This week was another of those down weeks for corn and soybean, not so much for wheat. Corn prices dropped by about USD 5 m/t while soybeans were down by close to USD 20 m/t and soymeal dropped USD 15 to 17 m/t. Wheat was only down a tad on the week with winter wheat almost steady and but spring wheat dropping by around USD 4 m/t...........please click PDF to see more details

This was a short week in the US with Monday being a holiday. The shorter week didn’t stop prices from falling lower. The USDA crop progress report this week showed that corn planting is all up to average (just as we had expected) and that even winter wheat condition had improved a little...............please click PDF to see more details

Monday is a holiday in the US so week ending prices do tend to do funny things in advance of a long weekend – no traders want to hold open positions for a three day weekend, just too much risk.
Soybeans, soymeal and wheat were all strong this week as corn prices just followed along, ending the week up just a shade. Soybeans were up by about USD 16 m/t on the week while soymeal was up by about USD 8 m/t for later delivery. Winter wheat prices were up by USD 9-10 m/t with spring wheat up by USD 5-6 m/t.................please click PDF to see more details 

Other than wheat prices there was not a great deal of change in US grain and oilseed prices this week.
Corn prices were up a little on the week, probably due to continued dryness in Brazil and the concern over the corn crop. Some experts are cutting the estimates of the Brazil crop by 10% but there is so much corn around that this may not cause a serious price rally.............please click PDF to see more details

It was another down week for grains and oilseeds this week – everything was lower: corn down by about USD 3 m/t, soymeal down USD 14 to 15 m/t, soybeans down by about USD 12 m/t, hard red winter wheat down by USD 14 m/t and soft red winter wheat down by about USD 10 m/t – even spring wheat was down by USD 6 m/t.

Corn prices moved higher this week with very good export sales and shipments and limited farmer selling. Everyone is expected to be watching the corn planting numbers on Monday – the numbers will be higher but don’t look to be able to catch up to the average yet. The situation is still very dry in Brazil which is certainly bullish for corn prices. Also, the stronger US dollar will make US corn exports a little less competitive in some markets. The current trend for corn prices would seem to be to higher levels..........please click PDF to see more details

It was much of an up week for prices this week as the US crop progress report (see below) was very supportive of higher prices.

Quite a down week this week for all US prices. Corn prices were not down too much compared to soybeans at only about USD 4 m/t lower while soybeans dropped by about USD 9 m/t and soymeal was down by USD 7 to 8 m/t. Wheat prices were also lower with winter wheat slipping by about USD 4 m/t and spring wheat by about USD 8 m/t...........please click PDF to see more details

The US grain and oilseed markets ended the week on a down note as improved weather in the US helped push prices down as did concern over the US/China trade problems. However, most experts seemed to be much more concerned with the rainfall than with Trump and China.
Even with a weak Friday, soybean prices were still up by close to USD 8 m/t on the week........please click PDF to see more details

The trade situation with China was the main point of interest for grain and oilseed people this week and soybeans slipped lower on China concerns. Trade fights aside, soybeans had a very good export week and it will be interesting to see if the export volume continues.
Soybean prices in the US were down about USD 4 m/t on the week with soymeal prices down by about the same amount. Argentina’s soybean production estimates were lowered again this week...........please click PDF to see more details