Grains Futures Prices
- Paragon Investments' Futures File: Gasoline, Coffee & Wheat
Our weekly column looks at rallies in the energy markets while coffee & wheat drop.
- Grain Spreads:Soy Resilience, Corn Wedge
Support is Holding, Trade Deal Still in Play
- OJ, Coffee pattern down
Dollar run at 11 hits sale,Stocks late today, or Mon? Beans hold.
- Morning Grain Market Research
Grain markets continue to be jerked around by what seems to be ever changing opinions as to the progress with the U.S./Chinese trade negotiations. First,...
- Grains Report 02/15/19
WHEAT General Comments Winter Wheat markets were lower. Attitudes on Wheat prices remain generally positive, but the market has struggled to move higher....
- House Passes Border-Security Bill. The Corn & Ethanol Report 02/15/19
The Border-Security Bill should be on the President’s desk to sign to avert another partial government shutdown until they play games in September. With...
Futures Market News and Commentary
Soybean futures managed to extract 3 to 4 cent gains in most contracts on Friday, on positive NOPA data. Meal futures were up $1/ton in the nearby contract, with soy oil 6 points higher. This morning’s NOPA report indicated a record January crush by its members at 171.63 mbu. That was slightly lower than December but 5.22% larger than a year ago. Soy oil stocks were up month/month, but down 10.3% from last year at 1.549 billion pounds. Brazil’s SAFRAS soybean production estimate was trimmed by 0.3 MMT to 115.4 MMT on Friday. That is not as low as some firms have gone, as they cited a slight improvement to weather.Mar 19 Soybeans closed at $9.07 1/2, up 4 cents,May 19 Soybeans closed at $9.21 1/2, up 3 3/4 cents,Jul 19 Soybeans closed at $9.35, up 3 3/4 cents,Sep 19 Soybeans closed at $9.43 1/2, up 3 1/2 cents,Mar 19 Soybean Meal closed at $306.50, up $1.00,Mar 19 Soybean Oil closed at $29.95, up $0.06--provided by Brugler Marketing & Management
Corn futures ended the Friday session with most contracts fractionally mixed. CBOT will be closed on Monday in observance of Presidents Day. A private export sale of 205,744 MT of corn was reported by the USDA this morning for 2018/19 delivery to unknown destinations. Safras & Mercado trimmed their Brazil production estimate slightly to 93.305 MMT on Friday, compared to 94.5 MMT from the USDA. Another South Korean importer purchased 69,000 MT of optional origin corn on Friday, following several other tenders this week.Mar 19 Corn closed at $3.74 3/4, unch,May 19 Corn closed at $3.82 3/4, down 1/4 cent,Jul 19 Corn closed at $3.90 1/2, down 1/4 centSep 19 Corn closed at $3.94 1/4, up 1/4 cent--provided by Brugler Marketing & Management
Wheat futures posted 1 to 5 cent losses in most winter wheat contracts, with MPLS steady to 2 cents lower. Nearby KC hit contract lows today and was down 3.59% on the week, with March CBT hitting a 1 year low and losing 2.51% this week. MPLS was actually the leader to the upside, posting a weekly gain of 0.79%. Due to Presidents day on Monday, the markets will be closed, with the open @ 7:00 PM CST Monday evening. Paris milling futures took another hit on Friday, down 1.77% on the day, as they lost 3.82% on the week despite booking export sales to Algeria and Tunisia. Japan purchased 113,138 MT of US, Canadian, and Australian wheat in their weekly MOA tender.Mar 19 CBOT Wheat closed at $5.04 1/4, down 2 3/4 cents,Mar 19 KCBT Wheat closed at $4.76 1/2, down 5 cents,Mar 19 MGEX Wheat closed at $5.73, down 1 3/4 cents--provided by Brugler Marketing & Management