Sorry that I am a day late with this week’s report. I didn’t get back from the European Commodity Exchange event until late Saturday – and the with a devil of a cold. It was much colder in Rouen than I had expected – that is what happens when you live in the warmer south of France. Other than a little rally in wheat prices on Friday, we had a down week for almost everything, except corn. Corn ended up unchanged on the week while US soybeans were down by about USD 5 m/t and soymeal down by about the same....................please click PDF to see more details

This coming week is the European Grain Bourse in Rouen, France – there should be at least 2,500 grain people wandering around the conference center, hoping to make new contacts or meet old friends. I will be there on behalf of the US Grains Council, so keep an eye out for me........please click PDF to see more details

This week was the USDA-WASDE week and, as usual, the report was able to surprise a number of experts. The report did lower estimated corn yields and thus total corn production while reducing soybean production due to smaller planting. However, we are still looking at a record soybean crop and the second largest corn crop so there should be enough supply to go around......please click PDF to see more details.

This week was an up week for all US grains/oilseeds/meals with corn prices moving up by about USD 5 to 6 m/t, soybeans up by USD 8 to 10 m/t, soymeal up by USD 10 m/t and even wheat prices were able to rally by about USD 5 m/t..........please click PDF to see more details