World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Wheat was the star of the CBOT as declining EU and Black Sea production estimates sparked short covering and risk-on trade. Yield prospects across Southern Russia have been disappointing, furthering the CBOT rally. Corn was eventually pulled higher by the wheat market while the soy complex remained on the defensive for most of the day. Funds continued to book profits in soybeans and soyoil, contributing to the market pressure. If not covering shorts or booking profits, most CBOT trade was focused on positioning for the upcoming July WASDE to be released on Friday.  Brazil’s CONAB increased its estimate of the 2019/20 Brazilian soybean crop to 120.9 MMT, up from 120.4 MMT in June. USDA has maintained its forecast for the same cro...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close.  Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.  Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close.  Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...

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