Author: Amy

Export Shipments Report August 17

Last week’s wheat export shipments pace was estimated at 18.1 MB. After 11 weeks, wheat shipments were at 18% of USDA’s expectations vs. 19% last year. With 41 weeks left in wheat’s export marketing year, shipments need to average 15.4 MB to make USDA’s projection of 775 MB. Last week’s corn export shipments pace was estimated at 75.2 […]

Wheat Weekly Comments August 14

To start the week wheat opened the session higher across the board and extended session gains throughout the night and into the start of the day session. A higher crude oil market added support as although the military conflict with Iran has calmed down, the negotiations have not. Or lack of negotiations that is as […]

Corn Weekly Comments August 14

Corn opened Monday’s session higher and extended gains through the night. Early support was due to reports of an export sale of 105 TMT of corn to an unknown destination. Gains were kept in check by forecasts showing good rains fell in southern MN, IA, MO, NE and KS. Forecasts are also calling for rain […]

Soybean Weekly Comments August 14

To start the week, soybeans were higher overnight, pulled back at the start of the day session but then rebounded and closed with small gains. Support spilled over from the strong gains in the crude oil market. Support also came from positioning ahead of Wednesday’s report as traders expect to see small cuts in production […]

Canola/Sunflower Weekly Comments August 14

In Monday’s session canola traded mostly higher overnight and added to the gains in the day session to close sharply higher. Support came from the gains in the crude oil market, which spilled over to all of the vegetable oil markets. Gains were limited by forecasts for moderate temps and rains for most of the […]

Cattle Weekly Comments August 14

Cattle started the week mixed with live cattle posting strong gains while feeder cattle slipped lower. The following session saw cattle post small losses, but then the bottom fell out of the cattle market in the last two sessions of the week. By the end of the week, all cattle contracts were posting heavy losses […]

Export Sales Report August 13

Last week’s wheat export sales pace was estimated at 9.4 MB. After 10 weeks, wheat sales were at 35% of USDA’s expectations vs. 44% last year. With 42 weeks left in wheat’s export marketing year, sales need to average 11.9 MB to make USDA’s projection of 775 MB. Last week’s corn export sales pace was […]

Export Sales Report August 13

Last week’s wheat export sales pace was estimated at 9.4 MB. After 10 weeks, wheat sales were at 35% of USDA’s expectations vs. 44% last year. With 42 weeks left in wheat’s export marketing year, sales need to average 11.9 MB to make USDA’s projection of 775 MB. Last week’s corn export sales pace was […]