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04 Jun 2018 -
Hammersmith
This was a short week in the US with Monday being a holiday. The shorter week didn’t stop prices from falling lower. The USDA crop progress report this week showed that corn planting is all up to average (just as we had expected) and that even winter wheat condition had improved a little...............please click PDF to see more details
29 May 2018 -
CFO Exclusive
RMB cash bid would be showing a quiet period and steady at …
28 May 2018 -
Hammersmith
Monday is a holiday in the US so week ending prices do tend to do funny things in advance of a long weekend – no traders want to hold open positions for a three day weekend, just too much risk.
Soybeans, soymeal and wheat were all strong this week as corn prices just followed along, ending the week up just a shade. Soybeans were up by about USD 16 m/t on the week while soymeal was up by about USD 8 m/t for later delivery. Winter wheat prices were up by USD 9-10 m/t with spring wheat up by USD 5-6 m/t.................please click PDF to see more details
22 May 2018 -
CFO Exclusive
RMB cash bid could be firm at current range in a short term due to…
21 May 2018 -
Hammersmith
Other than wheat prices there was not a great deal of change in US grain and oilseed prices this week.
Corn prices were up a little on the week, probably due to continued dryness in Brazil and the concern over the corn crop. Some experts are cutting the estimates of the Brazil crop by 10% but there is so much corn around that this may not cause a serious price rally.............please click PDF to see more details
14 May 2018 -
Hammersmith
It was another down week for grains and oilseeds this week – everything was lower: corn down by about USD 3 m/t, soymeal down USD 14 to 15 m/t, soybeans down by about USD 12 m/t, hard red winter wheat down by USD 14 m/t and soft red winter wheat down by about USD 10 m/t – even spring wheat was down by USD 6 m/t.
The USDA WASDE report that was issued this week was supposed to be bullish – that is what all the experts were saying --- and it was bullish for about five minutes than the bears got into the market and prices fell rapidly..................please click PDF to see more details
14 May 2018 -
CFO Exclusive
The recent depreciated RMB currency may top up some landed…
07 May 2018 -
Hammersmith
Corn prices moved higher this week with very good export sales and shipments and limited farmer selling. Everyone is expected to be watching the corn planting numbers on Monday – the numbers will be higher but don’t look to be able to catch up to the average yet. The situation is still very dry in Brazil which is certainly bullish for corn prices. Also, the stronger US dollar will make US corn exports a little less competitive in some markets. The current trend for corn prices would seem to be to higher levels..........please click PDF to see more details
07 May 2018 -
CFO Exclusive
Chinese domestic aquatic breeding with its fresh water species would be stronger…..
01 May 2018 -
CFO Exclusive
RMB cash market keeps weak while inventory resumes increment ….