It was a short work week in the US following the holiday last Monday but there was still time to push prices lower on the week. Looking at US futures, corn was down by about USD 5 to 6 m/t, soybeans down by USD 4 to 5 m/t, soymeal down by about USD 3 m/t. Wheat prices were steady on the week with a range of up or down a dollar a ton or so........please click PDF to see more details

Monday is a holiday in the US so the grain markets and most business will be closed for the day. As has been said before – a three day weekend normally starts with price changes that mean nothing as buyers and sellers in the US are just evening their order books before the long weekend. Looking at how the futures markets finished the week, things seemed quite calm for corn with prices almost unchanged on the week. Soybeans did finish the week about USD 5 m/t higher.................please click PDF to see more details

The reducing USD quotes and the prospective fishmeal supply would push ….

So, this was USDA WASDE week and the market certainly did react – corn price dropped by about USD 15 m/t, soybeans down by just about USD 5 m/t with soymeal close to USD 5 m/t lower, winter wheat was down by USD 9 to 10 m/t with spring wheat down by close to USD 5 m/t. Farm gate prices are said to be down even further than export and futures prices.........please click PDF to see more details