closed at $334.7/short ton, down $2.7 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 1-7, 2024. Wheat:  Net sales of 83,800 metric tons (MT) for 2023/2024--a marketing-year low--were down 69 percent from the previous week and 71 percent from the prior 4-week average. Export shipments of 453,500 MT were up 23 percent from the previous we...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3375/bushel, down $0.075 from yesterday's close.  May 24 Wheat closed at $5.3225/bushel, down $0.12 from yesterday's close.  May 24 Soybeans closed at $11.9525/bushel, down $0.015 from yesterday's close.  May 24 Soymeal closed at $337.4/short ton, up $1 f...

feed-grains soy-oilseeds wheat

Market Commentary: Quirky Export Sales and Low Momentum

Equities markets reacted negatively to inflationary U.S. economic indictors and spread a risk-off mentality to commodities. The dollar rose in response to likely continued high interest rates, dampening export prospects.   Soymeal and lean hogs were the only commodities to end in the...

feed-grains soy-oilseeds wheat

Market Commentary: Lower Volume Except in Soyoil and Cattle

For most commodities it was a lackluster day but there was higher volume trading in soyoil and cattle. Palm oil was the support behind soyoil and cattle values push higher as slaughter falters and demand for boxed beef remains supportive.  The U.S. Energy Information Agency (EIA) reported...

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