US Crop Ratings Mixed This Week


Grains are higher. SX is up 6 cents and near 13.04. SMZ is near 390.8. BOZ is near 57.53. CZ is up 1 cent and near 4.82. WZ is up 6 cents and near 5.95. KWZ is up 6 cents and near 7.21. MWZ is up 7 cents and near 7.76. US Dollar is higher. Crude is lower. US stocks are lower.

harvesting crops

Soybean futures are higher. Dalian soybean futures were lower. Soymeal was higher. Dalian palmoil and soyoil were lower. Season to date US soybean exports were near 47 mil bu vs 44 ly. USDA dropped US soybean crop rating 2 pct to 50 G/E. Early soybean yields remain variable but seed size is smaller than normal. Steep soyoil selloff linked in part to lower RIN values, fund long liquidation and lower China metal prices. Brazil soybean planting is near 2 pct and slowed due to dry weather. SX back above 13.00. Next resistance is 13.07 then 13.27.

Corn futures are slightly higher. East US Midwest is dry and should help harvest. Yields are variable. West was wet. Brazil is dry. Russia continues to attack Ukraine Odessa grain port facilities. US farmer remains slow seller of corn with ethanol margins positive. US corn exports are near 77 ml bu vs 67 ly. USDA announced large US corn sale of 1.6 mmt to Mexico, 1.0 old crop and 600 mt new. USDA raised US corn crop rating 2 pct to 53 G/E. US harvest is 15 pct done. CZ is back above 4.80 with next resistance near 4.97.

Wheat futures are higher. Australia remains dry. It remains warm and dry across S Russia and Ukraine wheat crops area. US south plains is dry. Higher Russia export supplies and lower prices limit upside in futures. Season to date US wheat export were near 206 mil bu vs 288 ly. 26 pct of US winter wheat crop is planted vs 29 ly. Tunisia is tendering for wheat. Morocco announced OND wheat import demand near 2.0 mmt. Rains in south Brazil has dropped crop to feed quality. Russia and Ukraine wheat plantings slowed due to dry weather. WZ back near 6.00. 6.07 is next resistance then 6.13.


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