Recent Soy & Oilseeds Analysis
Summary of Futures
Dec 26 Corn closed at $4.73/bushel, up $0.055 from yesterday's close. Sep 26 Wheat closed at $6.74/bushel, down $0.0875 from yesterday's close. Nov 26 Soybeans closed at $12.2625/bushel, up $0.2325 from yesterday's close. Dec 26 Soymeal closed at $323.8/short ton, up $5.3 from...
Market Commentary: Soybeans Pop on China Buying; Weather Fuels Corn Rally; Cattle Score Reversal
What You Need to Know Today: The conflict between the U.S. and Iran continues to escalate with the two sides exchanging attacks over the weekend. President Trump said Iran “will pay” for recent attacks that claimed the lives of U.S. troops stationed in Jordan. There are some signs...
CFTC COT Report Analysis
The weather rally in conjunction with the resumption of the war in Iran and the export-tightening impacts of Russia and Ukraine’s recent attacks and counter attacks continues to drive bullish CBOT sentiments. Managed money traders purchased 93,000 contracts across the ag markets, expandin...
WPI Crop Progress and Conditions App (Updated 20 July)
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 Harvest delays continue to complicate Argentina's corn market. Persistently high humidity, combined with scattered rainfall across key producing regions, continues to slow harvest progress. In southern Buenos Aires, harvesting remains constrained by poor field access, while across central...
Summary of Futures
Dec 26 Corn closed at $4.675/bushel, up $0.035 from yesterday's close. Sep 26 Wheat closed at $6.8275/bushel, up $0.08 from yesterday's close. Nov 26 Soybeans closed at $12.03/bushel, up $0.08 from yesterday's close. Dec 26 Soymeal closed at $318.5/short ton, down $3.9 from ye...
Market Commentary: Geopolitical Tensions Driving Markets
What You Need to Know Today: The U.S. and Iran exchanged strikes, with the U.S. hitting Iranian bridges, energy sites, and military infrastructure. Iran launched a missile into Kuwait that damaged a desalination plant. Crude oil futures surged on heightened Middle East tensions, providing supp...
Summary of Futures
Dec 26 Corn closed at $4.64/bushel, down $0.055 from yesterday's close. Sep 26 Wheat closed at $6.7475/bushel, down $0.0275 from yesterday's close. Nov 26 Soybeans closed at $11.95/bushel, down $0.0675 from yesterday's close. Dec 26 Soymeal closed at $322.4/short ton, up $2.4...
Market Commentary: Cattle Markets Remain Under Pressure, China Buys More Soybeans
What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has threatened to do next week if negotiations between the two nations do not resume. President Trump is scheduled to deliver a primetime addre...
Global Soybean Crush Margin Forecasts
Key Takeaways: Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. Th...
Summary of Futures
Dec 26 Corn closed at $4.695/bushel, up $0.09 from yesterday's close. Sep 26 Wheat closed at $6.775/bushel, up $0.325 from yesterday's close. Nov 26 Soybeans closed at $12.0175/bushel, up $0.1075 from yesterday's close. Dec 26 Soymeal closed at $320/short ton, up $3.7 from yes...
Market Commentary: The Bulls Are Back in Town?
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...
Summary of Futures
Dec 26 Corn closed at $4.73/bushel, up $0.055 from yesterday's close. Sep 26 Wheat closed at $6.74/bushel, down $0.0875 from yesterday's close. Nov 26 Soybeans closed at $12.2625/bushel, up $0.2325 from yesterday's close. Dec 26 Soymeal closed at $323.8/short ton, up $5.3 from...
Market Commentary: Soybeans Pop on China Buying; Weather Fuels Corn Rally; Cattle Score Reversal
What You Need to Know Today: The conflict between the U.S. and Iran continues to escalate with the two sides exchanging attacks over the weekend. President Trump said Iran “will pay” for recent attacks that claimed the lives of U.S. troops stationed in Jordan. There are some signs...
CFTC COT Report Analysis
The weather rally in conjunction with the resumption of the war in Iran and the export-tightening impacts of Russia and Ukraine’s recent attacks and counter attacks continues to drive bullish CBOT sentiments. Managed money traders purchased 93,000 contracts across the ag markets, expandin...
WPI Crop Progress and Conditions App (Updated 20 July)
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 Harvest delays continue to complicate Argentina's corn market. Persistently high humidity, combined with scattered rainfall across key producing regions, continues to slow harvest progress. In southern Buenos Aires, harvesting remains constrained by poor field access, while across central...
Summary of Futures
Dec 26 Corn closed at $4.675/bushel, up $0.035 from yesterday's close. Sep 26 Wheat closed at $6.8275/bushel, up $0.08 from yesterday's close. Nov 26 Soybeans closed at $12.03/bushel, up $0.08 from yesterday's close. Dec 26 Soymeal closed at $318.5/short ton, down $3.9 from ye...
Market Commentary: Geopolitical Tensions Driving Markets
What You Need to Know Today: The U.S. and Iran exchanged strikes, with the U.S. hitting Iranian bridges, energy sites, and military infrastructure. Iran launched a missile into Kuwait that damaged a desalination plant. Crude oil futures surged on heightened Middle East tensions, providing supp...
Summary of Futures
Dec 26 Corn closed at $4.64/bushel, down $0.055 from yesterday's close. Sep 26 Wheat closed at $6.7475/bushel, down $0.0275 from yesterday's close. Nov 26 Soybeans closed at $11.95/bushel, down $0.0675 from yesterday's close. Dec 26 Soymeal closed at $322.4/short ton, up $2.4...
Market Commentary: Cattle Markets Remain Under Pressure, China Buys More Soybeans
What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has threatened to do next week if negotiations between the two nations do not resume. President Trump is scheduled to deliver a primetime addre...
Global Soybean Crush Margin Forecasts
Key Takeaways: Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. Th...
Summary of Futures
Dec 26 Corn closed at $4.695/bushel, up $0.09 from yesterday's close. Sep 26 Wheat closed at $6.775/bushel, up $0.325 from yesterday's close. Nov 26 Soybeans closed at $12.0175/bushel, up $0.1075 from yesterday's close. Dec 26 Soymeal closed at $320/short ton, up $3.7 from yes...
Market Commentary: The Bulls Are Back in Town?
After spending much of the year searching for a reason to stay, the bulls suddenly have several. Grain markets have strengthened, wheat is leading the charge, outside markets are becoming more supportive, and geopolitical and weather risks are once again demanding attention. Does that mean the...