22 May 2018

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Weekly Report

E.g., 22/06/2018
E.g., 22/06/2018
12 Mar 2018 - Hammersmith
So, this was the week of the WASDE – normally the most exciting week of the month during the winter period. Corn had a somewhat bullish WASDE report but only somewhat with prices only moving up by USD 2 or 3 m/t on the week. Soybeans and soymeal got hit hard by the WASDE with larger year end stocks in the US and higher expected yields in Brazil and ended the week with losses of about USD 12 m/t for soybeans and close to USD 20 m/t for soymeal. Wheat prices too were lower on the week with most saying that wheat was lower only because it had rallied too much or that it dropped only in reactions to everything else dropping – sometimes it is only emotion with little or no actual reasoning or just sell stops on major traders’ computers.........please click PDF to see more details
06 Mar 2018 - CFO Exclusive
Chinese fishmeal users are now commonly looking forward to a well-improved biomass for fishing….
05 Mar 2018 - Hammersmith
Looks like another week of the soybean as Argentina is still at center stage in world grain markets and comments. US futures prices for soybeans were up by about USD 8 m/t while soymeal rallied by close to USD 15 m/t. But it wasn’t just soybeans this week as wheat also took a good run higher with US hard red winter wheat (HRW) up by USD 18 m/t while US soft red winter wheat was up by about USD 13 m/t.................please see click PDF to see more details
27 Feb 2018 - CFO Exclusive
Cash trend of China fishmeal remains strong due to less-than-usual cargoes ….
26 Feb 2018 - Hammersmith
Once again, this week, soybeans were the most exciting part of the market with prices moving higher by another USD 5 or 6 m/t. The dry weather in Argentina coupled with lowered Argentina crop estimates continue to push soybean prices higher. Preliminary crop estimates in the US for soybeans were mainly neutral but more experts are getting on board for a record soybean crop in Brazil. Looks like the bullish side of soybeans is still winning even though everyone’s crop but Argentina looks to be in or close to record levels..........please click PDF to see more details
19 Feb 2018 - Hammersmith
Monday is a holiday in the US – Presidents’ Day – businesses, banks and the CBOT will be closed. Soybeans and soymeal certainly led the market higher this week with soybeans up by about USD 14 m/t while soymeal was bumping on USD 30 m/t higher. Possible soybean harvest delays in Brazil along with continued dry weather in Argentina pushed soybean prices higher. Also, private estimates are saying that the Brazilian government soybean crop estimates could be 5 million m/t too high. Certainly some good reasons to push up soybean/soymeal prices.........................please click PDF to see more details
12 Feb 2018 - Hammersmith
Ah, this was the week of the USDA WASDE report and, as usual, it is never quite what we expected. Perhaps, it is also true that the volatility in the world stock exchanges is having a bigger effect on commodity prices than the WASDE – or even the downs and ups of the US dollar. With corn, the feeling was that the WASDE was a little supportive due to the lower ending stocks numbers, but corn futures ended the week with little or no change. For soybeans, the WASDE was seen as being bearish due to the USDA’s higher crop estimate but then the drop in the Argentina soybean crop forecast from the Argentina government certainly changed the market ideas when it came in about 4 million m/t below the USDA estimates.............please click PDF to see more details
06 Feb 2018 - CFO Exclusive
RMB cash bid would be quietly stable during Feb 8 and 25 where the common inland transportation would…
05 Feb 2018 - Hammersmith
Looking at market prices this week, the only grain to show much strength was wheat – hard red winter in particular. The winter wheat crop was said to be quite vulnerable to the cold weather and a lack of snow cover in major HRW areas created concern. The weather forecast did change on Friday and there seems to be some snow in the forecast which will offer better protection to the wheat........please click PDF to see more details
29 Jan 2018 - Hammersmith
Again this week, soybeans/soymeal were the hot item – soybean prices have rallied by USD 18 to 20 m/t in the past two weeks and the rally may not be over. As was reported last week, the continued heavy rains in Brazil have badly delayed the harvest of the soybean crop and is making the planting of the corn crop more difficult. However, a couple of weather reports have said the rains will stop shortly and while that may get the soybeans harvested what will happen with the planting of the second corn crop. You can’t put corn in the ground if the soybeans are still there............please click PDF to see more details

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