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This week, all US grain futures trended up. Corn futures ended the week 1,46% higher than they were the previous Friday. Soybean August contract was inched around 0,54% higer, even if soybean September futures were down around 0,83% for the week, spending most of the week trying to undo the sharp drop on Tuesday. Soy Meal August deadline was up around 1,76%, while September was up 1.3% for the […]

US farm markets were mixed once again yesterday. Corn prices trended moderately higher with nearby contracts more than 1.75% higher by the close. Spring wheat found fractional gains. Meanwhile soybeans finished with narrowly mixed results and winter wheat prices faded as much as 0.5% lower amid a choppy session. On macro markets, energy futures bounced

According to the United Nations food agency world food prices eased for a second month in a row in July, reflecting declines for cereals, vegetable oils and dairy products. However they remained up nearly a third over the past year. FAO food price index, indeed, which tracks international prices of the most globally traded food

Daily Market Wire – August 05, 2021 ASX wheat September contract down $1/t to A$327/t; Chicago wheat September contract down US5c/bu to 717.25c; Kansas wheat September contract down 13.25c/bu to 694.25c; Minneapolis wheat September contract down 16.75c/bu to 903c; MATIF wheat September contract down €4/t to €224.25/t; MATIF corn August contract, expired yesterday, was up

The recent crop assessments on spring wheat across the world, could yield a 21% reduction (-16 Million mt) in the ’21/22 spring wheat production estimate compared to last year. Despite that, there is a lot of competition in the wheat markets as wheat is produced around the world. For now, attention is particulary on US

US farm markets were mostly lower yesterday. Indeed, mostly favorable weather forecasts triggered a round of technical selling that pushed all grain prices, with the exception of Kansas City HRW futures, lower. So, corn prices were 1.25% lower. Soybeans dropped by 2%. Chicago and Minneapolis wheat contracts also trended lower, around 0.68% and 0.33% respectivily.