Author: Amy

Export Shipments Report June 15

Last week’s wheat export shipments pace was estimated at 12.3 MB. After 2 weeks, wheat shipments were at 3% of USDA’s expectations vs. 2% last year. With 50 weeks left in wheat’s export marketing year, shipments need to average 15.1 MB to make USDA’s projection of 775 MB. Last week’s corn export shipments pace was […]

Export Shipments Report June 15

Last week’s wheat export shipments pace was estimated at 12.3 MB. After 2 weeks, wheat shipments were at 3% of USDA’s expectations vs. 2% last year. With 50 weeks left in wheat’s export marketing year, shipments need to average 15.1 MB to make USDA’s projection of 775 MB. Last week’s corn export shipments pace was […]

Wheat Weekly Comments June 12

To start the week wheat opened higher in all three exchanges and continued to trade steady to firm throughout the night. Wheat turned mixed one the day session started with Mpls losing its gains while KC rallied. Early support was due to technical buying as all three wheat exchanges are oversold and in need of […]

Corn Weekly Comments June 12

Corn started the week by opening the session firm but quickly faded to trade with losses throughout most of the night session. Losses were trimmed by reports that Japan was in and bought 103 TMT of US corn overnight, 40 TMT old crop and 63 TMT new crop. A lower soybean market pulled corn back […]

Soybean Weekly Comments June 12

Soybeans traded mostly on the lower side in a choppy session on Monday and closed with small losses. Good rains falling over the weekend and more rain in the forecast for this week for much of the Midwest pressured soybeans. Losses were limited by USDA’s report of a sale of 264,000 MT of soybeans to […]

Canola/Sunflower Weekly Comments June 12

Canola traded mostly on the higher side and closed with decent gains on Monday. Support came from the higher soybean oil market. Ideas that last week’s steep losses were overdone added support. Gains were limited by weekend rains and more rain in the forecast this week for much of the Canadian Prairies. As of June […]

Cattle Weekly Comments June 12

Cattle started the week on the defense but then never looked back, posting strong gains for the rest of the week. Early selling was tied to the New World Screw Worm. But the market was able to shake off the knee jerk reaction to the pest and push higher for most of the week. Strong […]

Export Sales Report June 11

Last week’s wheat export sales pace was estimated at 24.5 MB. After 1 week, wheat sales were at 21% of USDA’s expectations vs. 24% last year. With 51 weeks left in wheat’s export marketing year, sales need to average 12.1 MB to make USDA’s projection of 775 MB. Last week’s corn export sales pace was […]