Recent Soy & Oilseeds Analysis
Summary of Futures
Jul 26 Corn closed at $4.02/bushel, down $0.1075 from yesterday's close. Sep 26 Wheat closed at $5.7975/bushel, down $0.1 from yesterday's close. Nov 26 Soybeans closed at $11.39/bushel, down $0.1725 from yesterday's close. Jul 26 Soymeal closed at $304.7/short ton, down $2.3...
Market Commentary: CBOT Downside Risks Rise as Funds Pad Bearish Bets, Corn Hits New Lows
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Indonesia’s B50 Mandate Reshapes Global Vegetable Oil Markets
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
WPI Crop Progress and Conditions App (Updated 29 June)
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
Mercosur Regional Analysis
Corn Argentina Argentina's corn harvest continued to advance at a moderate-to-slow pace, constrained by high moisture levels in both the grain and the fields. Harvest delays remain concentrated in the remaining early-planted corn in central and southern Buenos Aires. To date, harvesting has rea...
CFTC COT Report Analysis
Bearish sentiment continues to dominate CBOT trade, which last week resulted in the ag markets seeing another period consecutive net liquidation. Managed money traders liquidated another 84,000 contracts (42 percent) of their prior all-ags net long, extending the pullback from the largest net l...
Summary of Futures
Jul 26 Corn closed at $4.1275/bushel, down $0.02 from yesterday's close. Sep 26 Wheat closed at $5.8975/bushel, down $0.1175 from yesterday's close. Nov 26 Soybeans closed at $11.5625/bushel, down $0.0075 from yesterday's close. Jul 26 Soymeal closed at $307/short ton, down $1...
Market Commentary: Acreage Report Takes Center Stage
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
Senate Farm Bill and $11 Billion Supplemental Appropriation Request
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Summary of Futures
Jul 26 Corn closed at $4.1475/bushel, up $0.0775 from yesterday's close. Sep 26 Wheat closed at $6.015/bushel, up $0.055 from yesterday's close. Nov 26 Soybeans closed at $11.57/bushel, up $0.22 from yesterday's close. Jul 26 Soymeal closed at $308.2/short ton, up $4.6 from ye...
Market Commentary: Focus Turns to New Crop Export Sales
What You Need to Know Today: The Personal Consumption Expenditures Index (PCE) rose 4.1 percent year-over-year, in line with expectations. Core PCE, which excludes volatile energy and food prices, rose 3.4 percent year-over-year, also in line with expectations. Bayer secured a favorable Suprem...
Summary of Futures
Jul 26 Corn closed at $4.07/bushel, down $0.0275 from yesterday's close. Sep 26 Wheat closed at $5.96/bushel, down $0.01 from yesterday's close. Nov 26 Soybeans closed at $11.35/bushel, down $0.0675 from yesterday's close. Jul 26 Soymeal closed at $303.6/short ton, up $0.7 fro...
Summary of Futures
Jul 26 Corn closed at $4.02/bushel, down $0.1075 from yesterday's close. Sep 26 Wheat closed at $5.7975/bushel, down $0.1 from yesterday's close. Nov 26 Soybeans closed at $11.39/bushel, down $0.1725 from yesterday's close. Jul 26 Soymeal closed at $304.7/short ton, down $2.3...
Market Commentary: CBOT Downside Risks Rise as Funds Pad Bearish Bets, Corn Hits New Lows
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Indonesia’s B50 Mandate Reshapes Global Vegetable Oil Markets
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
WPI Crop Progress and Conditions App (Updated 29 June)
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
Mercosur Regional Analysis
Corn Argentina Argentina's corn harvest continued to advance at a moderate-to-slow pace, constrained by high moisture levels in both the grain and the fields. Harvest delays remain concentrated in the remaining early-planted corn in central and southern Buenos Aires. To date, harvesting has rea...
CFTC COT Report Analysis
Bearish sentiment continues to dominate CBOT trade, which last week resulted in the ag markets seeing another period consecutive net liquidation. Managed money traders liquidated another 84,000 contracts (42 percent) of their prior all-ags net long, extending the pullback from the largest net l...
Summary of Futures
Jul 26 Corn closed at $4.1275/bushel, down $0.02 from yesterday's close. Sep 26 Wheat closed at $5.8975/bushel, down $0.1175 from yesterday's close. Nov 26 Soybeans closed at $11.5625/bushel, down $0.0075 from yesterday's close. Jul 26 Soymeal closed at $307/short ton, down $1...
Market Commentary: Acreage Report Takes Center Stage
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
Senate Farm Bill and $11 Billion Supplemental Appropriation Request
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Summary of Futures
Jul 26 Corn closed at $4.1475/bushel, up $0.0775 from yesterday's close. Sep 26 Wheat closed at $6.015/bushel, up $0.055 from yesterday's close. Nov 26 Soybeans closed at $11.57/bushel, up $0.22 from yesterday's close. Jul 26 Soymeal closed at $308.2/short ton, up $4.6 from ye...
Market Commentary: Focus Turns to New Crop Export Sales
What You Need to Know Today: The Personal Consumption Expenditures Index (PCE) rose 4.1 percent year-over-year, in line with expectations. Core PCE, which excludes volatile energy and food prices, rose 3.4 percent year-over-year, also in line with expectations. Bayer secured a favorable Suprem...
Summary of Futures
Jul 26 Corn closed at $4.07/bushel, down $0.0275 from yesterday's close. Sep 26 Wheat closed at $5.96/bushel, down $0.01 from yesterday's close. Nov 26 Soybeans closed at $11.35/bushel, down $0.0675 from yesterday's close. Jul 26 Soymeal closed at $303.6/short ton, up $0.7 fro...