Monday is a holiday in the USA with all grain markets and most companies closed for the day. This week was a down week for most everything as markets adjusted to all the USDA WASDE details and the world Covid situation. USA corn prices dropped by close to USD 5 m/t with US soybeans down by around USD 15 m/t and.......please click PDF to see more details

It was a very strong week this week for soybeans/soymeal with prices up by as much as USD 25 m/t for both. Corn too was higher but only by about USD 5 m/t. Wheat prices were lower for both US winter and spring wheat with Soft Red Winter down by about USD 5 m/t and Hard Red Winter down by close to USD 10 m/t. Spring wheat was down even more by at least USD 15 m/t.

So here we are on the first day of 2022 and the year ended with soybeans up by 41% in 2021, corn up by 52%, soymeal up by 38%, hard red winter wheat up by 65%, soft red winter wheat up by 38%. I don’t think that anyone in the trade is expecting that the same overall rate of price increase will be seen in 2022.......please click PDF to see more details

Inventory keeps high level at ports to go through year-end and Chinese….