This week was USDA WASDE week and, as expected, there seemed to be no major surprises in this month’s report. The WASDE shows higher world stocks for corn and soybeans with lower stocks for wheat. Most of the corn ending stocks growth is in Ukraine due to the inability to export corn......please click PDF to see more details

Amazing how a couple of words from Russia can cause the market to drop much lower. While it does seem that there “might” be a compromise on some grain shipments out of the Ukraine, it may be that the “consideration” demanded by Russia may be too high to allow it to work.........please PDF to see more details

Monday is a holiday in the USA with all grain markets closed for the day which normally means that the Friday before a long weekend is a day of covering open positions, taking profits and making sure that risks are avoided. Corn and wheat had a strong Friday as traders covered their short positions before the holiday. Corn prices still ended lower on the week and ......please click PDF to see more details

I was at GrainCom 2022 in Geneva this week and didn’t hear any positive reports or see any smiling faces. Most opinions were that come August/September the world grain situation will probably be worse than it is today – this due to Black Sea problems, drought reduced crop yields in Europe and the USA and perhaps India......please click PDF to see more details