There didn’t seem to be a great deal of excitement in the grain and oilseed markets this week as prices just seemed to be drifting.
Concern is increasing in Argentina about the rain effect on the soybean harvest but the weather guys say that hot and dry weather is approaching – so the harvest may just be all fine..................please click PDF to see more details

The USDA’s Prospective Plantings report was a surprise for soybean people as the USDA has estimated plantings higher than anyone had expected and, I guess, a surprise too for corn folks as the corn acres are lower........please see PDF to see more details

One would be very hard pressed to find any grain/oilseed prices that moved higher this week. Corn prices dropped by USD 4 to 5 m/t while soybeans were down by USD 7 to 9 m/t and soybean meal was down by about USD 10 m/t. The same goes for wheat where US soft red winter wheat was down by about USD 4 m/t while hard red winter wheat slipped by USD 7 to 10 m/t...........please click PDF to see more details

It seemed like a quiet week in the grain markets – at least judging by the price changes all look quiet. Of course, no week in the grain business is actually all that quiet, even if there are no major changes in prices.........please click PDF to see more details

Depending on who you talk to, US corn prices are down on the week between USD 6 to 9 m/t but soybeans were down even further at USD 9 to 12 m/t lower – soymeal prices were also down but not as much at just USD 5 or so per m/t lower. The same situation was seen in US wheat where winter wheats were down by USD 4 to 8 m/t and spring wheat down by about USD 4 m/t.........please click PDF to see more details

It was a bit of an up week this week with corn moving about USD 5 m/t higher and about the same for soybeans – soymeal was pretty well unchanged on the week and winter wheat prices were perhaps a couple of bucks up..........please click PDF to see more details

The USDA held its annual Outlook Forum this week and the projections issued at the forum were probably a little positive for wheat and soybeans but even for corn. According to some in the trade there was nothing new for the market to consider or at least not much that will affect current prices.......please click PDF to see more details

It was another week of slipping grain and oilseed prices with soybeans and soymeal being the biggest losers. Soybeans were down by about USD 10 m/t with soymeal following at about USD 5 m/t lower for export. Corn prices were a little lower on the week but we still have the port logistics problems that are keeping the near-term prices at a few dollars premium over shipments a few weeks out.

The report is a little late this week as my wife and I took advantage of a last minute deal to Cannes and are now enjoying three days on the Med.
Also, I am sending this week’s report from my travelling computer and the weekly report mailing list may not be as up to date as my office computer is.................please click PDF to see more details

Soybeans and soymeal had an exciting week this week with both moving lower. Soybeans dropped by USD 8 to 10 m/t while soymeal was closer to USD 11 m/t lower. Market reports say that anticipation of wheat next week’s USDA WASDE report has to say caused the weakness. There were some private estimates of soybean production in Brazil and Argentina that suggested that production will not be dropping at all...............please click PDF to see more details