There didn’t seem to be a great deal of excitement in the grain and oilseed markets this week as prices just seemed to be drifting. Concern is increasing in Argentina about the rain effect on the soybean harvest but the weather guys say that hot and dry weather is approaching – so the harvest may just be all fine..................please click PDF to see more details

The USDA’s Prospective Plantings report was a surprise for soybean people as the USDA has estimated plantings higher than anyone had expected and, I guess, a surprise too for corn folks as the corn acres are lower........please see PDF to see more details

One would be very hard pressed to find any grain/oilseed prices that moved higher this week. Corn prices dropped by USD 4 to 5 m/t while soybeans were down by USD 7 to 9 m/t and soybean meal was down by about USD 10 m/t. The same goes for wheat where US soft red winter wheat was down by about USD 4 m/t while hard red winter wheat slipped by USD 7 to 10 m/t...........please click PDF to see more details

It seemed like a quiet week in the grain markets – at least judging by the price changes all look quiet. Of course, no week in the grain business is actually all that quiet, even if there are no major changes in prices.........please click PDF to see more details