This week was USDA WASDE week and it seemed to be much of a non-event – there were no real surprises in the report and the market just went on trading facts rather than projections.
For the week, we had weakness in USA winter wheat prices while US soymeal surged higher. USA corn and soybeans had a quiet week for a change..........please click PDF to see more details 

It was a week for much lower US wheat prices with prices dropping by USD 10 to 16 m/t depending on the wheat type and the specifications. Trade reports say that the lower prices for wheat were related mainly to the new wheat quota set by Russia for February to June. As was noted by the trade, wheat prices will still be long-term bullish, but Russia’s action may just create a little short term over supply and weaker prices. Of course, we may just see wheat prices rally right back up come Monday......please click PDF to see more details

With this week being a short working week in the USA – many businesses were closed on Thursday and Friday for Thanksgiving holiday – the activity in the grain/oilseed markets was not at normal volume levels. However, even with days off there was still some activity in the markets........please click PDF to see more details

The USA Thanksgiving holiday is coming up at the end of next week so we may find that things are very quiet for the week since many offices/companies will only be working for three days. Of course, lots of strange things can happen to prices during holiday weeks – we will just have to wait and see......please click PDF to see more details

Goodness…what an up week this week for grains and oilseeds: USA corn was up by almost USD 10 m/t, soybeans moved higher by close to USD 15 m/t while soymeal saw a jump of close to USD 30 m/t. USA wheat prices were also strong with spring wheat getting almost USD 20 m/t and winter wheat up between USD 17 and 20 m/t......please click PDF to see more details

This week, the pre-WASDE week, was a down week for almost all USA grain and oilseed prices. Corn prices dropped by about USD 6 m/t with soybeans down by around USD 15 m/t. US winter wheat was not too much lower at USD 2 to 3 m/t lower while spring wheat was very weak dropping by almost USD 15 m/t.......please click PDF to see more details

So, how did we do this week --- well, corn prices in the US moved about USD 12 m/t higher with soybeans up by about USD 7 m/t, soymeal up be close to USD 7 m/t and all US wheat moving higher, especially spring wheat which was up by about USD 15 m/t with winter wheat up by closer to USD 6 m/t.....please click PDF to see more details
 

USA wheat prices were strong this week with winter wheat up by USD 8 to 10 m/t and spring wheat up by even more at about USD 15 m/t higher. Corn prices were up by about USD 5 m/t and soymeal was up by USD 10 or 11 m/t, but soybeans didn’t change at all on the week........please click PDF to see more details

Soybeans seemed to be the weakest item in the grain/oilseed markets this week – down by about USD 10 m/t until Friday when things moved up a little and the week finished with soybean down by about USD 8 m/t. The late in the week rally is tied to the soybean sales to China and expectation of much more to come.......please click PDF to see more details

Next week is the week for the USDA-WASDE report – always an exciting time. Some reports on Friday seemed to feel that next week’s report will be bullish and that we could see a rally in corn prices, but no one seemed to be too sure about soybean and wheat prices.......please click PDF to see more details