It was another down week for grains and oilseeds this week – everything was lower: corn down by about USD 3 m/t, soymeal down USD 14 to 15 m/t, soybeans down by about USD 12 m/t, hard red winter wheat down by USD 14 m/t and soft red winter wheat down by about USD 10 m/t – even spring wheat was down by USD 6 m/t. The USDA WASDE report that was issued this week was supposed to be bullish – that is what all the experts were saying --- and it was bullish for about five minutes than the bears got into the market and prices fell rapidly..................please click PDF to see more details

Chinese domestic aquatic breeding with its fresh water species would be stronger…..

It was much of an up week for prices this week as the US crop progress report (see below) was very supportive of higher prices. Corn was up by close to USD 5 m/t in the week but other than slow planting in the US no one much can see a good reason for higher corn prices. The farmers are out in the fields this week planting like mad and it won’t take them long to get the corn in the ground --- assuming decent planting weather for a while. Experts feel that next weeks crop progress report will show corn planting in the US at about 20 percent, but this is still well below the level normally seen – 40% planted would be more normal...........please click PDF to see more details

The anchovy catching in terms of volume moves on track so far though….