This week, all the excitement was in the soybean/soymeal market as the dryness in Argentina push soybean prices to their three-month high. There has also been very slow soybean harvesting in Brazil that added even more upward pressure to bean prices.
Argentina had been expecting rain for last week and some did appear, but it was not as good as had been hoped or as was needed --- there seems to be a serious risk that the low rainfall will result in lower soybean yields in Argentina...............please click PDF to see more details 

As most experts had predicted, the USDA WASDE report this week was bearish for corn and soybeans but the bearish numbers for winter wheat did come as a surprise. With winter wheat it seems that farmers in the US just planted a lot more than had been expected............please click PDF to see more details

It is cold, cold, cold in the US and Canada which is adding to nearby logistics problems and causing some worry about the winter wheat crops.
Looking at price activity for the week: little or nothing happened to corn prices while soybeans and soymeal prices moved higher on concerns over the dry weather and the heat in Argentina and Brazil. However, forecasters are saying that Brazil should have the second largest soybean crop on record, just a little behind last year’s record harvest..........please click PDF to see more details

Yawn, yawn, yawn – well it was that kind of a week. Everyone off on holidays – trading volumes on the CBOT very low – prices for everything almost unchanged on the week.

This week was a big week for South American concerns for soybeans – at least in Argentina. According to reports at the end of the week, this week will be very critical for Argentina soybeans and corn with rain needed in much of the country. The soybean and corn plantings are about half completed but the very dry soil conditions are said to be having a bad effect on the fields planted to date with even more concern over the fields not planted......please click PDF to see more details

Another quiet week in the grain and oilseed business – expect perhaps for wheat prices which seemed willing to dip lower and lower.
Corn prices moved around in a range of only USD 2 m/t or so while soybeans and soymeal did about the same........please click PDF to see more details

Well, the USA harvest seems to be all done and all the grain is in the bin. Now all we need to know is how much did we actually end up with. Was the USDA correct in its projections – do we just have a surplus or now a huge surplus? All questions for the market to argue over and for prices to react to. In most years we will have seen the low prices of the year and from here on in prices just move higher month by month to cover storage and finance costs.

Grain markets in the US decided to try for a little rally on Friday and managed to push both soybeans and soymeal up into a positive price on the week. Even with the Friday rally corn and wheat prices were a little lower on the week.

So, this was the week for the November USDA WASDE Report and looking at the prices at the end of Friday it looks like much of a non-event.
The USDA increased expected corn yields for this year crop which pushed corn futures prices down to the low of the year. Corn stocks are forecasted to be at the highest level in 30 years. None of which was good news for prices or for farmers. However, things were not all that bad as corn futures were only down by about USD 3 m/t on the week...........please click PDF to see more details