22 Feb 2018

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Weekly Report

E.g., 22/02/2018
E.g., 22/02/2018
19 Feb 2018 - Hammersmith
Monday is a holiday in the US – Presidents’ Day – businesses, banks and the CBOT will be closed. Soybeans and soymeal certainly led the market higher this week with soybeans up by about USD 14 m/t while soymeal was bumping on USD 30 m/t higher. Possible soybean harvest delays in Brazil along with continued dry weather in Argentina pushed soybean prices higher. Also, private estimates are saying that the Brazilian government soybean crop estimates could be 5 million m/t too high. Certainly some good reasons to push up soybean/soymeal prices.........................please click PDF to see more details
12 Feb 2018 - Hammersmith
Ah, this was the week of the USDA WASDE report and, as usual, it is never quite what we expected. Perhaps, it is also true that the volatility in the world stock exchanges is having a bigger effect on commodity prices than the WASDE – or even the downs and ups of the US dollar. With corn, the feeling was that the WASDE was a little supportive due to the lower ending stocks numbers, but corn futures ended the week with little or no change. For soybeans, the WASDE was seen as being bearish due to the USDA’s higher crop estimate but then the drop in the Argentina soybean crop forecast from the Argentina government certainly changed the market ideas when it came in about 4 million m/t below the USDA estimates.............please click PDF to see more details
06 Feb 2018 - CFO Exclusive
RMB cash bid would be quietly stable during Feb 8 and 25 where the common inland transportation would…
05 Feb 2018 - Hammersmith
Looking at market prices this week, the only grain to show much strength was wheat – hard red winter in particular. The winter wheat crop was said to be quite vulnerable to the cold weather and a lack of snow cover in major HRW areas created concern. The weather forecast did change on Friday and there seems to be some snow in the forecast which will offer better protection to the wheat........please click PDF to see more details
29 Jan 2018 - Hammersmith
Again this week, soybeans/soymeal were the hot item – soybean prices have rallied by USD 18 to 20 m/t in the past two weeks and the rally may not be over. As was reported last week, the continued heavy rains in Brazil have badly delayed the harvest of the soybean crop and is making the planting of the corn crop more difficult. However, a couple of weather reports have said the rains will stop shortly and while that may get the soybeans harvested what will happen with the planting of the second corn crop. You can’t put corn in the ground if the soybeans are still there............please click PDF to see more details
29 Jan 2018 - CFO Exclusive
Such a shorter fishing can hardly comfort all those pre-sold contracts to Chinese…
23 Jan 2018 - CFO Exclusive
China ports have received fishmeal cargoes from other resources during the …
22 Jan 2018 - Hammersmith
This week, all the excitement was in the soybean/soymeal market as the dryness in Argentina push soybean prices to their three-month high. There has also been very slow soybean harvesting in Brazil that added even more upward pressure to bean prices. Argentina had been expecting rain for last week and some did appear, but it was not as good as had been hoped or as was needed --- there seems to be a serious risk that the low rainfall will result in lower soybean yields in Argentina...............please click PDF to see more details
16 Jan 2018 - CFO Exclusive
Though Peru resumes fishing, the best estimation at the anchovy catching may not …..
15 Jan 2018 - Hammersmith
As most experts had predicted, the USDA WASDE report this week was bearish for corn and soybeans but the bearish numbers for winter wheat did come as a surprise. With winter wheat it seems that farmers in the US just planted a lot more than had been expected............please click PDF to see more details

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