20 Apr 2024

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Hammersmith Weekly Feed Grain and Protein Report Wk#34

Monday is a holiday in the USA – Labor Day – so the week will start off quietly. 
This week was a down week for all grains and oilseeds – soymeal even moved lower for a change. USA corn was down by about USD 3 m/t on the week with soybeans down by USD 7 or 8 mt. while soymeal dropped by USD 13 to 15 m/t.......please click PDF to see more details. 


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Hammersmith Weekly Feed Grain and Protein Report Wk#33

Most of the trade reports this week seem to think that this wasn’t a very exciting week for grain and oilseed prices or activities. However, there was quite a bit of talk about lower crop yields in the USA due to the very hot and dry weather in the corn belt......please click PDF to see more details


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Hammersmith Weekly Feed Grain and Protein Report Wk#32

This week felt like a calmer week in the grain/oilseed business although soybean did make a good move higher on the week – up by USD 16 m/t for new crop soybeans. Corn prices finished the week almost unchanged while most US wheat was down by about USD 4 m/t......please click PDF to see more details



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Hammersmith Weekly Feed Grain and Protein Report Wk#31

This week was USDA WASDE week, always an exciting time. Corn and soybean yields and production were down a little, but the WASDE seemed to have less effect on the market than the US weather reports.......please click PDF to see more details

 



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Hammersmith Weekly Feed Grain and Protein Report Wk#30

It was a funny week this week for grain and oilseed prices as the expanded bombing of Ukraine grain facilities by Russia didn’t seem to have as much effect on prices as had been expected. Of course, much of the news of attacks was late in the week which did give a small rally on Friday but not enough to offset the lower prices early in the week......please click PDF to see more details

 



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Hammersmith Weekly Feed Grain and Protein Report Wk#29

Looking at the situation at the end of the week, USA grain and oilseed markets looked a little calmer and prices slipped lower on Friday. Much of the effect of Russia’s actions in Ukraine had left the market by Friday and buyers/sellers were looking more at the USA weather for coming weeks........please click PDF to see more details


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Hammersmith Weekly Feed Grain and Protein Report Wk#28

The Black Sea situation continued to be one of the major factors in the world’s grain and oilseed price action this week. Russia’s attacks on Ukraine grain export terminals and threats against ships to and from Ukraine ports has set the market on fire --- both for grain prices and for shipping costs from the Black Sea. The feeling in the market is that there will be an extension of the agreement but with Russia current bombing of ports, shipping from Ukraine ports will be even more difficult....please click PDF to see more details


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Hammersmith Weekly Feed Grain and Protein Report Wk#27

This week was an up week for all new crop grains/oilseeds in the US while spread between old crop and new crop prices continued to narrow --- except perhaps for corn where the old crop premium is at about USD 35 m/t. .......please click PDF to see more details



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Hammersmith Weekly Feed Grain and Protein Report Wk#26

This week was a short trading week for grains and oilseeds in the US due to the July 04 holiday and the number of businesses also closed on July 03. But, as usual, there is always some excitement in the grain business........please click PDF to see more details
 


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Hammersmith Weekly Feed Grain and Protein Report Wk#25

Quite a week for USA grains and oilseeds. The USDA acreage estimate report combined with a four day weekend in the US to give us an exciting ending to the week........please click PDF to see more details


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