World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Weather Worries Wheat; Corn, Soy End Mixed Ahead of First Notice Day

The CBOT was mixed and primarily focused on the weather – both in the U.S. and Brazil – on Tuesday. The most recent Crop Progress report offered support to the wheat markets, as did this week’s forecast for wet weather across the northern Plains and parts of the SRW-growing region. Corn futures traded both sides of unchanged before settling higher in late-day trade while old crop soybean ended lower as soymeal values dropped sharply. Soyoil, however, posted its highest settlement value on a rally in crude oil and palm oil futures. Funds are thought to have bought some 4,000 contracts of wheat and 8,000 contracts of soyoil on Tuesday while selling 3,000 contracts of corn. Funds were also net sellers of 10,000 contracts of...

Related Articles
feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.655/bushel, down $0.0425 from yesterday's close.  May 26 Wheat closed at $5.9525/bushel, down $0.1275 from yesterday's close.  May 26 Soybeans closed at $11.6125/bushel, down $0.0725 from yesterday's close.  May 26 Soymeal closed at $328/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Pragmatic Escape Ahead of Weekend

On Monday of this week, traders were met with limit-down losses in soybeans, plus double-digit losses in corn, soymeal, and wheat. For many, it didn’t feel good. The war in Iran presented surprises, including the postponement of a Trump-Xi meeting expected to sell some soybeans. Fundament...

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 capacity amounted to 11.5 million head, just slightly below last year.  Marketings were 1.52 million head, at 93 percent of last year, in line with the pre...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.655/bushel, down $0.0425 from yesterday's close.  May 26 Wheat closed at $5.9525/bushel, down $0.1275 from yesterday's close.  May 26 Soybeans closed at $11.6125/bushel, down $0.0725 from yesterday's close.  May 26 Soymeal closed at $328/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Pragmatic Escape Ahead of Weekend

On Monday of this week, traders were met with limit-down losses in soybeans, plus double-digit losses in corn, soymeal, and wheat. For many, it didn’t feel good. The war in Iran presented surprises, including the postponement of a Trump-Xi meeting expected to sell some soybeans. Fundament...

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 capacity amounted to 11.5 million head, just slightly below last year.  Marketings were 1.52 million head, at 93 percent of last year, in line with the pre...

soy-oilseeds biofuel energy

Soy Product Pricing and Crush Margins Amid Energy Uncertainty

Volatility has been the key word for commodity markets lately, especially the energy complex and anything loosely tied to it. The effective derivatives of the energy complex include, through the linkages of biodiesel, soyoil, and soybeans, and these markets have seen incredible rallies this yea...

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