Another busy week in the grain/oilseed/protein business with not quite as much tariff related market excitement. USA corn prices were up by about USD 5 m/t for the week with soybeans also up by USD 4 or 5 m/t. Soymeal was almost unchanged for the week. USA winter wheat prices were higher by USD 6 or 7 m/t with spring wheat only up by about USD 4 m/t.....please click PDF to see more details

It was a short work week in the USA following the Monday holiday but the market still tried to do exciting things --- probably due to the everchanging tariff situation and the possible reciprocal tariffs from major grain/oilseed importing regions. At this time what may happen with the EU and China and reciprocal tariffs are in question ---- the USA doubling of the import tariff on steel and aluminum will exacerbate the situation with both China and the EU.......please click PDF to see more details

Monday May 26 is a holiday in the USA so grain markets will be closed. Corn prices in the US were up by about USD 6 m/t this week with soybeans up by about USD 4 m/t and soymeal also higher but by USD 5 m/t. US winter wheat increased by about USD 7 m/t while US spring wheat increased by USD 12 m/t......please click PDF to see more details

Looking at USA futures prices, US corn was down by about USD 3 on the week with soybeans seen as up by only a couple of dollars m/t and soymeal not changing much – perhaps up by a dollar or two. USA HRW wheat was up by perhaps one dollar m/t while US spring wheat was lower by about USD 7 m/t......please click PDF to see more details