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2015-02-09T23:41:00.000+00:00

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7-Day Precipitation Forecasts

2015-01-30T14:59:00.003+00:00

7-Day Precipitation Forecasts

Precipitations are expected in the southern Plains and Midwest until early next week in Texas, Oklahoma and eastern Kansas. This seven-day weather map is showing US Plains expected to receive beneficial precipitations. There is no particular concern for the HRW crop.

Source: NOAA/ National Weather Service

Grains and oilseeds markets lower today in Chicago and Paris

2015-01-28T15:06:00.000+00:00

Grains and oilseeds markets lower today in Chicago and Paris.

London, January 28, 2015 - The two main derivatives markets for grains (corn and wheat) and oilseeds (soybeans and rapeseed complex) traded lower across products today. Malaysian Palm oil futures closed 32 higher at 2,210 ringgits. This move can only technical only since demand for palm oil is weakening at the moment.

Traders in Chicago expect markets to trade 1-2 cents lower in corn, 2-4 cents lower in soybeans and 4-6 cents lower in wheat on the opening.

Yesterday in Chicago, funds were reported to have done the following: sold 3,000 soybeans, 2,000 corn, 500 soyoil and 800 soymeal and flat in wheat. Market fundamentals and technicals are now all showing bearish signals.

The March Chicago wheat contract is now trading below the $5.20 support meanwhile the Kansas City March wheat contract made another contract low of $5.44 overnight. Taiwan is tendering for 86,280 MT US milling wheat. The bullish sentiment may now come from US weather, where traders begin to worry about warmer temperatures and its impact on the winter wheat.

On the fundamental side, the US authorities have approved Argentina proposal to qualify for biofuel credits, this will be adding supply and competition to the US market. In the meantime Ukrainian corn is currently competing with US corn exports. There is no bullish news to offset these fundamentals, even though no major announcement for cancellations were announced from China. Chinese state corn reserves are now expected to reach 120 MMT, which would be record levels.

On the macro side, the FOMC meeting minutes are expected to be released today.

AgsPlayers

MATIF Paris Market - Pre-Open Data

2015-01-27T08:38:00.000+00:00

Euronext Liffe Paris Commodities

MATIF Futures - Early Calls

Wheat : - 1 €

Rapeseed : - 2 €

Corn : - 1 €

MATIF Options - Yesterday's Recap

Options Volumes:

Wheat: 8,117 lots

Rapeseed: 73 lots

Corn: 206 lots

Most Traded Options:

Wheat: May 15 - 190 puts

Rapeseed: May 15 - 340 puts

Corn: Mar 15 - 180 calls

Cash Prices

Wheat: 192 €

Rapeseed: 358 €

Corn: 152 €

Euronext LIFFE Paris - Grains & Oilseeds Futures - Settlement Prices - 26 January 2015

2015-01-26T19:31:00.000+00:00

Euronext LIFFE Paris - Grains & Oilseeds Futures - Settlement Prices - 26 January 2015

Euronext LIFFE Paris - Grains & Oilseeds Futures Settlement Prices - 23 Jan 2015

2015-01-23T18:30:00.000+00:00

Euronext LIFFE Paris - Grains & Oilseeds Futures

Settlement Prices - 23 Jan 2015

#wheat #corn #rapeseed #agchat

Chicago grains open mixed

2015-01-22T15:30:00.000+00:00

London, January 22, 2015 - The Chicago overnight market closed higher across the board. No major news was released and traders are waiting for directionality in the markets.

Yesterday managed funds were not really active either, their reported trading volumes are as following: bought 500 wheat, 1,200 beans 1,300 soymeal and sold 2,000 corn 1,500 soyoil.

Analysts and brokers saw corn 1-2 cents higher, soybeans 7-9 cents higher and wheat 5-7 cents higher on their pre-market calls. News and stories are actually pretty light and mixed, so trend followers should be waiting before entering new positions.

