The trade situation with China was the main point of interest for grain and oilseed people this week and soybeans slipped lower on China concerns. Trade fights aside, soybeans had a very good export week and it will be interesting to see if the export volume continues. Soybean prices in the US were down about USD 4 m/t on the week with soymeal prices down by about the same amount. Argentina’s soybean production estimates were lowered again this week...........please click PDF to see more details

As was to be expected the USDA Quarterly Stocks and Planting Intentions report was the excitement of the week. Reported stocks in the report were above what the trade had expected for both corn and soybeans and close to expectations for wheat – both corn and soybean stock levels were higher than March 2017 with soybean stocks much higher. Certainly bearish stocks for corn and soybeans...........please click PDF to see more details

China raises environmental issues where execute fishing ban since May 1st enables to boost aquatic …

Another interesting week with corn prices slipping lower by about USD 3 to 5 m/t while soybeans were up by about the same amount, but wheat prices took a very nice dip with prices for winter wheat dropping by about USD 7 to 10 m/t. Soybeans were the commodity of interest in all the news stories this week with the revised Argentina soybean crop down by another 6.5 million m/t – about 15% - and overall crop yield down by 12%, all due to the lack of moisture in much of Argentina........please click PDF to see more details