World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Holding Breath for Monday’s WASDE

As expected, it was a lower volume trading day ahead of likely market moving USDA reports on Monday. The exceptions were HRS and lean hogs. There were also generally lower trading ranges. The soybean complex traded higher on strength in coproducts but the rest of the board was mostly in the red with HRW trading unchanged after Euronext wheat gained €0.25/MT. For the week, major agricultural commodities were largely in the green; the exceptions being cattle and HRS.

It was the first time higher in six weeks for soymeal and SRW. It was the first week lower after five higher weekly closes for cattle.  Soybeans had the first week higher after a month of lower closes.  After three weeks of lower closes, HRW made gains on weather...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4875/bushel, up $0.0025 from yesterday's close.  May 26 Wheat closed at $5.9125/bushel, down $0.0725 from yesterday's close.  May 26 Soybeans closed at $11.6725/bushel, up $0.035 from yesterday's close.  May 26 Soymeal closed at $331.8/short ton, down $0...

feed-grains soy-oilseeds wheat

Market Commentary: Rebound for Corn, Beans on Iran News; Wheat Declines

New variables specifically in the agricultural markets were light today, but the Iran war news hit some markets like a tsunami. The war and Iran’s chokehold on global oil supplies have subjugated economies for nearly seven weeks with outsized petrol prices. Everything became distorted aro...

livestock

Cattle on Feed Report: Neutral

USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more of capacity amounted to 11.6 million head, 99 percent of last year. The steer and steer calf inventory was down slightly from a year ago at 7.256 million head,...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4875/bushel, up $0.0025 from yesterday's close.  May 26 Wheat closed at $5.9125/bushel, down $0.0725 from yesterday's close.  May 26 Soybeans closed at $11.6725/bushel, up $0.035 from yesterday's close.  May 26 Soymeal closed at $331.8/short ton, down $0...

feed-grains soy-oilseeds wheat

Market Commentary: Rebound for Corn, Beans on Iran News; Wheat Declines

New variables specifically in the agricultural markets were light today, but the Iran war news hit some markets like a tsunami. The war and Iran’s chokehold on global oil supplies have subjugated economies for nearly seven weeks with outsized petrol prices. Everything became distorted aro...

livestock

Cattle on Feed Report: Neutral

USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more of capacity amounted to 11.6 million head, 99 percent of last year. The steer and steer calf inventory was down slightly from a year ago at 7.256 million head,...

feed-grains soy-oilseeds wheat

Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere

There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...

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