On the international tender market South Korea bought corn from the Black Sea as US corn is not competitive enough. Traders are now expecting more cancellations of US shipments from China. These expectations being already priced in, markets should not react too much to new Chinese announcements. No US Export sales were released today since the USDA had postponed the release until tomorrow. Tomorrow is also the day of the February options expiries. Chartists and technical traders should look at the $9.80 and $10.00 levels in soybean. Most of the options volumes being puts on these strikes.

South American countries seems to be still on track for record harvests, with continuous good weather news. Brazilian soybean meal prices are now up due to weaker Brazilian Real and stronger US Dollar.

On the outside markets, the ECB left its interest rates unchanged as expected. Canadian dollars is still lower following the rate cut by the Canadian central bank. This should help Canadian grain exporters. Read our cash prices section for daily Canadian and World cash prices.

Demeter Commodities

Private Exporters Report Sales Activity for China

2015-01-21T14:13:00.002+00:00

Private Exporters Report Sales Activity for China

WASHINGTON, Jan. 21, 2015—Private exporters reported to the U.S. Department of Agriculture export sales of 176,000 metric tons of soybeans for delivery to China during the 2014/2015 marketing year.

The marketing year for soybeans began Sept. 1.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3 P.M. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

Source: USDA (U.S. Department of Agriculture)

Private Exporters Report Sales Activity for Unknown Destinations and Taiwan

2015-01-14T14:08:00.002+00:00

Private Exporters Report Sales Activity for Unknown Destinations and Taiwan

WASHINGTON, Jan. 14, 2015—Private exporters reported to the U.S. Department of Agriculture the following activity:

Export sales of 202,750 metric tons of soybeans for delivery to unknown destinations. Of the total, 102,750 metric tons is for delivery during the 2014/2015 marketing year and 100,000 metric tons is for delivery during the 2015/2016 marketing year; and
Export sales of 125,000 metric tons on corn for delivery to Taiwan during the 2014/2015 marketing year.

The marketing year for corn and soybeans began Sept. 1.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3:00 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

Source: USDA (U.S. Department of Agriculture)

Private Exporters Report Sales Activity for Unknown Destinations

2015-01-13T14:16:00.002+00:00

Private Exporters Report Sales Activity for Unknown Destinations

WASHINGTON, Jan. 13, 2015—Private exporters reported to the U.S. Department of Agriculture export sales of 105,000 metric tons of corn for delivery to unknown destinations during the 2014/2015 marketing year.

The marketing year for corn began Sept. 1.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3:00 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

Source: USDA (U.S. Department of Agriculture)

Private Exporters Report Sales Activity for China

2015-01-08T14:05:00.000+00:00

Private Exporters Report Sales Activity for China

WASHINGTON, Jan. 8, 2015—Private exporters reported to the U.S. Department of Agriculture export sales of 118,000 metric tons of soybeans for delivery to China during the 2014/2015 marketing year.

The marketing year for soybeans began Sept. 1.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3:00 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

Source: USDA (U.S. Department of Agriculture)

Export Sales Correction‏ - Private Exporters Report Sales Activity for China

2015-01-06T18:27:00.004+00:00

Private Exporters Report Sales Activity for China

WASHINGTON, Jan. 6, 2015—FAS Program Announcement FAS-ESR-03-15, issued at 9:00 a.m. on Jan. 6, which announced export sales of 243,000 metric tons of soybeans for delivery to China during the 2015/2016 marketing year was reported in error. The correct announcement is as follows:

Export sales of 123,000 metric tons of soybeans for delivery to China during the 2014/2015 marketing year; and
Export sales of 120,000 metric tons of soybeans for delivery to China during the 2015/2016 marketing year.

The marketing year for soybeans began Sept. 1.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 metric tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination, by 3:00 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

Source: USDA

Private Exporters Report Sales Activity for China

2015-01-06T14:07:00.002+00:00

Private Exporters Report Sales Activity for China

WASHINGTON, Jan. 6, 2015—Private exporters reported to the U.S. Department of Agriculture export sales of 243,000 metric tons of soybeans for delivery to China during the 2015/2016 marketing year.

The marketing year for soybeans began Sept. 1.

