Wkly Bean Exports Rallied Futures


Grains are mixed to lower. SH is down 1 cent and near 11.95. SMH is near 359.2. BOH is near 45.81. CH is unch and near 4.43. WH is down 1 cent and near 5.88. KWH is down 1 cent and near 6.12.. MWH is unch and near 6.90. US stocks are flat. US Dollar is higher. Crude is flat. Gold is unch.


growing crops

SH is near 11.96. Support is near 11.75. USDA report week. Higher than expected weekly US soybean exports rallied futures. Soybean exports were 52 mil bu, Season to date exports are down 24 pct vs ly. USDA est a 12 pct drop. Dalian soybean, palmoil and soyoil futures were higher. Argentina weather maps show rains later this week. Some still could see US 2023/24 soybean carryout near 323 vs USDA 280, One crop watcher est Brazil soybean crop at 149 mmt vs USDA 157. Argentina  52 mmt vs USDA 50.

CH is near 4.43. Support is near 4.36. USDA report week. Corn exports were 24 mil bu, Season to date exports are up 29 pct vs ly. USDA est a 26 pct increase. US cash markets were softer. Spreads widened. Demand seems to drop faster than SA crop estimates. Dalian corn futures were higher. Corn futures bounced off the lower end of recent range. Some could see US 2023/24 corn carryout near 2,263 vs USDA 2,162. One crop watchers est Brazil corn crop at 115 mmt vs USDA 127. Argentina  56 mmt vs USDA 55. Brazil safrina crop planting pace fastest since 2013.

WH is near 5.88. KWH 6.12. MWH 6.90. USDA report this week. Global wheat import demand has slowed as buyers search for funding. Red Sea unrest could add to freight cost and slow demand. Lower Russia and EU wheat export prices limits rallies in futures. US wheat exports were 9 mil bu, Season to date exports are down 18 pct vs ly. USDA est a 4 pct drop.


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