This week was USDA WASDE week and it seemed to be much of a non-event – there were no real surprises in the report and the market just went on trading facts rather than projections. For the week, we had weakness in USA winter wheat prices while US soymeal surged higher. USA corn and soybeans had a quiet week for a change..........please click PDF to see more details

It was a week for much lower US wheat prices with prices dropping by USD 10 to 16 m/t depending on the wheat type and the specifications. Trade reports say that the lower prices for wheat were related mainly to the new wheat quota set by Russia for February to June. As was noted by the trade, wheat prices will still be long-term bullish, but Russia’s action may just create a little short term over supply and weaker prices. Of course, we may just see wheat prices rally right back up come Monday......please click PDF to see more details

With this week being a short working week in the USA – many businesses were closed on Thursday and Friday for Thanksgiving holiday – the activity in the grain/oilseed markets was not at normal volume levels. However, even with days off there was still some activity in the markets........please click PDF to see more details

The USA Thanksgiving holiday is coming up at the end of next week so we may find that things are very quiet for the week since many offices/companies will only be working for three days. Of course, lots of strange things can happen to prices during holiday weeks – we will just have to wait and see......please click PDF to see more details