With the US holiday last Monday, the market seemed to have decided to have a quiet week. Except for spring wheat, everything was down a little on the week. Even the CBOT had a quiet week with the futures trading in grain said to be “light”..........please click PDF to see more details

The climbing up fishmeal off-take, exceeding 20k tons in a week, has been telling aquatic breeding starts moving faster…

Comparing the end of the week prices this week with last week makes it all look very quiet but there was enough activity during the week to make things a little exciting. The week ended with not much happening to corn prices, even though they were up a little on Friday, while both soybeans and soymeal moved lower on the week: USD 4 m/t for beans and USD 6 m/t or so for soymeal. Winter wheat was steady but spring wheat had a nice little USD 4 to 5 m/t price rally..............please click PDF to see more details

The USDA WASDE report was the big news this week but judging by the activity in prices it was not too exciting a report. From a corn point of view then report overall was quite neutral with crops up in some areas and down in others but with ending world corn stocks expected to be about 13 percent lower. There was very little change in US corn numbers although there were some post-report comments that corn use in ethanol should have increased – perhaps in the next report........please click PDF to see more details