This week’s USDA WASDE report changed the market direction on Friday. Most everything had moved higher through Thursday with corn up by USD 3 m/t only to drop by about USD 3 m/t on Friday. Soybeans too had been a little through Thursday but ended up down USD 1 m/t on the week – soymeal ended down by about USD 4 m/t on the week.......please click PDF to see more details

Well now, the USDA acreage report certainly kicked the market higher this week – I wonder if it will stay as bullish next week after the US holiday weekend.
Corn prices increased by about USD 8 m/t with soybeans up by about........please click PDF to see more details 

It was another down week for grain prices in the US --- on the futures side of things, corn prices dropped by as much as USD 8 m/t, soybeans were down by USD 6 m/t or so with soymeal down by USD 4 m/t. US winter wheat was down by about USD 4 m/t while spring wheat dropped by almost USD 10 m/t........please click PDF to see more details

Except for wheat price, commodities in the US seemed to have quite a quiet week. Corn prices were about a dollar a m/t higher with soybeans up by nearly USD 2 m/t and soymeal down by USD 2 m/t or so........please click PDF to see more details 

This week was USDA WASDE week and if you look at where prices are at the end of the week one can kind of assume that the WASDE was much of a non-event for prices. Corn, soybeans and soymeal ended the week almost unchanged with the only .......please click PDF to see more details

So, where do we stand on prices at the end of this four day trading week in the US. Corn prices moved a little higher, up by about USD 2 m/t – soybeans too were up by a couple of dollars, soymeal was pretty well unchanged. Hard red winter wheat jumped by about USD 9 m//t and soft red winter was up by USD 3 m/t or so.......please click PDF to see more details

This weekend is a holiday weekend in the USA with businesses closed on Monday for the Memorial Day holiday. Ramadan also ends this weekend with Muslim countries celebrating Eid al-Fitr – the celebration of breaking the fast.
Grain markets were quiet this week as no one much wants to do anything  or hold any positions prior to a holiday. Corn prices were ......please click PDF to see more details

These days market prices only seem to want to go lower as there just hasn’t been any news in the market to push prices higher. Corn prices did almost nothing on the week while both soybeans and soymeal moved lower by USD 3 to 5 m/t. US winter wheat was quite weak and dropped between USD 8 and 10 m/t........please click PDF to see more details

Looking at news reports this week, it looks like many countries will begin to wind down a little on some of the COVID-19 restrictions. Hopefully, this will work well and not kick off a second wave of infections. My wife and I will not be changing too much in our approach to the situation – we will still be cautious until we see things improving --- after all, we are in the dangerous age group.......please click PDF to see more details

Corn prices were steady to just slightly lower this week as soybeans tried to run higher.
Corn planting in the US is doing quite well and the thoughts of a good crop but lower demand tried to push prices down. Corn usage for ethanol production is very bad with a drop of about 48% in corn consumption – all of this is known to the market,..........please click PDF to see more details