Source: USDA

Private Exporters Report Sales Activity for Mexico

2014-12-30T14:21:00.004+00:00

Private Exporters Report Sales Activity for Mexico

WASHINGTON, Dec. 30, 2014—Private exporters reported to the U.S. Department of Agriculture export sales of 157,500 metric tons of corn for delivery to Mexico during the 2014/2015 marketing year.

The marketing year for corn began Sept. 1.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3:00 p.m. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

Source: USDA

Do you intend to plant more beans in 2015 ?

2014-12-26T12:36:00.000+00:00

Interesting poll: Do you intend to plant more beans than your normal rotation would call for, with the 2015 bean/corn ratio at 2.43 currently?

Interesting poll from the Agriculture.com forum

Links to read the full thread:
http://community.agriculture.com/t5/Marketing/Bunge-s-latest-question/td-p/567319
http://bit.ly/1CLsmD5

Join our forum to discuss and ask questions.

BREAKING NEWS: Russian wheat export tariff to be 35 euro min; 15%+7.5 euro - Sovecon

2014-12-25T21:51:00.001+00:00

Latest news on the Russian export restrictions...

At a glance (special thanks to Sovecon www.sovecon.ru for their invaluable contribution):

#Grain export duty, summary: 1. 15%+€7,5, €35/t min. 2. From 1 Feb to middle of 2015. 3. For #wheat only.

— SovEcon (@sovecon) December 25, 2014

Official text from Govt:http://government.ru/docs/16329/

European markets up, US markets down; exports from Russia stopped

2014-12-24T21:34:00.000+00:00

London, Dec. 24, 2014-European markets up, US markets down; exports from Russia stopped

Arkady Zlochevsky, president of the Russian grain union confirmed today in Moscow that Russia stopped grains shipments to other countries including Egypt. Egypt is now facing delivery failures and Russia is at risk of losing its reputation among grain traders.

Because of low volumes today, liquidity was not good in the markets and futures contracts moved brutally. European markets closed up. The trade thinks that European origins will benefit from the Russian export halt. US markets however closed lower, especially in the wheat markets. Chicago, Kansas City and Minneapolis all closed with two-digit losses. US wheat is seen as too expensive and year end and holiday market forced some traders to square their books and take profit on their long positions. The price action with these light volumes was probably exaggerated. Friday trading session will tell us more about the direction the wheat market is taking.

Corn closed lower too, losses were probably limited by good ethanol production numbers. Data showed an increase in ethanol production to 992,000 barrels per day last week. There will be no export sales report tomorrow, the next report has been postponed by the USDA to Monday. The previous report showed good demand from Japan and Mexico, two large buyers of US corn.

Soybean futures closed lower today along with soybean meal and soyoil. The front month contract in Soybean has been trading in a range for the last two months. In December, this range was $0.765/bushel only. The market is clearly looking for a direction; market-moving news should come soon from South America. South American weather forecasts remains being favorable. The Mato Grosso state in Brazil continues to receive rain. Crop areas in Argentina are mostly dry.

AgsPlayers

Chicago Grains Recap: Wheat and Corn higher, Soybean unchanged

2014-12-23T23:36:00.001+00:00

London, Dec. 23, 2014-Chicago Grains Recap: Wheat and Corn higher, Soybean unchanged

The market traded on low volumes and lack of noticeable news today. Uncertainty and the combination of month end, quarter end and year end explain why many traders were not active.

Russian level of export duties are still unknown, the Russian National Association of Exporters of Agricultural Products (NAESP) asked the government to postpone any export duties until March 2015. In the meantime specialists issued cold weather forecasts next week in the Plains and Midwest. After two days of negative trading, wheat traders decided to buy wheat and put an end to the previous price correction. Funds are reported to be long around 23,000 Chicago contracts, and the rest of the market seems to be long too.

After trading up following corn and wheat in the early in the session, Soybeans futures closed at or near unchanged in the first three expiries. Weather in South America is limiting any upside at the moment. Talk suggest China has covered 100% of its soybean needs for January and 50% for February.Funds are reported to be long 63,000 Chicago soybean contracts.

