Mixed Grains on Report Day



USDA report today. Grains are mixed. SK is up 2 cents and near 11.67. SMK is near 339.6. BOK is near 46.16. CK is unch and near 4.37. WK is up 5 cents and near 5.33. KWK is unch and near 5.74. MWK is unch and near 6.55. US stocks are higher. US Dollar is lower. Crude is higher. Gold is higher.



SK is near 11.67. There remains uncertainty over size of Brazil soybean crop and China soybean import demand. Dalian soybean, soymeal, palmoil and soyoil futures were higher. C Brazil could see rains. MGDS and Parana remains dry. Brazil soybean export prices jumped to $435 vs US $449. CONAB next Tuesday. Brazil farmer increased cash sales. Most expect USDA to show slight drop in Brazil soybean and unchanged Argentina crop. US soybean commit is down 19 pct vs ly vs USDA est of a 12 pct drop. China vegoil prices up and near resistance. Higher World vegoil prices helping BOK trade over 50 DMA.

CK is near 4.37. Resistance 4.43. CK closed over 20 DMA for first time in 2024. US fob price $196 vs Ukraine $172. US Midwest warm and dry. Should help early plantings. There remains uncertainty over size of Brazil corn crop. CONAB next Tuesday. Brazil corn futures were sharply higher on slow farmer selling. Most expect USDA to show slight drop in Brazil corn crop and unchanged Argentina crop. Dalian corn futures were lower. US corn export commit is up 27 pct vs ly with USDA est a 26 pct increase

Wheat futures are mixed. China cancelled 2 US SRW cargoes. Trade could see a total of 4-5. WK is near 5.31. KWK jumped to 5.74. MWK is near 6.55. Russia export price is below $190 vs US SRW $232. Egypt cancelled its tender due to high prices. Non US global exporters are competing for lower World import demand with Russia exporting 1 mmt of wheat per week. US wheat commit is up 6 pct vs ly. Few look for changes in todays WASDE wheat numbers.


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