Chicago Slumps Following USDA Data, Nears Remain Tight Though

28/06/13 -- Soycomplex: The USDA's capacity to spring a surprise knows no bounds. The market has done something dramatic in each of the last five years on the day of the June plantings and quarterly stocks report, and today didn't break that trend. This time it was corn where the curveball came from. For soybeans the USDA came out with a planted area estimate roughly in line with trade forecasts

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EU Grains Down Again, Is The Glass Half Full Or Half Empty?

28/06/13 -- EU grains closed lower across the board, with rapeseed on the receiving end of a particularly bad thrashing again today.

On the day London wheat closed with the Jul 13 future down GBP2.30/tonne to GBP155.70/tonne and new crop Nov 13 was also GBP2.30/tonne weaker at GBP164.60/tonne. Front month Nov 13 Paris wheat fell EUR3.00/tonne to finish the day at EUR193.75/tonne. Aug 13 Paris

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Chicago Mixed Heading Into Stocks And Aceage Reports

27/06/13 -- Soycomplex: Once more it was the nearby months that put in the biggest gains in beans, with new crop modestly lower. Meal too finished sharply higher in front month Jul 13, but even the deferred positions manged to post modest gains. Oil was lower across the board. Weekly soybean export sales of 14,500 MT of old crop and 451,100 MT of new crop beat trade expectations of a combined 1-

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EU Wheat Extends Recent Losses

27/06/13 -- EU grains were mostly lower once more, extending recent losses with Jul 13 London wheat setting a fresh near 18 month closing low for a front month. Other London wheat months gained a bit of support from a sharply weaker pound which fell to a more than 3-week low against the dollar on ideas that the Bank of England will raise QE before too long, but still closed lower on the day.

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EU Rapemeal Prices

27/06/13 -- Rapemeal prices on the continent are mostly a little weaker today. Rapeseed futures in Paris have dipped below EUR400/tonne across the board this afternoon, with front month Aug 13 down more than 9% since the beginning of the month.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
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USDA Weekly Export Sales

27/06/13
-- The USDA weekly export sales report is just out, here's the highlights:


SOYBEANS


Sales of 14,500 MT of old crop and 451,100 MT of new crop beat trade expectations of a combined 1-400 TMT. China took 360,000 MT of the new crop. Exports of 223,000 MT were up noticeably from the recent weeks.


CORN


Corn sales came in at 336,700 MT of old crop and 153,600 MT of new crop versus

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Argentina Halts Wheat Exports As Bread Prices Double

27/06/13 -- The Argentina government have halted wheat exports as domestic supplies run low following a poor 2012/13 harvest.


Farmers cut plantings last year in protest to the government’s regular interference in the market, and now it would seem they are at it again.


The USDA’s suggestion that Argentina produced 11 MMT* of wheat last year is widely regarded as being pie in the sky, with 9

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Changes Afoot For Paris Milling Wheat Contract

27/06/13 -- NYSE Liffe has announced a few changes to the Paris milling wheat contract.


As things currently stand there is only one delivery point for the Paris milling wheat contract, the port of Rouen, which currently has an approved grain storage capacity of “only” around one million tonnes.


The popularity of the Paris milling wheat contract has increased dramatically in recent years,

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Chicago Closing Comments - Wednesday

26/06/13 -- Soycomplex: The recent theme of steady nearby and a little bit weaker further forward continues. Oil World forecast global production of the 10 main oilseeds at 484.5 MMT in 2013/14, up 4.5% from 463.5 MMT a year ago. They estimated world oilmeal production in 2013/14 up 3% from 291 MMT to 300.3 MMT, of which soymeal production will rise 4.2% from 179.4 MMT to 186.9 MMT. They said

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EU Wheat Mixed But Downwards Trend Remains

26/06/13 -- EU grains closed mixed with Jul 13 London wheat finishing the day GBP1.00/tonne firmer at GBP159.50/tonne, and with the more active new crop Nov 13 ending GBP0.35/tonne lower at GBP167.15/tonne. Nov 13 Paris wheat rose EUR0.50/tonne to close at EUR197.25/tonne.


