This week looked like another week being pressured by the “WASDE Effect” – US corn prices were lower by USD 8 m/t with soybeans down by USD 12+ and soymeal down by USD 10 to 12 m/t. Even winter wheat prices in the US were down by USD 6 to 8 m/t.
Other than the carry over WASDE situation the US/China trade situation has not helped support prices all that much – the more everyone fights the lower prices drop.........please click PDF to see more details