Corn futures prices were firmer today even though March 15 failed to stay above the $4,15 key level. The cash markets is in selling mode and is offsetting the speculative buying activity. Technical traders are now looking for the price to break the $4.15 and trade to next level of $4.50. On the options space, flows are showing stop-losses on bearish trades. Funds are currently long around 230,000 Chicago corn contracts.

The next Weekly US export sales report will be published on Monday at 7.30 am Chicago time.

Today funds are reported to be neutral soybeans and to have bought 3,000 corn contracts, 4,000 wheat contracts. Reuters-owned agency Lanworth published its world crop estimates:

2014/15 world corn production: 1,005 [984–1,014] million tons, 13 million tons above USDA
2014/15 world soybean production: 320 [304–324] million tons, 7 million tons above USDA
2014/15 world wheat production: 715 [709–723] million tons, 7 million tons below USDA
2014/15 world rapeseed production: 70 [69–72] million tons, 2 million tons below USDA

Demeter Commodities

Overnight grains mixed on lack of news and light volumes

2014-12-23T11:42:00.000+00:00

London, Dec. 23, 2014-Overnight grains mixed on lack of news and light volumes

Grain markets are quiet so far today. The main exchanges are seeing low volumes and no major news or numbers have been released to bring activity to the market.

The Taiwan Flour Millers' Association bought 78,320 tonnes of milling wheat from the United States for February and March 2015 shipment in a tender closing today. In their last tender they bought 82,050 tonnes still from the United States. Norh Korea received 22,900 tonnes of wheat from Russia.

Cash markets are quiet elsewhere, buyers are usually inactive at this time of the year and probably reluctant to buy wheat at current high prices

Russian newswires reported the National Association of Exporters of Agricultural Products (NAESP) asked the Russian Government to postpone the exports duties on grains until March 1, 2015. This could have been a market mover but traders little reacted to this headline.

In Australia, the harvest is almost done in the Western Australia region, the CBH system is reported to have received more than 12.7 million tonnes of grain so far.

Corn is almost unchanged on the Chicago overnight session, strong demand and supportive news from China have already been priced in. The wheat premium over corn is still narrowing after spiking last week. Traders are starting to watch and trade this spread more actively.

Yesterday, DuPont confirmed that China has approved imports of its GMO soybean variety called Pioneer. China had previously approved a variety developed by Bayer. US weekly export sales reported by the USDA yesterday confirmed demand is strong at the moment. They were up 18.6% from the previous week at 2.234 million tonnes. Last year for the same week the number was 48% lower.

Demeter Commodities

Wheat lower despite bullish announcement from Russia, Corn and Soybeans higher

2014-12-22T21:28:00.000+00:00

Wheat lower despite bullish announcement from Russia, Corn and Soybeans higher

London, Dec. 22, 2014-Markets are unpredictable. For those who follow us on Twitter, you probably immediately remember this Tweet we posted after the Russian government announced it was preparing an export duty to restrict grains exports (wheat being the main focus of this new duty).

Markets are unpredictable: medias posted "Russia to impose grain export duty" ... 10 mins before them we posted this http://t.co/YaYsvfnvgW
— Ags Players (@AgsPlayers) December 22, 2014

Indeed, our previous article was called "WHEAT LOWER AGAIN AFTER THE WEEKEND" (click here to read this article) and was ending by these words: "This week should be quieter unless..."
Unluckily, the market didn't stay low nor quiet for a long time.

Wheat bears and people claiming the wheat story was over got probably shocked by this new announcement. Wheat futures rallied and wheat was the main focus again. It didn't last long though. Traders realised the market went too far. They also remembered that US wheat is still expensive and that Russian supply can be replaced by other competitive origins. The two international wheat tenders this weekend showed that Egypt and Iraq bought respectively 240,000 tons of French wheat and 50,000 tons of Romanian wheat. These two factors explain why wheat finishes down for the second day despite bullish news from Russia.

