Market Commentary 21 Oct 2024
Wheat Commentary
US wheat futures were little changed on Monday October 21 after the USDA reported that the country’s export inspections slipped last week while winter wheat planting advanced. European prices fell for a second consecutive session due to competition from Russia, the world’s biggest exporter.
Corn Commentary
US corn futures moved higher on Monday October 21 as competitive US price levels have supported global buying interest.
Soybean Commentary
Soybean futures climbed on the Chicago Mercantile Exchange on Monday October 21, supported by stronger demand for US grains and by higher crude oil prices. Soybean prices partially rebounded from recent lows due to improving weather in South America.
Vegoils Commentary
Crude palm oil (CPO) futures rebounded from losses on Friday October 18 to end in positive territory on Monday October 21, supported by gains in the energy complex and healthy export indications while related oils were mixed with Chicago futures also bouncing back.
Schedule Live Demo
Live news, price data, forecasts and analysis for agriculture buyers and sellers
In your live demo, you can choose to explore the following capabilities:
- Live news: full coverage of the wheat, corn, soy and barley markets
- Price assessments: daily spot and forward prices
- Tender dashboard: see who has won each tender and at what price
- Export trade dashboard: track all the latest data
- Crop forecast table: all the key analysts and organisations
- News archive: fully searchable, full history
Sign up today and someone in our team will be in touch with you shortly
Market Commentary 18 Oct 2024
Wheat Commentary
US and European wheat futures declined on Friday October 18, with rainfall in winter wheat growing regions of Russia easing supply concerns in the world’s biggest exporter of the grain.
Corn Commentary
Global corn futures edged lower on Friday October 18 as harvests progressed in the northern hemisphere and conditions improved in South America.
Soybean Commentary
Soybean futures went down in the final session of the week to Friday October 18 on the Chicago Mercantile Exchange, driven by lower soyoil prices, pressured mainly by a decline in crude oil. Market participants also monitored improved weather conditions for planting in South America.
Vegoils Commentary
Most vegoils futures in Asia and the US moved downward on Friday October 18, under pressure from falling prices for crude oil and from profit-taking.
Market Commentary 17 Oct 2024
Wheat Commentary
US and European wheat futures advanced on Thursday October 17 amid concern about dry weather conditions as winter wheat planting progresses in both the US and the Black Sea region.
Corn Commentary
US corn futures advanced for a second day on Thursday October 17 after the US Department of Agriculture announced the latest in a series of flash sales, signaling robust demand for the country’s production.
Soybean Commentary
Soybean futures were mixed on the Chicago Mercantile Exchange on Thursday October 17, with bullish derived products despite still being under pressure from improved weather conditions for planting in Brazil and external markets.
Vegoils Commentary
Vegoils futures in Asia fell on Thursday October 17 partly because of profit-taking, while technical buying supported soyoil futures in Chicago.
Market Commentary 16 Oct 2024
Wheat Commentary
US and European wheat futures rebounded on Wednesday October 16, ending a three-session downturn, as speculation that Russian exports will dip outweighed an improving weather outlook in the US and Argentina.
Corn Commentary
US corn futures trended higher on Wednesday October 16 amid lower-than-expected crop conditions and flash sales reported to the USDA, reflecting good global buying demand.
Soybean Commentary
Soybean futures changed direction and went down on the Chicago Mercantile Exchange on Wednesday October 16, reflecting a US harvest at a faster pace than average, and following a sharp fall in soyoil prices and pressure from external markets.
Vegoils Commentary
Vegoil futures and cash prices rose across Asia and Europe on Wednesday October 16 amid supporting fundamentals, while soyoil futures in Chicago edged down on technical selling.
Market Commentary 15 Oct 2024
Wheat Commentary
US and European wheat futures fell for third session on Tuesday October 15 on recent precipitation in Argentina and forecasts that much-needed rain will fall this weekend on hard red winter fields in the southern Great Plains and also in parts of the Black Sea region.
Corn Commentary
US corn futures moved lower on Tuesday October 15 on projected improvements in crop conditions and harvest that were above the five-year average.
Soybean Commentary
Soybean futures on the Chicago Mercantile Exchange fell on Tuesday October 15, as external markets, harvest in the US and rain in Brazil put downward pressure on prices despite fresh US net sales reported by the USDA.
Vegoils Commentary
Brent crude oil prices plummet on Tuesday October 15 contributing to decreases in Malaysian crude palm oil (CPO) and Chinese futures, but soyoil futures in Chicago recovered part of the sharp losses in the previous session, with the market borrowing some support from a bullish crush report.
Market Commentary 14 Oct 2024
Wheat Commentary
US and European wheat futures declined on Monday October 14 after much-needed rain fell in grain-growing regions in Argentina and on speculation that parts of the US Great Plains will soon experience precipitation.
Corn Commentary
US corn futures started the week lower on Monday October 14, on advancing harvest progress and increased domestic production projections.
Soybean Commentary
Soybean futures reached the lowest level in over a month, breaking below $10 per bushel on the Chicago Mercantile Exchange on Monday October 14, reflecting the ample supply scenario the USDA showed on Friday October 11 and the rain reported in Argentina and Brazil over the weekend, forecast to gain momentum in Brazil along the week.
Vegoils Commentary
Soyoil futures in Chicago plummeted and crude palm oil (CPO) futures in Malaysia erased gains made in the earlier part of the trading session to edge lower on Monday October 14.
Market Commentary 11 Oct 2024
Wheat Commentary
US and European wheat futures declined on Friday October 11 after the USDA’s influential World Agricultural Supply and Demand Estimates (WASDE) report reduced global production estimates by less than some market participants projected.
Corn Commentary
US corn futures declined on Friday October 11 amid increased domestic production projections in the USDA's World Agricultural Supply and Demand Estimates (WASDE) report update.
Soybean Commentary
Soybean futures fell on the Chicago Mercantile Exchange on Friday October 11, following the USDA’s World Agricultural Supply and Demand Estimates (WASDE) update.
Vegoils Commentary
Crude palm oil (CPO) futures rebounded sharply on Friday October 11 to close the week higher for a fourth straight week, with support coming from a firm vegoil complex and positioning ahead of the weekend and USDA’s World Agricultural Supply and Demand (WASDE) report.