Market Commentary 24 Dec 2024
Wheat Commentary
6 hours ago
US and European wheat futures dipped on Tuesday December 24 amid light trading as market participants still actively squared positions ahead of the Christmas holiday.
Corn Commentary
6 hours ago
US corn futures edged higher on Tuesday December 24 in light trading, as traders squared positions ahead of the Christmas holiday.
Soybean Commentary
6 hours ago
Soybean market activity was extremely reduced ahead of the Christmas holiday on Tuesday December 24.
Vegoils Commentary
7 hours ago
Crude palm oil (CPO) futures fell at the midday close on Tuesday December 24 but rose on the afternoon close amid some profit-taking ahead of the Christmas Day holiday, while related vegoils edged higher.
Market Commentary 23 Dec 2024
Wheat Commentary
23 Dec 2024
US and European wheat futures rose on Monday December 23, amid light trading at the start of the short holiday week, on signs of surprisingly robust demand for shipments of the grain.
Corn Commentary
23 Dec 2024
US corn futures recorded slight gains on Monday December 23, while global markets, including Asia and South America, showed mixed trends.
Soybean Commentary
23 Dec 2024
Soybean futures fell on the Chicago Mercantile Exchange on Monday December 23 following a strong devaluation of the Brazilian Real against the US dollar, rain in Brazil and bearish external markets despite fresh US sales.
Vegoils Commentary
23 Dec 2024
Crude palm oil (CPO) futures broke their six-day losing streak to close higher on Monday December 23, following firmer prices for rival oils, higher crude oil prices and bouts of bargain buying.
Market Commentary 20 Dec 2024
Wheat Commentary
20 Dec 2024
US wheat futures edged higher on Friday December 20, ending a three-day streak of declines as the dollar slipped against its peers, while European futures continued to drop on ample global supply.
Corn Commentary
20 Dec 2024
US corn futures rose on Friday December 20, supported by steady cash demand.
Soybean Commentary
20 Dec 2024
Soybean futures extended gains on the Chicago Mercantile Exchange on Friday December 20 because of strong soymeal gains, along with technical buying after this week’s four-year lows.
Vegoils Commentary
20 Dec 2024
Vegoils futures were mixed in the Asian markets on Friday December 20, with crude palm oil (CPO) down further on weak exports and amid confusion over Indonesia's B40 program.
Market Commentary 19 Dec 2024
Wheat Commentary
19 Dec 2024
US wheat futures declined for a third session on Thursday December 19, as ample global supplies and the dollar's strength bolstered concern about the competitiveness of the country’s exports in global markets.
Corn Commentary
19 Dec 2024
Corn futures edged higher on Thursday December 19, with the Chicago Mercantile Exchange March and May contracts posting modest gains, while global markets saw mixed movement amid steady demand in South America and Ukraine.
Soybean Commentary
19 Dec 2024
Soybean futures rose on the Chicago Mercantile Exchange on Thursday December 19, with a Real valuation against the US dollar, fresh US sales and higher prices for derived products, despite rain over Brazil and bearish external markets.
Vegoils Commentary
19 Dec 2024
Vegoils futures had a mixed performance on Thursday December 19 with most Asian markets tumbling sharply, crude palm oil (CPO) futures in Malaysia pairing most of the losses seen in the earlier part of the session and soyoil futures in Chicago catching a bid on bargain buying and higher soybean prices.
Market Commentary 18 Dec 2024
Wheat Commentary
18 Dec 2024
US wheat futures declined for a second day on Wednesday December 18 as dollar strength bolstered concern that the country’s grain exports will be less competitive on global markets, while European futures edged higher on speculation about the health and size of the upcoming Russian crop.
Corn Commentary
18 Dec 2024
US corn futures on the Chicago Mercantile Exchange continued their downward trend on Wednesday December 18, with global markets exhibiting mixed markets with notable declines in Asia and stable conditions in Ukraine and South America.
Soybean Commentary
18 Dec 2024
Soybean futures plummeted on the Chicago Mercantile Exchange for the third consecutive session on Wednesday December 18, hitting a four-year low, pressured by a sharp decline in soybean oil and meal prices, along with favorable weather for crop development in South America and the prospect of a bumper crop continuing to bring soybean futures lower.
Vegoils Commentary
18 Dec 2024
Crude palm oil (CPO) futures in Malaysia tumbled on Wednesday December 18 on a combination of declines in related vegetable oil futures, soft export demand and extended profit-taking.
Market Commentary 17 Dec 2024
Wheat Commentary
17 Dec 2024
US and European wheat futures retreated on Tuesday December 17 amid a lack of fresh bullish headlines and as the dollar's strength weighed on US prices.
Corn Commentary
17 Dec 2024
US corn futures dipped on Tuesday December 17 as the dollar strengthened against other major currencies, bolstering concern about the competitiveness of the country’s crop exports on global markets.
Soybean Commentary
17 Dec 2024
Soybean futures fell on the Chicago Mercantile Exchange on Tuesday December 17, pressured by concerns over a new trade war, rain in Brazil and lower crude and vegetable oils prices. New US flash sales limited the fall.
Vegoils Commentary
17 Dec 2024
Crude palm oil (CPO) futures in Malaysia fell on Tuesday December 17 on lower related vegetable oil futures and profit-taking, while soyoil fell sharply on the Chicago Mercantile Exchange amid a technical sell-off movement.
Market Commentary 16 Dec 2024
Wheat Commentary
16 Dec 2024
Wheat futures in Europe and two of three US wheat markets advanced on Monday December 16 on strong demand in importing countries and on continuing concerns over the quality of the Russian crop.
Corn Commentary
16 Dec 2024
US corn futures advanced on Monday December 16 after government data showed that export inspections rose in the previous week, signaling continued strong demand for the country’s crop on global markets.
Soybean Commentary
16 Dec 2024
Soybean futures started the week in negative territory on the Chicago Mercantile Exchange, changing directions as US export inspections fell and National Oilseed Processors Association (NOPA) crush figures declined on the month, landing below estimates.
Vegoils Commentary
16 Dec 2024
Crude palm oil (CPO) prices in Malaysia fell on Monday December 16 pressured by profit-taking and indications of slower export demand, which contributed to pull soyoil futures lower in Chicago.