So, this week was the week of the USDA WASDE report – looks like bearish, bearish and bearish as almost everything moved lower on the week: corn prices dropped by almost USD 8 m/t, Soybeans were lower by USD 12 m/t, soymeal was also down by USD 12 m/t, winter wheat was about USD 5 m.t lower while the only exception to lower prices was US spring wheat which managed to move about USD 1 m/t higher.......please click PDF to see more details.

Corn futures prices were up about USD 4 m/t on the week while soybean prices continued lower – dropping by almost USD 9 m/t – soymeal to was down by about USD 6 m/t. Winter wheat prices also slipped a little lower – down by about USD 2 m/t with spring wheat almost unchanged.......please click PDF to see more details

Corn prices moved a little lower on the week, only down by USD 2 or 3 m/t, but probably could have been lower except for the wet weather in parts of the corn belt and some delays to the corn planting. According to futures reports the commodity funds are very short corn – so they think that it is going lower. Expected very big crops in both Argentina and Brazil are putting a lot of downward pressure on corn prices.......please click PDF to see more details

Grain markets do tend to not get too exciting on short trading weeks and this week was no exception as no one much seemed to want to push the markets in any direction.
There is little or nothing to report on corn – no big surprises with export sales. Most trade reports say that US corn........please click PDF to see more details 

The latest USDA WASDE report didn’t have too much excitement built in but there were a few items of interest:

•         Lower feed and ethanol use for corn along with reduced corn exports – the result is an increase.........please click PDF to see more details 

Corn prices in the US were up just a little this week – not enough to worry about or to call a trend - soybeans did move up by about USD 5 m/t while winter wheat was up by about USD 2 m/t while spring wheat prices dropped by between USD 10 and 15 m/t...........please click PDF to see more details.

It was quite a down week for all US grain and oilseed prices. Soybeans were down the least at about USD 2 m/t lower while soymeal changed little or nothing on the week- corn prices did drop by about USD 6 m/t with winter wheat lower by USD 3 to 6 m/t........please click PDF to see more details.

China bought some US corn – not as much as the rumors had been saying but still better than nothing. The China sale and the flooding in the US corn belt was enough to push corn prices higher and add a few dollars to the export basis. The concern with the flooding is both the possible delay to corn planting and the difficulty in getting corn to ethanol facilities. It is reported that several ethanol facilities have had to close down due to the flooding, especially in Nebraska, Iowa and South Dakota......please click PDF to see more details

Travelling this week and next so my report may be a tad shorter than usual – I was in Ireland this week both the Republic and the North and then the UK – travelling with Mr.”Cheap Suit” from Washington or Mr. “Costume Pas Cher” in French – actually it sounds better in French. He did dare me to say this in my weekly report – so I did.
All prices in the US moved a little higher this week – corn prices were up by about USD 4 or 5 m/t, soybeans up by close.........please click PDF to see more details

Ah the USDA WASDE Report – most of the comments from the trade say that this month’s report was a nothing report or at least it certainly wasn’t a bullish report as had been expected by some in the trade.
US corn ending stocks are higher per WASDE due to lower exports...........please click PDF to see more details