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22 May 2017 -
hammersmith
Comparing the end of the week prices this week with last week makes it all look very quiet but there was enough activity during the week to make things a little exciting. The week ended with not much happening to corn prices, even though they were up a little on Friday, while both soybeans and soymeal moved lower on the week: USD 4 m/t for beans and USD 6 m/t or so for soymeal. Winter wheat was steady but spring wheat had a nice little USD 4 to 5 m/t price rally..............please click PDF to see more details
16 May 2017 -
CFO Exclusive
for producing local rapeseed meals, the monthly crushing of April has performed 144% of that vol. of last June…
15 May 2017 -
hammersmith
The USDA WASDE report was the big news this week but judging by the activity in prices it was not too exciting a report. From a corn point of view then report overall was quite neutral with crops up in some areas and down in others but with ending world corn stocks expected to be about 13 percent lower. There was very little change in US corn numbers although there were some post-report comments that corn use in ethanol should have increased – perhaps in the next report........please click PDF to see more details
09 May 2017 -
CFO Exclusive
The progressively catching volume in Peru and the jumping up stockpiles at China ports become facts …
08 May 2017 -
hammersmith
It looks like the big news in the US this week was that surprise snowfall in winter wheat country and the flooding in corn and soybean regions. So now the winter wheat crop may be in question while the farmers can’t get into the fields to plan corn and beans........please click PDF to see more details
02 May 2017 -
hammersmith
There were some weather-related ups and downs in US grain and oilseed prices this week. Crop planting progress was not a good as the trade had hoped --- corn planting was held back by cold and wet weather. However, knowing the US farmer, give them a little sunshine and they will quickly catch up on the planting. The weather forecasts for the next couple of weeks look much drier and a little warmer, so the farmers will be out planting like mad. With the extremely high level of mechanization and computerization in farming in the US, planting can be done in a wink – or so it seems.........please click PDF to see more details
02 May 2017 -
CFO Exclusive
Cash trend of RMB market would be keeping weak prior to seeing any supportive summer breeding …
26 Apr 2017 -
CFO Exclusive
Chinese fishmeal users have mostly thought cash trend would rather be hesitant before seeing more progress at fishing…
24 Apr 2017 -
hammersmith
It was another down week for most everything – in the futures market corn was down by about USD 5 to 6 m/t, soybeans down by around USD 2 m/t, soymeal down by USD 8 m/t and winter wheat down by USD 8 m/t. The drop in futures prices does not always get reflected in export prices but you can be quite sure that with everything lower, the trend in export prices should also be to lower, barring any logistics problems that could keep export prices up..........please click PDF to see more details
18 Apr 2017 -
hammersmith
This week is a holiday week in many countries with some closed last Thursday and Friday and others closed next Monday. These three/four day weekends can lead to very strange price action as many traders, especially futures traders, try to cover their positions in advance of a long weekend --- no one wants to take on a three-day risk.
Grain markets in the US and Europe were closed in Friday but earlier in the week we did have a small rally in all grain and soybean/soymeal prices..........