It was a bit of an up week this week with corn moving about USD 5 m/t higher and about the same for soybeans – soymeal was pretty well unchanged on the week and winter wheat prices were perhaps a couple of bucks up..........please click PDF to see more details

The USDA held its annual Outlook Forum this week and the projections issued at the forum were probably a little positive for wheat and soybeans but even for corn. According to some in the trade there was nothing new for the market to consider or at least not much that will affect current prices.......please click PDF to see more details

It was another week of slipping grain and oilseed prices with soybeans and soymeal being the biggest losers. Soybeans were down by about USD 10 m/t with soymeal following at about USD 5 m/t lower for export. Corn prices were a little lower on the week but we still have the port logistics problems that are keeping the near-term prices at a few dollars premium over shipments a few weeks out. Perhaps it is not really a port logistics problem but more a problem of too much business to load in a short period of time – more of a volume of business problem jacking up export prices a little......please click PDF to see more details.

The report is a little late this week as my wife and I took advantage of a last minute deal to Cannes and are now enjoying three days on the Med. ​Also, I am sending this week’s report from my travelling computer and the weekly report mailing list may not be as up to date as my office computer is.................please click PDF to see more details