World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  It was a short trading week in Argentina with holidays on Monday, Thursday, and Friday and the CBOT being closed on Wednesday, all of which led to low activity for the week. Origination and FOB markets were quiet for both corn and wheat. Presently, with a weekly progress of almost 20 percent, wheat planting has reached 65 percent of the expected area. Despite a lack of soil moisture in many areas, especially the nucleus region, and delays in the soybean harvest, wheat planting intentions keep increasing. The Buenos Aires Grain Exchange increased the planting intention by 100,000 ha, from 6.2 to 6.3 Mha. Production margins, which were very poor during January, February, and March, began to improve in April but deteriorated aga...

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feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Strong Dollar; Cattle Surge on Inventory Numbers

The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of February. Also pressuring grain futures was an improved forecast for Argentina, a surge in the U.S. dollar, and sharply lower energy markets. Th...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close.  Mar 26 Soybeans closed at $10.6025/bushel, down $0.04 from yesterday's close.  Mar 26 Soymeal closed at $294.5/short ton, up $0...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

South America Weather Overview Argentina received some rainfall this week, but precipitation was concentrated in the northeast and western regions, with accumulations well below crop requirements. Looking ahead, temperatures are expected to rise over the coming days, with highs between 36°C...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Strong Dollar; Cattle Surge on Inventory Numbers

The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of February. Also pressuring grain futures was an improved forecast for Argentina, a surge in the U.S. dollar, and sharply lower energy markets. Th...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close.  Mar 26 Soybeans closed at $10.6025/bushel, down $0.04 from yesterday's close.  Mar 26 Soymeal closed at $294.5/short ton, up $0...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

South America Weather Overview Argentina received some rainfall this week, but precipitation was concentrated in the northeast and western regions, with accumulations well below crop requirements. Looking ahead, temperatures are expected to rise over the coming days, with highs between 36°C...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds building their net long position across the major ag futures contracts for the second straight week. Funds added 108,000 contracts to their all-ags net long position last week, with buying in soyoil and CBOT wheat driving most of that increase.  The...

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