Author: Amy

Wheat Weekly Comments March 6

To start the week wheat gapped higher on the opening bell with support coming from the military action against Iran. Logistic concerns were the main supporting factor as it appears that the Strait of Hormuz will see limited vessel traffic due to the war. The base price for crop insurance for HRS wheat was $6.19 […]

Corn Weekly Comments March 6

To start the week corn gapped higher but faded its early session gains and was posting small losses by the close. Early support came from reports of the US attack on Iran. Gains were trimmed by technical selling as well as from farmer selling. As of Feb 27, Brazil’s first crop corn harvest was estimated […]

Soybean Weekly Comments March 6

Soybeans started the week by gapping higher at the start of the overnight session then pulled back and traded in a tight range on both sides of unchanged. The market saw the session lows at the start of the day session but were able to trim losses a bit to close lower in the front […]

Canola/Sunflower Weekly Comments March 6

To start the week canola gapped higher at the start of the overnight session and then added to the gains to close with strong gains. Spillover support came from the sharply higher crude oil market after the US attack on Iran. Support also came from China’s announcement that they lowered the anti-dumping tariff on Canadian […]

Cattle Weekly Comments March 6

Live cattle traded with gains throughout the week while feeder cattle flipped flopped back and forth starting the week with gains and extending gains mid-week only to see selling pressure trim gains Tuesday and Thursday. Although this week is likely going to end with cattle posting a higher weekly close, the cattle just look tired. […]

Export Sales Report March 5

Last week’s wheat export sales pace was estimated at 7.5 MB. After 39 weeks, wheat sales were at 94% of USDA’s expectations vs. 90% last year. With 13 weeks left in wheat’s export marketing year, sales need to average 4.1 MB to make USDA’s projection of 900 MB. Last week’s corn export sales pace was […]

Export Sales Report March 5

Last week’s wheat export sales pace was estimated at 7.5 MB. After 39 weeks, wheat sales were at 94% of USDA’s expectations vs. 90% last year. With 13 weeks left in wheat’s export marketing year, sales need to average 4.1 MB to make USDA’s projection of 900 MB. Last week’s corn export sales pace was […]