We had a down week for corn and wheat prices again this week while soybeans and soymeal were the steady items in the market. Corn price dropped by about USD 5 m/t while winter wheat prices were down by USD 3 to 4 m/t.

It seemed like a quieter week for grain/oilseed prices this week, especially in the futures market where all looked quite calm – except perhaps for US winter wheat which continued to drop lower in price.

Of course, the big news of the week for the US was the USDA WASDE report and its bearish projections on most everything. The projections were not really all that bearish but they were higher for estimate harvest and yields than most of the private forecasters has expected. The higher than expected yields and crops certainly crashed the market on Thursday........please click PDF to see more details

It was another down week for prices for US grains and oilseeds – everything was lower. In the futures market, the week ended with corn down by about USD 3 m/t. soybeans down by USD 19 m/t and soy meal down USD 18 to 20 m/t. Even wheat was lower with hard red winter wheat down USD 8 m/t and soft red winter down by close to USD 9 m/t and spring wheat down by USD 8 m/t............please click PDF to see more details

It was a down week for grain prices this week – everything was down a little: corn prices were down by about USD 2 m/t, soybeans were down by USD 3 m/t, soymeal down by USD 8 m/t and even soft winter wheat was down by USD 6 m/t and hard red winter down by about USD 5 m/t...........please click PDF to see more details

Perhaps a little quieter in the grain/oilseed markets this week, although not all would agree.  The week ended on a down day for prices but still for corn, soybeans and soymeal we had an up week in the market. Corn was only up a couple of dollars on the week while soybeans were up USD 7 or 8 m/t and soymeal up USD 6 m/t or so.............please click PDF to see more details 

Well, that was quite an exciting week for prices – soybeans up by at least USD 20 m/t, soymeal up by 22 to 24 m/t and corn, not quite so strong, up by about USD 5 m/t. The rally in spring wheat prices slowed to a crawl but winter wheat was up by USD 5 or 6 m/t...........please click PDF to see more details

This week's report may be a little shorter than usual as I have travelling all week – Geneva and Rome – so have not had the time to keep up with everything.
So, how was that for the week!!! Corn process up by USD 6 to 7 m/t, soybeans up by USD 14 to 15 m/t, soymeal up by USD 11 to 12 m/t and then there was wheat with winter wheat being up by USD 17 to 18 m/t while the concerns for spring wheat pushed prices up by USD 35 to 37 m/t..........................please click PDF to see more details

It was an interesting week in the US grain markets with most everything, except spring wheat, moving lower.
The US weather for corn continues to look quite good and several experts are saying that the corn condition report from the USDA will show improved corn this coming week. The better the corn condition: the better the crop and probably, the weaker the corn price. After all we are now in a weather market so will just let the weather.............please click PDF to see more details 

Other than higher wheat prices on the week the grain and oilseed market look quite boring with not a great deal of market moving news or rumors. From here on in the US grain prices will be driven by what is happening in the weather – every market-report this week has been totally weather related........please click PDF to see more details