The always surprising WASDE report was surprising once again – certainly more bearish than many experts thought that it would be. Corn prices finished the week down by about USD 6 m/t while soybeans faired a little better dropping by just USD 5 m/t and soymeal slipped by USD 8 to 10 m/t. All in all, wheat prices didn’t change at all........please click PDF to see more details

Corn prices did very little this week with very little excitement in the corn market. US corn exports were quite good and were higher than some experts had thought would happen. There was some concern in part of the US about too much rain and the possibility of flood fields – but this certainly didn’t push corn prices higher. Next week we will have the USDA yield estimates so that could change market direction, although no one seems to be expecting any USDA surprises..............please click PDF to see more details

The grain/oilseed markets were a little quieter this week – perhaps due to the US holiday on Monday. Soybean prices were down by about USD 5 m/t this week along with soymeal which was down by close to USD 10 m/t – the soya prices just keep moving lower. Although both soybeans and soymeal had an up day on Friday or their prices would have been even lower.............please click PDF to see more details

Cash trend of white fishmeal, MBM and other poultry meal have shown uptrend…