Well what do you know --- a down week for soybeans and soymeal --- we haven’t seen that too often lately. Soybeans dropped by as much as USD 15 mt while soymeal was down by just over USD 20 m/t. Trade reports say that it is the effect of the massive Brazil soybean harvest that has finally broken the price .........please click PDF to see more details

This week was a USDA WASDE week which can make daily prices somewhat suspect --- prices move around a lot just before the report then quickly try adjust as soon as the report is issued. It normally takes a few days – into the next week – before price jitters calm down.......please click PDF to see more details

The week ended with prices moving up on Friday, which changed most items from lower prices to steady on the week or a little lower. Corn prices did drop by a couple of dollars but that is nothing in the market while both soybeans and soymeal ended up almost unchanged on the week. Only USA wheat prices stayed lower all week with winter wheat down by about USD 7 m/t with spring wheat down by USD 4 to 7 m/t.........please click PDF to see more details

It was a tough week for corn and wheat prices as corn prices were down by just over USD 10 m/t with US winter wheat down by close to USD 20 m/t and spring wheat dropping by USD 15 m/t. .......please click PDF to see more details