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

The more fishing the more reducing at RMB cash trend during lockdowns, though currency moves up landed cost….

Prices in the US were sort of up and down this week – corn finished the week with both old crop and new crop moving about USD 10 m/t higher. Old crop corn remains at about a USD 20 m/t premium over new crop. Soybeans had a relatively quiet week for prices by soymeal did drop by close to USD 20 m/t. Winter wheat was also down quite a bit with Soft Red dropping by about USD 7 m/t while Hard Red was down by closer to USD 15 m/t........please click PDF to see more details

USA corn prices were quite steady this week with no softening of prices seen until new crop later in the year. New crop corn prices are indicated at about USD 25 m/t lower than May prices. USA old crop soybeans moved higher by about USD 10 m/t this week while soymeal was quite steady. US winter what was lower on the week by as much as USD 10 m/t, depending on the type, while spring wheat moved higher by USD 6 to 8 m/t........please click PDF to see more details