Soybeans had the bigger gains among the Chicago cereals markets today after larger-than-expected weekly export inspections. Pakistan was a buyer of 50,000 tons of US beans. Higher soymeal futures gave support too. Trading volumes were not large and no noticeable news were to be reported. News from South America continue to be good for crops.

Corn finished slightly up. The corn market was supported today by good export news and by Chinese authorities approving formerly banned varities. The question is: will this approval bring a bullish support to the corn market ? China's Customs Department said corn imports were down 67.5% from a year ago and down 97.5% for the US origin. This drop of demand from China should worry the corn bulls.

The recap for the Weekly Export Sales is:
Corn 790,415 MT
Soybeans 2,234,262 MT
Wheat 442,055 MT.

AgsPlayers

Wheat lower again after the weekend

2014-12-22T10:17:00.000+00:00

London, Dec. 22, 2014-Wheat lower again after the weekend

Last week wheat was the main focus of the Cereals markets and probably the most followed commodity. It started when Russia announced it would restrict its exports and the market reacted by buying wheat futures contracts like there was no wheat left in the world.

On Friday, the market sent another message: there is plenty of wheat in the world and the Russian measures cannot be a bullish factor for ever. Traders took their profit and the market seems to keep thinking the same today since the Chicago overnight market is currently trading lower in wheat (down 4'2 as we are writing). On that same day, funds were estimated to have sold 7,000 contracts in Chicago.

The Russian story should be over now, Russia has already exported most of its wheat and customers have bought what they needed. Other origins can supply world customers and the Egyptian tender this weekend is probably the best proof of it.

Egypt's main wheat buying agency GASC (General Authority For Supply Commodities) booked 300,000 tons of wheat, with a large part from France (240,000 tons) and the rest from Russia (60,000 tons). The Agriculture minister said their supply is sufficient until late April but traders expect Egypt to come back to the market before this date. Meanwhile, India allowed up to 500,000 MT of wheat exports at current prices.

Last week, weekly changes in wheat have been in the main markets: Chicago up 25 ¾ cents, Minneapolis up 27 ½ cents and Kansas City up 31 ¾ cents. This week should be quieter unless...

AgsPlayers

US Private Exporters Report Sales Activity for Unknown Destinations

2014-12-19T15:23:00.001+00:00

US Private Exporters Report Sales Activity for Unknown Destinations

WASHINGTON, Dec. 22, 2014—Private exporters reported to the U.S. Department of Agriculture export sales of 166,600 metric tons of corn for delivery to unknown destinations during the 2014/2015 marketing year.

The marketing year for corn began Sept. 1.

USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period, except 20,000 tons for soybean oil, made in one day to one destination or quantities totaling 40,000 tons or more in any reporting period, by 3 P.M. Eastern time on the next business day following the sale. Export sales of less than these quantities must be reported to USDA on a weekly basis.

2014-11-17T08:59:00.003+00:00

AgsPlayers - Grains & Oilseeds Daily Report

Tuesday, 23 December 2014

Paris Early Calls: Wheat -2€; Rapeseed -1€; Corn -1 €
Russian exporters applied to postpone export duties on grains until March 1, 2015
Cash markets activity lower on Christmas period
Estimated funds activity: flat Corn; bought 4,000 Soybeans; sold 4,000 Wheat
West Australia west harvest almost complete; 80% of the Argentine soybean crop should be planted by the end of the week
Oil lower

"Buy cheap...Buy twice." - Anonymous

2014-11-15T19:26:00.002+00:00

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2013-12-11T13:14:00.003+00:00



FOB offers in Egypt GASC wheat tender‏

(Shipper Offer Origin Quantity Ports)

1 Bunge 294.67 France 60 1

2 Toepfer 295.96 Romania 60 1

3 Glencore 297.10 France 60 1

4 LDC 297.74 France 60 1

5 Soufflet 297.95 France 60 1

6 Granit 298.49 France 60 1

7 Invivo 298.75 France 60 1 or 2

8 Ameropa 299.50 Romania 60 1 2

9 Noble 300.44 France 60 1

10 Cargill 301.96 France 60 2

11 Vitol 304.00 Germany 60 1


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