Looking at the weekly change in futures prices for grains/oilseed and soymeal, it looks like a very quiet week – but looks are not always correct. Thursday was an up day for grains then followed by a down day on Friday – for soybeans in particular........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 had a slightly bullish report this week due to a lowering of the USDA estimated yield levels for soybeans – not much of a lowering but enough to push soybean prices up by about USD 10 to 12 m/t and soymeal by USD 10 to 11 m/t by the end of the week.