The market is all over the place, but the downwards trend remains undeniably intact, pressured lower by the outlook for a

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EU Rapemeal Prices

26/06/13 -- Rapemeal prices on the continent are mostly steadier today, in line with last night's gains in Chicago soymeal. Rapeseed prices however are completely on their arse, around EUR5/tonne lower on the French market again this morning, with Paris futures now threatening to break below EUR400/tonne for the first time since October 2010.


Topefer say that Germany's rapeseed crop will jump

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Morning News

26/06/13 -- The overnight Globex grains are mixed, with beans down 6-9 cents, wheat up 2-3 cents and corn flat to up 4 cents on front month Jul 13.


Friday's upcoming USDA reports are what everyone is now waiting on. Unfortunately for us in Europe they won't be out until our markets are getting ready to close at 5pm London time, or 6pm if you have the misfortune to be French.


That means of

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Chicago Ends Mixed, Trade Eyes Friday's USDA Data

25/06/13 -- Soycomplex: Last night's planting progress report showed 8% of this year's planned US soybean area was still not sown as of Sunday night. Time is running out to get the last of these beans into the ground. Talk that a delayed winter wheat harvest (Kansas is only 8% done versus 39% normally) will thwart some farmers double cropping plans is being seen as supportive to new crop. Very

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London Wheat Ends At Lowest Levels Since Noah Was In Short Trousers

25/06/13 -- EU grains closed mixed with a very thin and choppy Jul 13 London wheat finishing the day GBP5.00/tonne easier at GBP158.50/tonne, and with Nov 13 ending unchanged at GBP167.50/tonne. Nov 13 Paris wheat settled EUR0.25/tonne steadier at EUR196.75/tonne.


This was the lowest close for a front month in London wheat since Noah was in short trousers - well as far back as I can remember

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EU Rapemeal Prices

25/06/13 -- Rapemeal prices on the continent are mostly weaker again today after rapeseed futures in Paris dipped to their lowest levels since late 2010 last night. Not that meal prices are anything like that low mind.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
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Chicago Mixed, Beans Up, Corn And Wheat Lower

24/06/13 -- Soycomplex: Soybeans shrugged off sharply lower overnight trade when the open outcry session began, posting strong nearby gains into the finish. Better than expected weekly export inspections of 7.827 million bushels were up from the 2.7 million the previous week, lending support. These have been running at only around 3-5 million in recent weeks. The trade was looking for US soybean

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EU Grains Paint The Town Red

24/06/13 -- EU grains began the week on the defensive, taking their cue from weaker US wheat markets Friday night and again this morning. Chicago wheat turned sharply lower in afternoon trade once the CBOT open outcry session got underway, adding to the negative tone.


Jul 13 London wheat finished the day GBP4.00/tonne lower at GBP163.50/tonne, and with Nov 13 ending down GBP2.75/tonne at

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The Morning Vibe

24/06/13 -- It's red across the board to start the week, with the overnight Globex grains showing wheat 6-8 cents easier, corn down 6-9 cents and soybeans 9-13 cents lower on all but front month Jul 13. Soymeal is flat on the Jul 13 but USD2.60-3.80 lower on the remainder. EU grains look like they will open lower too.


It would seem that the threat of the US pulling back on QE as early as

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Chicago Market Ends Lower, Weather Outlook Improves

21/06/13 -- Soycomplex: Beans slumped for a second session in a row, with the biggest losses coming on new crop on ideas that the US weather is finally cooperating and good strides will have been made in Midwest plantings this week. Last week's plantings were 85% done versus the 5-year average of 91%. The weekend forecast is warm and dry, which is seen as beneficial for now, and it's thought that

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EU Grains Mixed But Mostly Higher On The Week, Has The Decline Been Arrested?

21/06/13 -- EU grains closed mixed, with front month Jul 13 London wheat closing the gap between it an new crop November from a cavernous GBP8/tonne, based on last night's close, to a more reasonable looking GBP2.75/tonne tonight.


Jul 13 London wheat finished the day GBP5.00/tonne firmer at GBP167.50/tonne, and with the more active new crop Nov 13 ending GBP0.25/tonne lower at GBP170.25/tonne.

