The biggest news this week was the signing of a 120-day agreement for the export of grain from both Ukraine and Russia Black Sea ports. Renewal beyond 120 days is possible if both Ukraine and Russia agree......please click PDF to see more details

This was quite an up and down week with USDA WASDE reports and stories of possible improvement in Ukraine grain exports. With a week of somewhat bullish WASDE, strong US dollar, hot and dry weather in the US and disappointing weekly exports, it seemed the market couldn’t be too sure on which way it wanted to go.......please click PDF to see more details

Next week is USDA WASDE week which may or may not shake up the markets. According to trade reports on Friday, most experts feel that the USDA report will be bullish. Expert also feel that from now on the USA weather will be the major factor affecting grain/oilseed prices although the strength in the US$ will also be a major factor to importers of US grains.....please click PDF to see more details

Monday, July 04 is a holiday in the USA for Independence Day, probably the most important holiday of the year for the US. Everything is closed and everybody is celebrating.
It was quite an interesting week for grain and oilseed prices this week. Corn and wheat prices.......please click PDF to see more details

Comments from experts at the end of the week tended to feel that lower prices this week were caused by concerns over China’s economic situation and the stronger US dollar.
One thing that lower wheat prices did accomplish was to get all the major government wheat buyer.......please click PDF to see more details

Monday is a holiday in the US, so grain markets and most companies will be closed.
This week we had US corn up by USD 4 or 5 m/t while soybeans dropped by almost USD 15 m/t and soymeal moved higher by USD 5 m/t.......please click PDF to see more details 

This week was USDA WASDE week and, as expected, there seemed to be no major surprises in this month’s report. The WASDE shows higher world stocks for corn and soybeans with lower stocks for wheat. Most of the corn ending stocks growth is in Ukraine due to the inability to export corn......please click PDF to see more details

Amazing how a couple of words from Russia can cause the market to drop much lower. While it does seem that there “might” be a compromise on some grain shipments out of the Ukraine, it may be that the “consideration” demanded by Russia may be too high to allow it to work.........please PDF to see more details

Monday is a holiday in the USA with all grain markets closed for the day which normally means that the Friday before a long weekend is a day of covering open positions, taking profits and making sure that risks are avoided.
Corn and wheat had a strong Friday as traders covered their short positions before the holiday. Corn prices still ended lower on the week and ......please click PDF to see more details

I was at GrainCom 2022 in Geneva this week and didn’t hear any positive reports or see any smiling faces. Most opinions were that come August/September the world grain situation will probably be worse than it is today – this due to Black Sea problems, drought reduced crop yields in Europe and the USA and perhaps India......please click PDF to see more details