Recent Soy & Oilseeds Analysis
Market Commentary: Mixed Day but a Hot CoF Report After the Close
The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all week is a matter of treading water until more definitive cues emerge. In fact, today was so mixed that soybeans and soyoil fell even as typi...
Summary of Futures
May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close. May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close. May 25 Soybeans closed at $10.0975/bushel, down $0.0325 from yesterday's close. May 25 Soymeal closed at $300.3/short ton, up $3.2...
Market Commentary: Export Sales, Weather Mix the Markets
Wheat was the ball and chain while corn was the balloon in today’s trading. The weekly USDA Export Sales report from USDA was notable for wheat with washouts in old crop sales leading to a marketing year low, but new crop sales going blockbuster as Guatemala, Mexico and Panama all sought...
Export Sales
Export Sales and Shipments for March 7-13, 2025 Wheat: Net sales reductions of 248,800 metric tons (MT) for 2024/2025--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Export shipments of 470,900 MT were up noticeably from the prev...
Summary of Futures
May 25 Corn closed at $4.69/bushel, up $0.07 from yesterday's close. May 25 Wheat closed at $5.5725/bushel, down $0.0625 from yesterday's close. May 25 Soybeans closed at $10.13/bushel, up $0.0475 from yesterday's close. May 25 Soymeal closed at $297.1/short ton, down $0.6 fro...
Oilseed Highlights: U.S. Exports Stumble; China Crush Falls
The Market The weekly Export Sales report was disappointing for soybeans as old crop net sales fell by half from the prior week and new crop net sales registered only 10 KMT – down sharply from the prior week’s volume of 43.1 KMT. Old crop exports were also lower than the prio...
Market Commentary: U.S., Paris Wheat Diverge; Corn Consolidates; New Highs for Cattle
Except for the wheat market, the CBOT and CME largely continued their existing trends on Wednesday. Wheat futures offered perhaps the most interesting trade as HRW futures reversed course from their recent weather-induced rally and pulled back. The spot KCBT contract settled below $6.00, which...
Summary of Futures
May 25 Corn closed at $4.62/bushel, up $0.0325 from yesterday's close. May 25 Wheat closed at $5.635/bushel, down $0.015 from yesterday's close. May 25 Soybeans closed at $10.0825/bushel, down $0.045 from yesterday's close. May 25 Soymeal closed at $297.7/short ton, down $2.2...
Black Sea Regional Analysis
Russian Grain Markets: 10 – 14 March 2025 Probably for the first time in recent history the Russian Ministry of Agriculture has announced crop production in Russia including “new territories” (occupied territories of Ukraine). The Ministry reported that during 2024, grain prod...
Market Commentary: Grains Consolidate while Cattle Rally and Form Reversal
Once again, the big action in the ag futures markets was in the cattle markets, where futures hit new contract and all-time highs for the second straight day. Unexpected strength in the physical cattle and beef markets has propelled futures higher this week, with funds rapidly expanding already...
Summary of Futures
May 25 Corn closed at $4.5875/bushel, down $0.0225 from yesterday's close. May 25 Wheat closed at $5.65/bushel, down $0.035 from yesterday's close. May 25 Soybeans closed at $10.1275/bushel, down $0.0275 from yesterday's close. May 25 Soymeal closed at $299.9/short ton, down $...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisia and Algeria are seeing swarms of desert locusts coming from Libya on current strong winds. Both countries have taken immediate action to control the insects before serious crop damage can occur. Pakistan’s wheat prod...
Market Commentary: Mixed Day but a Hot CoF Report After the Close
The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all week is a matter of treading water until more definitive cues emerge. In fact, today was so mixed that soybeans and soyoil fell even as typi...
Summary of Futures
May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close. May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close. May 25 Soybeans closed at $10.0975/bushel, down $0.0325 from yesterday's close. May 25 Soymeal closed at $300.3/short ton, up $3.2...
Market Commentary: Export Sales, Weather Mix the Markets
Wheat was the ball and chain while corn was the balloon in today’s trading. The weekly USDA Export Sales report from USDA was notable for wheat with washouts in old crop sales leading to a marketing year low, but new crop sales going blockbuster as Guatemala, Mexico and Panama all sought...
Export Sales
Export Sales and Shipments for March 7-13, 2025 Wheat: Net sales reductions of 248,800 metric tons (MT) for 2024/2025--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Export shipments of 470,900 MT were up noticeably from the prev...
Summary of Futures
May 25 Corn closed at $4.69/bushel, up $0.07 from yesterday's close. May 25 Wheat closed at $5.5725/bushel, down $0.0625 from yesterday's close. May 25 Soybeans closed at $10.13/bushel, up $0.0475 from yesterday's close. May 25 Soymeal closed at $297.1/short ton, down $0.6 fro...
Oilseed Highlights: U.S. Exports Stumble; China Crush Falls
The Market The weekly Export Sales report was disappointing for soybeans as old crop net sales fell by half from the prior week and new crop net sales registered only 10 KMT – down sharply from the prior week’s volume of 43.1 KMT. Old crop exports were also lower than the prio...
Market Commentary: U.S., Paris Wheat Diverge; Corn Consolidates; New Highs for Cattle
Except for the wheat market, the CBOT and CME largely continued their existing trends on Wednesday. Wheat futures offered perhaps the most interesting trade as HRW futures reversed course from their recent weather-induced rally and pulled back. The spot KCBT contract settled below $6.00, which...
Summary of Futures
May 25 Corn closed at $4.62/bushel, up $0.0325 from yesterday's close. May 25 Wheat closed at $5.635/bushel, down $0.015 from yesterday's close. May 25 Soybeans closed at $10.0825/bushel, down $0.045 from yesterday's close. May 25 Soymeal closed at $297.7/short ton, down $2.2...
Black Sea Regional Analysis
Russian Grain Markets: 10 – 14 March 2025 Probably for the first time in recent history the Russian Ministry of Agriculture has announced crop production in Russia including “new territories” (occupied territories of Ukraine). The Ministry reported that during 2024, grain prod...
Market Commentary: Grains Consolidate while Cattle Rally and Form Reversal
Once again, the big action in the ag futures markets was in the cattle markets, where futures hit new contract and all-time highs for the second straight day. Unexpected strength in the physical cattle and beef markets has propelled futures higher this week, with funds rapidly expanding already...
Summary of Futures
May 25 Corn closed at $4.5875/bushel, down $0.0225 from yesterday's close. May 25 Wheat closed at $5.65/bushel, down $0.035 from yesterday's close. May 25 Soybeans closed at $10.1275/bushel, down $0.0275 from yesterday's close. May 25 Soymeal closed at $299.9/short ton, down $...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisia and Algeria are seeing swarms of desert locusts coming from Libya on current strong winds. Both countries have taken immediate action to control the insects before serious crop damage can occur. Pakistan’s wheat prod...