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Chicago Falls On Broad-Based Commodity Sell-Off

20/06/13 -- Soycomplex: Broad-based selling in commodities spilled over into the ag sector. Gold fell to a 2 1/2 year low following Fed Chairman Ben Bernanke's statement that the QE party is almost over and that financial stimulus, currently running at USD85 billion a month, could cease by mid-2014. The Argentine Ag Ministry estimated the 2012/13 soybean crop there at 50.2 MMT versus 50.6 MMT

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EU Wheat Mixed, Production Estimates For 2013 Raised

20/06/13 -- EU grains closed mixed with Jul 13 London wheat finishing the day GBP0.55/tonne easier at GBP162.50/tonne, and with Nov 13 ending GBP0.45/tonne higher at GBP170.50/tonne as the gap between old and new crop widens further. Nov 13 Paris wheat settled EUR0.25/tonne steadier at EUR200.00/tonne.


French analysts Strategie Grains increased their EU-28 soft wheat production estimate from

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Chicago Posts Strong Gains Across The Board

19/06/13 -- Soycomplex: Informa Economics cut their 2013 US soybean planted area estimate from 78.286 million acres to 77.756 million. Although that's around 600,000 acres above the current USDA forecast it's not as large a switch as many have been expecting. Good planting progress should be made this week under warm and dry conditions, but trade ideas are now thinking that a sizable area may

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EU Grains Consolidates, China Maybe Bought French Wheat

19/06/13 -- EU grains traded higher for a second day, seemingly on ideas that the recent slump in prices may have been overdone.


Jul 13 London wheat finished the day GBP1.30/tonne firmer at GBP163.05/tonne, and with Nov 13 ending up GBP2.05/tonne at GBP170.05/tonne. Nov 13 Paris wheat settled EUR3.00/tonne steadier at EUR199.75/tonne.

A report on Reuters suggested that China may have bought

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Ants Trade Limit Up On Rumoured Chinese Buying

19/06/13 -- Bollocks to soymeal, ants are the future and they're trading limit up on strong rumours that the insatiable Chinese are in the market for 10 million tonnes of US origin ants. As long as they don't come from Oregon of course.

Argentine ants are on strike, and Brazilian ants are suffering with logistical problems. Reuters report a line of ants stretching eighteen times around the

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EU Rapemeal Prices

19/06/13 -- Rapemeal prices on the continent are mostly a little easier today. Drier and much warmer weather across most of the continent is seen as beneficial for crop development. New crop French OSR is offered at EUR417/tonne (GBP358/tonne equivalent) for July delivery FOB Moselle.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from

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Chicago Closing Comments - Tuesday

18/06/13 -- Soycomplex: Beans were little changed despite the USDA announcing the sale of 240 TMT of new crop beans to China. Oil World said that the US will import up to 100,000 MT of beans in June and up to 150,000 MT of beans in July as demand for meal stays high. Michael Cordonnier estimated the US 2013 soybean planted area at 77.87 million acres, up 750,000 acres from the USDA estimate. He

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EU Wheat Attempts Mini Recovery Following Recent Rout

18/06/13 -- EU grains closed mostly higher in what looks like a long overdue spot of consolidation following the recent rout. The bears are still firmly in control however, and that's unlikely to change as the Black Sea harvest gets going just ahead of the combines starting to move in here in Europe too.


Jul 13 London wheat finished the day GBP1.00/tonne firmer at GBP161.75/tonne, and with Nov

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EU Rapemeal Prices

18/06/13 -- Rapemeal prices on the continent are mostly a little easier today following losses in soymeal values in the US last night, and warmer and drier in the weather in Europe improving new crop production prospects. AgriFood Canada estimate canola production there at 14.1 MMT this year, an increase of 6% on last year, despite a fall in planted area as yields rebound to more like normal

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The Morning Vibe

18/06/13 -- It's a turnaround Tuesday sort of a day for beans, which are currently 2-4 cents higher in overnight Globex trade, wheat is 4-5 cents firmer and corn mixed a cent or so either side. It looks like a bit of consolidation might be in order today following recent declines.


