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30 Apr 2018 -
Hammersmith
It was much of an up week for prices this week as the US crop progress report (see below) was very supportive of higher prices.
Corn was up by close to USD 5 m/t in the week but other than slow planting in the US no one much can see a good reason for higher corn prices. The farmers are out in the fields this week planting like mad and it won’t take them long to get the corn in the ground --- assuming decent planting weather for a while. Experts feel that next weeks crop progress report will show corn planting in the US at about 20 percent, but this is still well below the level normally seen – 40% planted would be more normal...........please click PDF to see more details
23 Apr 2018 -
Hammersmith
Quite a down week this week for all US prices. Corn prices were not down too much compared to soybeans at only about USD 4 m/t lower while soybeans dropped by about USD 9 m/t and soymeal was down by USD 7 to 8 m/t. Wheat prices were also lower with winter wheat slipping by about USD 4 m/t and spring wheat by about USD 8 m/t...........please click PDF to see more details
23 Apr 2018 -
CFO Exclusive
The anchovy catching in terms of volume moves on track so far though….
17 Apr 2018 -
CFO Exclusive
RMB cash bid keeps downtrend while anchovy catching performs….
16 Apr 2018 -
Hammersmith
The US grain and oilseed markets ended the week on a down note as improved weather in the US helped push prices down as did concern over the US/China trade problems. However, most experts seemed to be much more concerned with the rainfall than with Trump and China.
Even with a weak Friday, soybean prices were still up by close to USD 8 m/t on the week........please click PDF to see more details
09 Apr 2018 -
Hammersmith
The trade situation with China was the main point of interest for grain and oilseed people this week and soybeans slipped lower on China concerns. Trade fights aside, soybeans had a very good export week and it will be interesting to see if the export volume continues.
Soybean prices in the US were down about USD 4 m/t on the week with soymeal prices down by about the same amount. Argentina’s soybean production estimates were lowered again this week...........please click PDF to see more details
09 Apr 2018 -
CFO Exclusive
Peru’s bigger-than-usual anchovy quota announced, soon to reduce RMB cash bid….
03 Apr 2018 -
Hammersmith
As was to be expected the USDA Quarterly Stocks and Planting Intentions report was the excitement of the week. Reported stocks in the report were above what the trade had expected for both corn and soybeans and close to expectations for wheat – both corn and soybean stock levels were higher than March 2017 with soybean stocks much higher. Certainly bearish stocks for corn and soybeans...........please click PDF to see more details
03 Apr 2018 -
CFO Exclusive
China may gain up baby pig population to reduce impact brought by trade conflicts with ….
26 Mar 2018 -
Hammersmith
Ah, it is all in the rainfall isn’t it! Or, if it is not rainfall, it is the reaction to US trade restrictions.
The US had some quite good rainfall this week which was good for thirsty wheat and in advance for corn and soybeans – nothing like building the ground moisture level to help he next crop.........please click PDF to see more details