Weekly Grain Exports Hit-and-Miss

Author: The Jacobsen

Weekly Grain Exports Hit-and-Miss

The Jacobsen | 05.11.2023

Market Update

Soybean futures slipped to a one-week low this morning, falling sharply overnight. This bearish move was caused primarily by rapid planting across the Heartland, and diminished orders from China. Price declines were partly tempered by the decreased projection for Argentina's 2022/23 soybean crop.

The CME values were mixed as we approached the end of the week. Corn is down $0.1175 to $5.82/st. which is led by losses in the old crop futures. Soybeans held firm and are up $0.0150 to $14.05/st. Soymeal was stronger...

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Animal Proteins – International

Animal Proteins – International

International animal proteins had limited reports for the week, with some extending holidays from the start of May. Values...

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Robust Food, Fuel Demand Lifts RBD Soy Oil Basis Again

Robust Food, Fuel Demand Lifts RBD Soy Oil Basis Again

Refined soybean oil basis levels continued higher at midweek, due to robust demand from the food and renewable diesel...

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Ethanol Production Drops While Margin Increases

Ethanol Production Drops While Margin Increases

Market Update

Steady to slightly softer values have been indicated on feed related items from most contacts due to light...

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Broiler Slaughter Pushes Up Before Memorial Day Weekend

Broiler Slaughter Pushes Up Before Memorial Day Weekend

Values for mid-week were reported as steady from participants. Accounts of thin offering levels were made by the majority....

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U.S. DCO Production Falls to 4-Week Low

U.S. DCO Production Falls to 4-Week Low

**Please note - Ryan Standard was out of the office today and will be out on May 11th. In his...

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Palm Oil Extends Gains; SBO Continues to Slide

Palm Oil Extends Gains; SBO Continues to Slide

Palm oil futures extended higher on Tuesday, with indications of stronger May exports and worries of tightening stocks underpinning...

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Corn Crops Over Planting Expectations

Corn Crops Over Planting Expectations

Market Update

The CME values were under pressure for the start of the week. Corn was down $0.1175 to $5.84/st...

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Low Cattle Weights Diminish 2023 Production Levels More

Low Cattle Weights Diminish 2023 Production Levels More

Limited trade was reported for the start of the week with most participants testing values or monitoring CME prices,...

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