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WASHINGTON, Jan. 11, 2021

According to the U.S. Department of Agriculture, today there were the following export sales activity: : — Export sales of 132,000 metric tons of soybeans for delivery to China during the 2020/2021 marketing year; and — Export sales of 108,500 metric tons of corn for delivery to Colombia during the 2020/2021 marketing year. The marketing year for corn

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LAST WEEK MARKET COMMENTS

Prices rallied again last week in the corn and oilseed complex on the back of shrinking supply concerns due to adverse weather forecasts in South America. Soybeans prices will stay at elevated levels, and as we get closer to $14/bu, we may see some resistence. However, a further push to higher prices is also likely

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Daily Market Wire – January 11, 2021

Chicago wheat Mar contract down US3.5 c/bushel to 638.75c; Kansas wheat Mar contract down 3.75c/bu to 594.75c; Minneapolis wheat Mar contract up 4.5c/bu to 607.75c; MATIF wheat Mar contract up €2.25/t to €216.75; Corn Mar contract up 2.25c/bu to 496.25c; Soybeans Mar contract up 19.5c/bu to 1374.75c; Winnipeg canola Mar contract up C$8.40/t to $665.20; MATIF rapeseed Feb contract up €7.75/t to €440;

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GRAIN & PRICE WEEKLY REPORT

Rome – January 09, 2021 Corn, wheat, and soybeans hit multi-year highs in Jan driven by dry weather in S.America and Argentine corn ban. Russian wheat export restrictions and tight EU S&D also provides support. CBOT soft red winter (SRW) futures close at $6.38/bu. KCBT hard red winter (HRW) futures end at $5.93/bu. MGE hard

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