Grains Are Lower at Month End


Grains are lower. Month end. SX is down 2 cents and near 13.84. SMZ is near 408.5. BOZ is near 62.85. CZ is down 1 cent and near 4.79. WZ is down 10 cents and near 5.96. KWZ is down 12 cents and near 7.19. MWZ is down 5 cents and near 7.74.. US stocks are higher. US Dollar is higher. Crude is higher.

Soybean futures are lower. US soybean 2 week forecast is dry. Some rains are forecast in N and E Argentina. Dalian soybean, soymeal, soyoil and palmoil were higher. USDA announced 266 mt new soybean sales to unknown. Weekly US soybean export sales are est near 650-1,700 mt. US barge prices are higher due to low Miss river water levels. Argentina crush is dropping due to low soybean supplies. Ukraine looks to shift from oilseed exports to product exporters. There was a crop tour of ND and MN. ND soybean yield potential was below USDA 33, MN near USDA 49. There no soybean, soymeal and soyoil Sep deliveries .

Corn futures are lower. There is little new news. Trade debating final US corn yield. There was a crop tour of ND and MN. ND corn yield potential was above USDA 130, MN near USDA 183. US corn cif prices are up due to low Miss River water levels and reduces US competitiveness vs Brazil. There is still uncertainty over pace of Ukraine exports. Weekly US corn export sales are est near 250-1,250 mt. There were no Sep corn deliveries. There were 269 Sep oat deliveries.

Wheat futures are lower. Australia, Argentina, Canada and Black Sea crops could decline. There is no geopolitical and weather premium in US futures. Slow EU exports is weighing on global wheat prices. Weekly US wheat export sales are est near 250-700 mt. Egypt bought 2 French wheat cargoes and 2 Romanian. There were 1,113 Chicago wheat, 168 KC and 420 Minneapolis wheat Sep deliveries.


Interested in more futures markets?  Explore our Market Dashboards here.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore the latest edition of The Ghost in the Machine

Explore Now