Soybeans and soymeal had an up week this week on some feelings that the US and China could reach some agreement on the trade situation. However, by the end of the week the chance of a solution seemed to have moved a little further away which could result in soybean/meal prices moving lower again next week..........please click PDF to see more details

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

Price wise, things were not all that exciting this week – except perhaps for wheat prices. Corn, soybeans and soymeal shower very little change on the week while wheat prices did drop between USD 4 to 6 m/t.
The USDA stocks report was out this week and was a little bearish for corn as stocks were higher than expected by the trade. Some experts say that this is due to lower feed use for corn in the summer months........please click PDF to see more details 

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.

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

Once again, we had a down week for US grain prices: corn was down by about USD 6 m/t, soybeans down by USD 10 m/t, soymeal down by about USD 15 m/t --- US winter wheat down by USD 12 and spring wheat down by close to USD 10 m/t...............please click PDF to see more details