Another quiet week in the grain and oilseed business – expect perhaps for wheat prices which seemed willing to dip lower and lower.
Corn prices moved around in a range of only USD 2 m/t or so while soybeans and soymeal did about the same........please click PDF to see more details

Well, the USA harvest seems to be all done and all the grain is in the bin. Now all we need to know is how much did we actually end up with. Was the USDA correct in its projections – do we just have a surplus or now a huge surplus? All questions for the market to argue over and for prices to react to. In most years we will have seen the low prices of the year and from here on in prices just move higher month by month to cover storage and finance costs.

Grain markets in the US decided to try for a little rally on Friday and managed to push both soybeans and soymeal up into a positive price on the week. Even with the Friday rally corn and wheat prices were a little lower on the week.

So, this was the week for the November USDA WASDE Report and looking at the prices at the end of Friday it looks like much of a non-event.
The USDA increased expected corn yields for this year crop which pushed corn futures prices down to the low of the year. Corn stocks are forecasted to be at the highest level in 30 years. None of which was good news for prices or for farmers. However, things were not all that bad as corn futures were only down by about USD 3 m/t on the week...........please click PDF to see more details

It wasn’t the most exciting trading week this week for grain and oilseed but there were a couple of US weather rumors that got people a little excited – but just a little.
There was quite a bit of talk about the US corn harvest falling behind but most experts seem to feel that this is not much of a problem as the farmers are working hard on the soybean harvest and leaving corn for a bit. As we all know from past years, the US farmer can catch up with the harvest levels in a very short period of time...........please click PDF to see more details

Well now, this week was quite a reversal of the rally of last week – everything was lower this week: soybeans dropped by USD 8 to 10 m/t while soymeal fell by USD 12 to 14 m/t. Corn wasn’t as weak and only dropped by about USD 3 to 5 m/t. Wheat too had a down week with both soft red winter and hard red winter wheat down by about USD 5 m/t.........please click PDF to see more details

Soybeans and soymeal took a hit this week with beans down by about USD 6 m/t and soymeal by USD 3 to 5 m/t.  Corn prices seemed quite steady on the week but US spring wheat was down by about USD 5 m/t........please see PDF to see more details

US Soybeans and soymeal were the most active markets this week with beans rallying by about USD 6 m/t while soymeal was up by closer to USD 8 m/t.
Soybeans are now at the highest level in close to two months, pushed up by never-ending new export sales reports. The new sales of soybeans just don’t seem to want to slow down.............please click PDF to see more details

There wasn’t a lot of change in grain and oilseed prices this week. Hurricane Irma didn’t seem to have the effect on prices that some had been expecting. Corn prices did little on the week other than a little increase in export prices due to some Irma related logistics problems.