How is that for an exciting week – my goodness. Nearby corn prices in the USA are up by about USD 28 m/t with new crop corn prices up by about USD 18 m/t. Soybean prices were up by almost USD 40 m/t for current business and USD 26 m/t up for new crop soybeans. Soymeal too had a strong week with most dates to the end of 2021 being up by USD 20 m/t........please click PDF to see more details

We had another up week for prices for grains and oilseeds this week ---corn prices were up by about USD 4 m/t, but new crop US corn is still at a USD 20 to 25 m/t discount to old crop. Soybeans were up by USD 11 m/t for nearby shipment with new crop US soybeans at about a USD 40 m/t discount to old crop. US winter wheat prices rallied by USD 5 to 8 m/t and spring wheat moved higher by about USD 4 m/t........please click PDF to see more details

So, Friday was USDA-WASDE day – the day that we all look towards to set market tone and direction for the next few weeks. Most experts say that this month’s report had little long-term effect on prices as much of what was new was not really new – like Brazil crop size. .....please click PDF to see more details

It is a holiday weekend in the US and most of the Christian world due to Easter holidays --- some countries, like the USA, were closed on Friday while others, like France, are closed on Monday.
Looking at the way the prices ended on Thursday before the US holiday it isn’t possible to see how much up and down there was in prices during the week --- it was sure exciting.......please click PDF to see more details

This week was another week of lower prices for almost everything – soybeans dropped by about USD 5 m/t, corn was down by just USD 2 m/t with winter wheat down by USD 5 to 7 m/t and spring wheat down by USD 4 m/t........please click PDF to see more details

US corn, soybeans and soymeal had a strong finish to the week that turned a down week into an up week. However, US wheat was stuck with a down week. US soybeans rallied about USD 9 m/t of Friday after a lower week and finished off almost unchanged on the week, but soymeal did finish off higher by almost USD 8 m/t. After a USD 7 m/t rally on Friday, corn prices ended the week about USD 5 m/t higher. US winter wheat was the loser on the week dropping between USD 5 and 7 m/t.......please click PDF to see more details

US corn, soybeans and soymeal had a strong finish to the week that turned a down week into an up week. However, US wheat was stuck with a down week. US soybeans rallied about USD 9 m/t of Friday after a lower week and finished off almost unchanged on the week, but soymeal did finish off higher by almost USD 8 m/t. After a USD 7 m/t rally on Friday, corn prices ended the week about USD 5 m/t higher. US winter wheat was the loser on the week dropping between USD 5 and 7 m/t.......please click PDF to see more details

So, here we are just after USDA WASDE week and we see prices lower for most everything. Soymeal was the weakest item this week dropping by USD 18 m/t for May futures. Soybeans were down by about USD 7 m/t with corn for May only being down by about USD 3 m/t. US hard red winter wheat was down by USD 8 m/t with US spring wheat down by USD 3 or 4 m/t.  ......please click PDF to see more details

Once again this week, soybeans were the price leader with markets moving higher by about USD 10 m/t. All US grains and oilseeds finished the week strongly – perhaps in anticipation of the USDA WASDE report next week with Friday being an up day for prices on most everything........please click PDF to see more details

US soybeans were up in price again this week -- by about USD 8 to 10 m/t – but the last two days of the week were very up and down in prices with the range on some days being USD 10 to 12 m/t. Just like the soybean market can’t decide what to do. China and South America are the main drivers of the soybean/soymeal markets with concern of China’s consumption......please click PDF to see more details