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soy-oilseeds

Oilseed Highlights – WASDE Strengthens the Floor

The Market Today’s USDA August WASDE was bullish because it showed fewer soybeans, and the market reacted by shaving almost 1 percent off the November futures contract and making it an almost 2 percent reduction in soybean prices for the week. But after brutal weather in July, it was an expected story.  Predicting what numbers USDA would put into its August WASDE was deemed a challenge, and it was. Few in the trade expected a yield increase and, based on the experience of the past several years, there was a good chance that expectations for yield and output would be below the USDA number. Reuter’s analyst Karen Braun did her own survey of readers and found more expecting a number that would be to the higher side of estima...

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U.S. July Fourth Holiday

Please note that Ag Perspectives will not be published tomorrow, Thursday, 4 July 2024 in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Friday, 5 July 2024. Enjoy the holiday!...

feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Extends Rally while Corn, Wheat Move Lower

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Transatlantic Monopsonists; Ex-Im Battle Continues

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.195/bushel, down $0.0175 from yesterday's close.  Sep 24 Wheat closed at $5.74/bushel, down $0.07 from yesterday's close.  Nov 24 Soybeans closed at $11.215/bushel, up $0.085 from yesterday's close.  Dec 24 Soymeal closed at $329.2/short ton, up $0.9 from...

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