World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Soybeans  It seems that there were several traders who were long on positions and suddenly became nervous as the demand failed to materialize. Consequently, prices started to decline rapidly with some trading houses reaching the limits of positioning. This required some traders to sell off their positions aggressively. Chinese crushers failed to make any purchases, contributing to a further decline in the market. Consequently, the cash price also experienced a significant drop. The fall in prices attracted some demand, such as Saudi Arabia making some purchases, but overall, demand remained slow. Farmer selling is likely higher than previously estimated. Instead of 53 percent sold, it is closer to 58-60 percent due to significant pre...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed the effects of USDA’s bearish January WADSE as managed money traders expanded short positions across the ag space for the fourth straight week. Funds shed 99,000 contracts from their all-ags position last week, with selling in corn accounting for 77,000 c...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebound from WASDE Lows

By today’s close, losses in soybeans and wheat were down to fractions but corn could not fight its way back from USDA’s surprise bigger supply numbers in Monday’s WASDE. Volumes were generally light on this last day of trading ahead of Monday’s MLK holiday. Only the catt...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2475/bushel, up $0.045 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.5775/bushel, up $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $290/short ton, up $0.8 from ye...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed the effects of USDA’s bearish January WADSE as managed money traders expanded short positions across the ag space for the fourth straight week. Funds shed 99,000 contracts from their all-ags position last week, with selling in corn accounting for 77,000 c...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebound from WASDE Lows

By today’s close, losses in soybeans and wheat were down to fractions but corn could not fight its way back from USDA’s surprise bigger supply numbers in Monday’s WASDE. Volumes were generally light on this last day of trading ahead of Monday’s MLK holiday. Only the catt...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2475/bushel, up $0.045 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.5775/bushel, up $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $290/short ton, up $0.8 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Volatility Continues with Corn Less Supported than Soybeans

The market continues to look for a floor following Monday’s WASDE report, with soybeans and soyoil finding terra firma on a bullish NOPA report that showed crush at a near-record level. Volume was generally subdued but skyrocketed in soyoil as traders sought to get a piece of the rising a...

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