There was no corn planting estimate from the USDA last night, corn emergence was at 92% versus 100% last year and

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Chicago Markets Mixed To Start The Week

17/06/13 -- Soycomplex: Bans were mostly lower on a favourable 1-5 day weather forecast despite the May NOPA crush of 122.63 million bushels coming in above the average trade guess of around 118 million. Weekly export inspections of 2.76 million bushels weren't great, but nor do they need to be. A Bloomberg survey of Chinese crushers estimated China's 2013/14 soybean imports at 63.0 MMT, well

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EU Wheat: Same Song, Different Day

17/06/13 -- EU grains slumped to new lows once more as Jul 13 London wheat finished the day GBP2.50/tonne easier at GBP160.75/tonne, and with Nov 13 ending GBP0.30/tonne down at GBP165.00/tonne. Nov 13 Paris wheat settled EUR0.50/tonne lower at EUR195.75/tonne.

Jul 13 London wheat traded down to GBP160.00/tonne at one point - a near 13 month low for the contract and the lowest level for a front

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EU Rapemeal Prices

17/06/13 -- Rapemeal prices on the continent are mostly weaker, with the exception of nearby old crop which remains tight on seasonal shut-downs. Prospects for 2013 rapeseed production across Europe look a little brighter.


Since the beginning of the month the Nov 13 Paris rapeseed future is down over 20 euros, yet the price of meal on the continent is unchanged in this time, meal in Erith is up

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The Morning Vibe

17/06/13 -- The overnight Globex grains are almost universally lower to start the week, with only front month Jul 13 bucking the trend, a whopping 1/2 cent higher at 9am London time. Beans are around 5-10 cents lower, with the largest declines at the front end, and wheat is down 4-5 cents to the lowest levels since early April.


On the agenda for this week we have the latest EU analysis and

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Chicago Mixed, But Mostly Lower, Heading Into Weekend

14/06/13 -- Soycomplex: Beans closed mixed with old crop higher and new crop lower. Old crop remains supported by the tight supply line and strong crusher demand. Talk of an upcoming Argentine dock workers strike is also supportive. The spectre of potentially record US production in 2013 still hangs over new crop however. The Buenos Aires Grains Exchange estimated Argentina's soybean harvest at

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EU Grains Slide Further Into The Mire As Harvest Begins In FSU

14/06/13 -- EU grains slumped to fresh lows for the current move, with London wheat down to front month levels not seen since February 2012 and Paris wheat at its lowest since January 2012. The last time Paris rapeseed prices were at this level meanwhile was November 2011.


Jul 13 London wheat finished the day GBP3.25/tonne lower at GBP163.25/tonne, and with Nov 13 ending GBP3.20/tonne down at

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The Morning Vibe, Oh Betty...

14/06/13 -- Like half the trade I've been away at Cereals 2013 this week, so apologies for the lack of blogging activity. You should be thankful that I dragged myself out of bed at 7 o'clock to write my Chicago report and then sit in the bar like Billy No Mates at 7pm surrounded by a load of drunken Jock machinery dealers knocking back double Jack Daniels - 50 pee for a wee splash of coke, dinnae

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Chicago Market Falls In Follow Through Selling

13/06/13 -- Soycomplex: The soybean market closed sharply lower for a second day, adding to yesterday's losses. Nearby beans bore the brunt as longs scrambled to exit the market despite old crop tightness. Weekly soybean export sales of 480,600 MT were mostly new crop (old crop accounted for only 33,500 MT of that total), in line with trade forecasts of 3-700 TMT. Meal sales were strong again at

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EU Wheat Attempts Mini Recovery From Recent Rout

13/06/13 -- EU grains closed mixed after attempting a tiny recovery following yesterday's declines and the recent rout, although they did get dragged down heading into the close as US grains turned sharply lower for a second day.

