World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grains Sink on Technicals While Soy Firms on Financial Aid Hopes

The CBOT saw diverging trade on Tuesday with the grains – corn and wheat – seeing weaker trade while soybeans and soyoil managed to push higher and further elevate crush margins. Technical factors were dominant in corn and wheat trade while soybeans and soyoil saw more support from hopes that President Trump would announce some sort of relief package for farmers affected by the tariff war. Overall, one got the sense the market is trying to remain patient amid the government shutdown and lack of USDA reports/data, which constrained some of the day’s action. It’s also notable that periods of large supplies and carryout stocks also typically see lower-than-normal volatility as the extra supplies act as a buffer for pric...

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

WHEAT As February draws to a close, wheat exports during the first quarter of the marketing year (December–February) are approaching 10 MMT, compared with a five-year average of 5 MMT. Argentina’s ample wheat supply continues to weigh on both global and domestic prices. The country...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds further expanding long positions across the major ag futures contracts for the sixth straight week. Funds added 176,000 contracts (60 percent) to their all-ags net long position, with strong and mostly uniform buying across the ag sector.  The soy co...

feed-grains soy-oilseeds wheat

Market Commentary: Green Despite Many Obstacles

There was mostly green on the board for Friday and for the week as a whole. Another contract high was printed by soyoil as higher energies, higher inflation, and heightened geopolitical tensions all favored commodities.  There are some topical contrasts. For example, the cattle market is t...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

WHEAT As February draws to a close, wheat exports during the first quarter of the marketing year (December–February) are approaching 10 MMT, compared with a five-year average of 5 MMT. Argentina’s ample wheat supply continues to weigh on both global and domestic prices. The country...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds further expanding long positions across the major ag futures contracts for the sixth straight week. Funds added 176,000 contracts (60 percent) to their all-ags net long position, with strong and mostly uniform buying across the ag sector.  The soy co...

feed-grains soy-oilseeds wheat

Market Commentary: Green Despite Many Obstacles

There was mostly green on the board for Friday and for the week as a whole. Another contract high was printed by soyoil as higher energies, higher inflation, and heightened geopolitical tensions all favored commodities.  There are some topical contrasts. For example, the cattle market is t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, up $0.05 from yesterday's close.  May 26 Wheat closed at $5.915/bushel, up $0.17 from yesterday's close.  May 26 Soybeans closed at $11.7075/bushel, up $0.0725 from yesterday's close.  May 26 Soymeal closed at $320.5/short ton, down $0.4 from...

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