Overall it seemed like a down week for most all grains and oilseeds – corn prices were down by about USD 2 m/t on the week while soybeans dropped USD 6 mt and winter wheat moved down by about USD 6 m/t. Reports say that volumes in the futures market have moved lower as we get closer to the holidays.
US futures markets are only open for half a day trading on Monday, so market activity will be limited.........please click PDF to see more details

All the talk about China this week did its best to get prices rallying but this didn’t happen – both soybeans and soymeal were lower on the week as the sales to China were not at all spectacular. As the say in the UK, the soybean sales to China were just a “damp squib” – which means that there was just no bang in the sale........please click PDF to see more details

So, how did we end up the week – well, corn prices were up by about USD 3 to 4 m/t while soybeans jumped higher by USD 8 to 10 m/t – winter wheat too had an up week moving USD 4 to 6 m/t higher.
Much of the running and jumping in the market this week was totally tied to the US/China situation and stories/rumors/guesses about what was actually happening or about the meaning of the announcements regarding US/China discussions.....please click PDF to see more details

The grain and oilseed markets finished the week on the strong side with most prices for corn, soybeans and wheat showing a little rally on Friday – was this the G20 meeting rally.
Corn prices finished the week up by just USD 3-4 m/t higher with soybeans up by closer to USD 5 m/t and soymeal up by USD 3 to 5 m/t. US winter wheat was also up on the week – from USD 3 to 6 m/t higher.......please see click PDF to see more details

This week’s report is a little shorter than normal due to the holidays in the US – both Thursday and Friday for many organizations and reporting services – updated information is minimal from the US this week. But then, on a holiday week not too much seems to happen...........please click PDF to see more details

The USA has their Thanksgiving holiday later in the week, so the coming week will probably be a quiet week. For last week there wasn’t a great deal of market excitement – only a great many people talking about and guessing about the US/China trade situation.
The soybean market did have some rallies and drops this week as rumors and speculation regarding China kept changing – rallies were on trade settlement rumors then dips.......please click PDF to see more details

The USDA WASDE (World Agricultural Supply and Demand Estimates) report did hold a few surprises this week: increased China corn stocks, lower US corn yields, lower US soybean yields, higher world ending stocks for all corn, soybeans and wheat.
From a US futures point of view there was no change in corn or soybean prices on the week while.....please click PDF to see more details

Soybeans and soymeal had an up week this week on some feelings that the US and China could reach some agreement on the trade situation. However, by the end of the week the chance of a solution seemed to have moved a little further away which could result in soybean/meal prices moving lower again next week..........please click PDF to see more details

Sorry that I am a day late with this week’s report. I didn’t get back from the European Commodity Exchange event until late Saturday – and the with a devil of a cold. It was much colder in Rouen than I had expected – that is what happens when you live in the warmer south of France.
Other than a little rally in wheat prices on Friday, we had a down week for almost everything, except corn. Corn ended up unchanged on the week while US soybeans were down by about USD 5 m/t and soymeal down by about the same....................please click PDF to see more details 

This coming week is the European Grain Bourse in Rouen, France – there should be at least 2,500 grain people wandering around the conference center, hoping to make new contacts or meet old friends. I will be there on behalf of the US Grains Council, so keep an eye out for me........please click PDF to see more details