As of last night front month Jul 13 London wheat was down GBP16.00/tonne, or 8.8%, for month of June so far. Nov 13 London wheat has fallen GBP9.50/tonne, or 5.3%, and

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Chicago Stumbles On Bearish USDA Data

12/06/13 -- Soycomplex: The eagerly awaited WASDE report re-affirmed that the USDA will not cut US soybean ending stocks for 2012/13 any lower than 125 million bushels. They maintained that stance today by raising imports as well as increasing exports. Seeing as the old crop export target had already been met to all intents and purposes, this was a last resort option. US new crop plantings were

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EU Wheat Slumps To New Lows, Pressured By USDA Numbers

12/06/13 - EU grains closed with steep looses in what has been a bit of a bloodbath past seven days. Jul 13 London wheat closed GBP3.75/tonne lower at GBP166.50/tonne and with Nov GBP3.25/tonne lower at GBP169.00/tonne, that was the best new crop performance - other months were down GBP5.00/tonne. Nov 13 Paris wheat slid comfortably below the EUR200.00/tonne mark, down EUR4.25/tonne at EUR197.50/

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Chicago Rallies Pre-USDA Report

11/06/13 -- Soycomplex: The volatility continues. This time it was old crop months that saw the biggest gains on ideas that the USDA might be forced to reduce last month's 2012/13 ending stocks estimate of 125 million bushels due to the strong crush and export demand. They've managed to resist doing so up to now, but soybean export commitments are over 99% of their projection for the season

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London Wheat Hits 15 Month Low As Black Sea Harvest Looms

11/06/13 -- EU grains slumped to fresh lows pressured by the impending Black Sea harvest which is now just days away. Paris wheat at least managed to close with a few modest gains at the finish, but it was a different story for London wheat. Ukraine could be harvesting in the drier areas in the south and east within 7-10 days, 2-3 weeks earlier than normal, it is thought.


Jul 13 London wheat

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EU Rapemeal Prices

11/06/13 -- Rapemeal prices on the continent are mostly a bit easier today following losses in soymeal values in the US last night. The French farm ministry forecast the 2013 winter rapeseed crop there at 4.5 MT, down 17.2% on last year, according to a report on Reuters this morning.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from

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Chicago Drops Ahead Of USDA Reports

10/06/13 -- Soycomplex: The soybean market closed sharply lower on positioning ahead of tonight's planting progress report and Wednesday's upcoming WASDE numbers from the USDA. Having risen to 7-month highs last week then I guess some consolidation was only to be expected. A warmer and drier forecast for the week ahead was also seen as bearish. Weekly soybean export inspections of just over 3

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EU Wheat Stumbles To Fresh One Year Lows

10/06/13 -- EU grains slumped lower across the board on follow through selling from last week and competition from the Black Sea heats up. US grains offered no support on profit-taking and book-squaring ahead of tonight's planting progress and crop condition report, and Wednesday's global supply and demand numbers from the USDA.


Jul 13 London wheat finishing the day GBP2.50tonne easier at

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EU Rapemeal Prices

10/06/13 -- Rapemeal prices on the continent are firmer, despite seed values being down on the French MATIF market today. Soybean and meal markets are also weaker in overnight trade. Oil World have trimmed slightly their forecast for the global rapeseed crop in 2013/14 to 63.4 MMT, although that's still a record and up 1.3% on last year.


Latest guide prices for EU rapemeal today, basis FOB

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Nogger On Tour

10/06/12 -- Visiting Cereals 2103 on Wednesday? Why not pop along to Brown & Co's stand 9-H-911 where yours truly will be giving a bit of a talk on the grain markets at both 10.30 am and 3 pm.

I can't tell you what I'm going to be talking about but whatever it is, it's bound to be pithy and insightful. Not a knob gag in place. I may do the one about the little old lady who goes into hospital to

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Chicago Traders Eye Important Planting And Production Reports From USDA Next Week

07/06/13 -- Soycomplex: New crop beans posted strong gains. The July 13 was pressured by funds rolling out of nearby longs and into the deferreds. Nevertheless beans gained for the sixth week in a row, their best run in 4 years, according to Bloomberg. The trade seems to be thinking that as well as some corn acres going unplanted this year, there could also be some soybean area unsown. The USDA

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London Wheat Crashes To Near 1-Year Low

07/06/13 - EU grains closed lower with Jul 13 London wheat down GBP2.50/tonne at GBP174.00/tonne and Nov 13 down GBP0.35/tonne at GBP175.25/tonne. Paris wheat closed with front month Nov 13 EUR0.50/tonne easier at EUR203.75/tonne.


