This week was the USDA-WASDE week and, as usual, the report was able to surprise a number of experts. The report did lower estimated corn yields and thus total corn production while reducing soybean production due to smaller planting.
However, we are still looking at a record soybean crop and the second largest corn crop so there should be enough supply to go around......please click PDF to see more details. 

This week was an up week for all US grains/oilseeds/meals with corn prices moving up by about USD 5 to 6 m/t, soybeans up by USD 8 to 10 m/t, soymeal up by USD 10 m/t and even wheat prices were able to rally by about USD 5 m/t..........please click PDF to see more details

Price wise, things were not all that exciting this week – except perhaps for wheat prices. Corn, soybeans and soymeal shower very little change on the week while wheat prices did drop between USD 4 to 6 m/t.
The USDA stocks report was out this week and was a little bearish for corn as stocks were higher than expected by the trade. Some experts say that this is due to lower feed use for corn in the summer months........please click PDF to see more details 

The always surprising WASDE report was surprising once again – certainly more bearish than many experts thought that it would be. Corn prices finished the week down by about USD 6 m/t while soybeans faired a little better dropping by just USD 5 m/t and soymeal slipped by USD 8 to 10 m/t. All in all, wheat prices didn’t change at all........please click PDF to see more details

Corn prices did very little this week with very little excitement in the corn market. US corn exports were quite good and were higher than some experts had thought would happen. There was some concern in part of the US about too much rain and the possibility of flood fields – but this certainly didn’t push corn prices higher.

The grain/oilseed markets were a little quieter this week – perhaps due to the US holiday on Monday.
Soybean prices were down by about USD 5 m/t this week along with soymeal which was down by close to USD 10 m/t – the soya prices just keep moving lower. Although both soybeans and soymeal had an up day on Friday or their prices would have been even lower.............please click PDF to see more details

Once again, we had a down week for US grain prices: corn was down by about USD 6 m/t, soybeans down by USD 10 m/t, soymeal down by about USD 15 m/t --- US winter wheat down by USD 12 and spring wheat down by close to USD 10 m/t...............please click PDF to see more details

The aftershocks from the USDA WASDE report carried over into the market this week as everyone settled into the new numbers. US corn prices were up just a little on the week perhaps USD 3 to 4 m/t with soybeans moving higher once again by USD 10 to 13 m/t and soymeal up by almost USD 10 m/t. US winter wheat prices were up by about USD 4 m/t while spring wheat was unchanged.......please click PDF to see more details

The USDA WASDE report was the main news as the week ended and seemed to be a surprise to most everyone with its bearish tone. Corn production and yields were both increased over the last report and the same applied to soybeans with higher yields and higher production. Although, with higher yields and higher production, ending stocks were forecasted to be higher and added some additional bearishness to the report..............please click PDF to see more details

This week was another up week for US grain prices with corn up by just a little at about USD 3 m/t higher with soybeans up by only a couple of dollars and soymeal prices mainly steady. As is being seen all over the world, US wheat prices were up strongly with winter wheat up by at least USD 12 m/t while spring wheat was up by almost USD 10 m/t.........please click PDF to see more details