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Market Commentary

Midday Report 05/21


Traders also seemed to view the weekly USDA Crop Progress report as bearish, with news of greatly accelerated spring wheat plantings apparently overruling the supportive aspect of diminishing winter wheat conditions. The fact that many areas where plants are already growing are being blessed with plentiful moisture may also be weighing upon the markets. July CBOT wheat futures dove 8.5 cents to $6.7675/bushel in Tuesday morning trading, and July KCBT wheat tumbled 9.5 to $7.355, while July MGE futures actually rose 2.5 cents to $8.1375.
Market Info

Key Reports/Outlook

World wheat production down, led by Australia

11/14/2012 10:00:00 AM

World wheat production in 2012/13 is projected down 1.6 million tons to 651.4 million, which is 44.6... Read more.

U.S. winter wheat conditions mixed

11/14/2012 9:30:00 AM

Winter wheat conditions as of November 4 are not as favorable as last year at this time. For all winter... Read more.

Lower wheat exports raise ending stocks

11/14/2012 9:00:00 AM

Projected U.S. wheat ending stocks for 2012/13 are raised 50 million bushels this month. Exports are... Read more.

Grains higher on month-end fund buying

10/31/2012 3:31:18 PM

Corn futures settled higher on Wednesday. Generally speaking the grain complex closed with firm gains... Read more.

World wheat trade slightly down, U.S. export prospects reduced

10/16/2012 7:00:00 PM

World wheat trade in 2012/13 (international July-June trade year) is projected at 136.1 million tons,... Read more.

World wheat use and ending stocks down modestly in 2012/13

10/16/2012 8:45:00 AM

Global wheat supply prospects for 2012/13 were reduced not only by lower production prospects, but... Read more.

World wheat production prospects reduced this month

10/16/2012 6:40:00 AM

Global wheat production in 2012/13 is projected to reach 653.0 million tons, down 5.7 million tons... Read more.

Reduced wheat exports partially offset higher feed, residual use

10/15/2012 10:40:00 AM

Projected U.S. wheat ending stocks for 2012/13 are lowered 44 million bushels as higher feed and residual... Read more.

WASDE lowers U.S. project wheat ending stock

10/11/2012 7:57:41 AM

According to the USDA's World Agricultural Supply and Demand Estimates report, projected U.S. wheat ending... Read more.

All wheat stocks dip slightly from 2011

09/28/2012 7:39:31 AM

According to the USDA's latest Grain Stocks report, all wheat stored in all positions on September... Read more.

Grains mixed at midday

09/25/2012 12:00:43 PM

Corn futures are trading lower at midday. Corn prices were trading slightly higher early morning... Read more.

USDA wheat baseline, 2012-2021

09/14/2012 1:17:56 PM

Each year, USDA updates its 10-year projections of supply and utilization for major field crops grown... Read more.

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