For the week that pegs Jul 13 London wheat down GBP8.50/tonne, with Nov GBP3.25/tonne lower and Nov 13 Paris wheat slipping EUR2.25/tonne.


This was the lowest close

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EU Rapemeal Prices

07/06/13 -- Rapemeal prices on the continent are little changed today. Nearby positions remain tight due to flooding/season closures. A clearer picture of any possible damage to new crop rapeseed in southern Germany, Poland and the Czech Republic is needed before we can expect new crop months to show signs of cracking.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/

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Gemcom Launch New Website

07/06/13 -- London-based feed raw material trading house Gemcom have launched an innovative new website designed to look great whether viewed on a PC, a tablet or a smartphone - one version does it all. It's absolutely perfect for keeping an eye on what's going on at a glance in the ever changing grain markets in which we operate.


It's free to use, no registration required, just point your

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Chicago Closing Comments - Thursday

06/06/13 -- Soycomplex: Weekly soybean export sales of 48,400 MT of old crop and 589,900 MT of new crop were at the top end of trade expectations. The USDA's 2012/13 soybean export target has effectively been met with 99.7% on the books - the vast majority of it shipped already. Meal sales were above trade ideas at a combined 271,300 MT, and are now 102% of the USDA forecast. Whilst meal demand

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London Wheat Stumbles To 12-Month Low, But Still Outperforms Versus 2011 Lows

06/06/13 -- EU grains closed sharply lower on an outlook for potentially record world wheat and corn production this year, despite weather concerns in the US and one or two other areas.


Jul 13 London wheat finished the day GBP3.50/tonne lower at GBP176.50/tonne, and with Nov 13 ending GBP2.15/tonne down at GBP175.60/tonne. Nov 13 Paris wheat settled EUR1.75/tonne easier at EUR204.25/tonne.

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USDA Weekly Export Sales

06/06/13
-- The USDA weekly export sales report is just out, here's the highlights:


SOYBEANS


Sales of 48,400 MT of old crop and 589,900 MT of new crop were in line with trade expectations of a combined 3-700 TMT. Exports were 122,700 MT.
Exports plus outstanding sales now total 36.62 MMT, or 99.7% of the USDA target for the season. Meal sales were robust again incidentally at 134,200 MT of

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EU Rapemeal Prices

06/06/13 -- Rapemeal prices on the continent today are little changed, with new crop a euro or so easier. MDA CropCast forecast the world OSR crop unchanged from last week at 59.0 MMT, up 5.5% on last year, with the Europena crop up 5.2% at 19 MMT.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
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Wheat: Is Anyone Else Getting Deja Vu?

06/06/13 -- The overnight Globex grains are mostly lower, with beans down 7-8 cents on old crop and flat to 2 cents easier on new crop. Wheat is mostly 1-2 cents weaker as is corn.


Wheat is holding up surprisingly well under the circumstances, with the harvest underway in the US and only a month off in the Black Sea region. Whilst the US wheat crop is going to be down in 2013 due to adverse

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Chicago Market Mixed, Old Crop/New Crop Spreads Widen

05/06/13 -- Soycomplex: The soybean market closed mixed with old crop a little firmer and new crop down sharply. Lanworth trimmed their estimate for US soybean production this year from 3.43 billion bushels to 3.4 billion bushels, down slightly but still a record crop. Speculation that 3-4 million acres of intended corn acres will go unplanted this spring (there were 8.75 million unsown as of

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EU Wheat Lower, Large Black Sea Harvest Draws Near

05/06/13 -- EU grains closed lower with Jul 13 London wheat finishing the day GBP2.00tonne easier at GBP180.00/tonne and Nov 13 ending GBP1.25/tonne weaker at GBP177.75/tonne. Nov 13 Paris wheat settled EUR1.50/tonne down at EUR206.00/tonne.


