Monday is a holiday in the US so the grain markets and most business will be closed for the day. As has been said before – a three day weekend normally starts with price changes that mean nothing as buyers and sellers in the US are just evening their order books before the long weekend. Looking at how the futures markets finished the week, things seemed quite calm for corn with prices almost unchanged on the week. Soybeans did finish the week about USD 5 m/t higher.................please click PDF to see more details

The reducing USD quotes and the prospective fishmeal supply would push ….

So, this was USDA WASDE week and the market certainly did react – corn price dropped by about USD 15 m/t, soybeans down by just about USD 5 m/t with soymeal close to USD 5 m/t lower, winter wheat was down by USD 9 to 10 m/t with spring wheat down by close to USD 5 m/t. Farm gate prices are said to be down even further than export and futures prices.........please click PDF to see more details

With the USDA WASDE report coming up on Monday, market participants were being quite careful in what they were buying or selling. Corn prices were up a little on the week but there was nothing much in the market (except WASDE worries) to push market prices around.