The market needs help and encouragement to move higher, but without it lower is the path of least resistance. With every day that passes the Black Sea

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EU Rapemeal Prices

05/06/13 -- Rapemeal prices on the continent are up nearby as flooding on the Rhine, Elbe and Danube disrupts barge movements. New crop sees little change. The 2013 rapeseed harvest in Eastern Europe is expected to be underway within a couple of weeks.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne, with change from previous trading session:
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Wednesday Morning News Snippets

05/06/13 -- The overnight Globex grains are mixed. Wheat trades flat to 2-3 cents easier, old crop corn is a cent higher and new crop 4-5 cents weaker, soybeans are 3 cents higher to 3 cents lower.


The dollar is weak in ideas that a tightening of US fiscal policy may not be too far away. The Bank of England's Monetary Policy Committee starts its two-day meeting today, last month's vote was

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Chicago Mixed As Market Digests Planting Progress Report

04/06/13 -- Soycomplex: Last night's crop report showed 57% of the crop was planted, in line with market estimates and up from 44% last week. The crop was 93% planted at this point last year. The 5-year average for this time of year is 74% and the 10-year average is 79%. The unplanted area is the equivalent of around 33 million acres. Michael Cordonnier estimated the 2013 US soybean crop at 3.34

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EU Wheat Mixed, Black Sea Crops Improving

04/06/13 - EU grains closed mixed with Jul 13 up GBP1.80/tonne at GBP182.00/tonne and Nov 13 down GBP0250/tonne at GBP179.00/tonne. Paris wheat closed with front month Nov 13 EUR0.25/tonne lower at EUR207.50/tonne.


The weather situation has improved in eastern Ukraine, southern Russia and western Kazakhstan. MDA CropCast said: "rains should build into southeastern Ukraine and western North

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EU Rapemeal Prices

04/06/13 -- Rapemeal prices on the continent are mixed, with old crop months sharply higher for a second session in a row, although buyers are few and far between.

Possibly this is on the back of German flooding and  in anticipation that this year's harvest is going to be later than normal? New crop prices are easier, taking out some of the protection built in yesterday, in line with losses in

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The Morning Vibe

04/06/13 -- It's a classic turnaround Tuesday, with beans down 10/12 cents on old crop and 16-18 cents on new crop. Corn is down mostly 8-10 cents and wheat 7-9 cents easier. It seems that the USDA crop progress report wasn't as bad as many had feared.


Corn planting only advanced from 86% to 91% done last week, but given how wet it was in the Midwest that is being seen as not a bad performance.

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Chicago Mixed, Soybeans At 8-Month Highs

03/06/13 -- Soycomplex: Soybeans advanced on US weather concerns and strong global demand, with Jul 13 pressing on to the highest close for a front month since last October and a highest for the contract since September 2012. Fresh news was relatively thin on the ground, ahead of the USDA crop progress report due out after the close. Weekly soybean export inspections of 4.44 million bushels were

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EU Wheat Mixed But Mostly Higher To Start Week

03/06/13 -- EU grains closed mixed but mostly a little higher on the day following firmer US markets on continued wet weather disrupting US corn, soybean and spring wheat plantings.


Jul 13 London wheat finished the day GBP2.30/tonne lower at GBP180.20/tonne, and with Nov 13 ending GBP0.75/tonne firmer at GBP179.25/tonne. Nov 13 Paris wheat settled up EUR1.75/tonne at EUR207.75/tonne.


Saudi

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EU Rapemeal Prices

03/06/13 -- Rapemeal prices on the continent are sharply higher today, in line with strong gains in CBOT soymeal on Friday night which have followed through into morning trade. A wet weekend on the continent may have caused some crop damage, with localised flooding being reported in the south of Germany.


Latest guide prices for EU rapemeal today, basis FOB Lower Rhine in euros/metric tonne,

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CBOT Close - Friday

31/05/13 -- Soycomplex: The soybean market closed higher on the day and higher on the week. Weekly soybean export sales came in at net reduction of 108,000 MT for old crop and net sales of 756,600 MT for new crop versus trade expectations for sales of a combined 300-800 MT. China cancelled 207,500 MT of old crop but bought 587,000 MT of the new crop along with unknown destinations taking a

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