DJ China Dalian Grain Futures Closing Prices, Volume
Soybean No. 1
Turnover: 267,840 lots, or 11.65 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-14 4,795 4,796 4,795 4,796 4,754 4,795 41 128 2,526
Jul-14 – - – 4,515 4,508 4,515 7 0 12
Sep-14 4,356 4,405 4,351 4,381 4,366 4,384 18 157,604 284,566
Nov-14 4,358 4,364 4,351 4,351 4,327 4,358 31 14 180
Jan-15 4,283 4,312 4,278 4,292 4,303 4,297 -6 109,400 208,692
Mar-15 – - – 4,302 4,308 4,302 -6 0 34
May-15 4,367 4,386 4,350 4,353 4,373 4,367 -6 516 3,824
Jul-15 4,403 4,403 4,403 4,403 4,419 4,403 -16 2 8
Sep-15 4,407 4,437 4,403 4,414 4,426 4,418 -8 176 1,108
Soybean No. 2
Turnover: 8 lots, or 304800 yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-14 – - – 4,180 4,180 4,180 0 0 0
Jul-14 – - – 4,332 4,332 4,332 0 0 36
Sep-14 – - – 4,072 4,068 4,072 4 0 316
Nov-14 – - – 3,890 3,889 3,890 1 0 10
Jan-15 – - – 3,820 3,819 3,820 1 0 90
Mar-15 3,701 3,895 3,701 3,804 3,820 3,810 -10 8 2
Corn
Turnover: 30,964 lots, or 731.60 million yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-14 – - – 2,395 2,395 2,395 0 0 3,446
Jul-14 2,363 2,363 2,363 2,363 2,371 2,363 -8 2 18
Sep-14 2,370 2,371 2,365 2,365 2,371 2,368 -3 25,574 249,140
Nov-14 2,302 2,302 2,302 2,302 2,304 2,302 -2 2 78
Jan-15 2,333 2,339 2,332 2,336 2,335 2,337 2 5,386 38,542
Mar-15 – - – 2,347 2,347 2,347 0 0 2
Soymeal
Turnover: 1,470,736 lots, or 52.40 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-14 3,819 3,825 3,792 3,800 3,815 3,808 -7 754 29,600
Jul-14 3,735 3,772 3,735 3,767 3,753 3,758 5 86 7,538
Aug-14 3,658 3,673 3,652 3,661 3,658 3,659 1 118 1,020
Sep-14 3,590 3,614 3,583 3,596 3,591 3,599 8 1,236,390 1,656,676
Nov-14 3,519 3,532 3,516 3,526 3,519 3,524 5 86 1,098
Dec-14 3,430 3,448 3,426 3,431 3,432 3,431 -1 72 1,250
Jan-15 3,360 3,378 3,355 3,369 3,368 3,367 -1 232,910 962,712
Mar-15 3,348 3,352 3,335 3,343 3,346 3,346 0 320 1,588
Palm Oil
Turnover: 340,340 lots, or 20.39 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-14 5,792 5,818 5,790 5,800 5,848 5,792 -56 94 16,384
Jun-14 – - – 5,938 5,938 5,938 0 0 14
Jul-14 – - – 6,012 6,012 6,012 0 0 0
Aug-14 5,976 5,976 5,954 5,954 5,968 5,966 -2 18 52
Sep-14 6,008 6,012 5,952 5,968 6,006 5,970 -36 283,684 412,720
Oct-14 – - – 6,010 6,010 6,010 0 0 2
Nov-14 – - – 5,946 5,980 5,946 -34 0 4
Dec-14 – - – 5,906 5,940 5,906 -34 0 10
Jan-15 6,110 6,120 6,070 6,080 6,112 6,090 -22 56,544 152,958
Feb-15 – - – 6,224 6,238 6,224 -14 0 0
Mar-15 – - – 6,154 6,178 6,154 -24 0 2
Apr-15 – - – 6,136 6,158 6,136 -22 0 12
Soybean oil
Turnover: 414,548 lots, or 28.21 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-14 6,560 6,560 6,554 6,554 6,642 6,556 -86 26 3,258
Jul-14 – - – 6,740 6,780 6,740 -40 0 8
Aug-14 – - – 6,760 6,774 6,760 -14 0 34
Sep-14 6,820 6,824 6,768 6,776 6,826 6,784 -42 352,110 574,332
Nov-14 – - – 6,876 6,882 6,876 -6 0 24
Dec-14 6,920 6,940 6,900 6,940 7,010 6,920 -90 10 10
Jan-15 6,932 6,948 6,896 6,910 6,950 6,914 -36 62,330 313,658
Mar-15 6,860 6,936 6,850 6,924 6,930 6,912 -18 72 12
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.
DJ CBOT Delivery Intentions: Totals – May 8
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May. 09, 2014 6 Apr 23, 2014
SOYBEAN OIL May May. 09, 2014 6 May 01, 2014
ROUGH RICE May May. 09, 2014 1 Apr 25, 2014
CORN May May. 09, 2014 16 Mar 05, 2014
KC HRW WHEAT May May. 09, 2014 23 Apr 24, 2014
SOYBEAN May May. 09, 2014 143 Apr 22, 2014
WHEAT May May. 09, 2014 129 May 05, 2014
DJ DJ SURVEY: USDA 2014-15 Wheat Production
CHICAGO–The following are analysts’ estimates in millions of bushels for 2014-15 U.S. wheat production, as compiled by Dow Jones Newswires. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon EDT on Friday.
Average Range
All Wheat 2,037 1,891-2,181
All Winter 1,454 1,312-1,591
Hard Red Winter 766 610-841
Soft Red Winter 466 409-569
White Winter 224 188-268
All Winter Hard-Red Soft-Red White
Wheat Wheat Winter Winter Winter
Agrivisor 2,027 1,437 790 427 220
Allendale Inc. 2,069 1,470 771 472 227
Citigroup 2,071 N/A N/A N/A N/A
Daniels Trading 2,055 1,475 775 475 225
Doane Advisory 1,967 N/A N/A N/A N/A
EDF Man Capital 2,060 1,490 825 430 235
Farm Futures 2,004 1,439 841 409 188
Futures Intl 2,182 1,591 817 569 205
Jefferies Bache 2,048 1,459 805 444 211
Macquarie 2,074 1,462 820 436 245
Newedge 2,009 1,435 805 415 215
Northstar 1,969 1,426 610 548 268
Rice Dairy 2,030 1,430 732 475 223
RJ O’Brien 2,058 1,452 808 440 205
Water Street 1,891 1,312 661 432 219
Zaner Ag Hedge 2,084 1,479 665 558 256
DJ DJ SURVEY: U.S. 2014 Corn, Soybean Production
CHICAGO–The following are analysts’ estimates in millions of bushels for 2014 corn and soybean production, as compiled by Dow Jones Newswires. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon EDT (1600 GMT) Friday.
U.S. Corn, Soybean Production Estimates
Average USDA
Estimate Range 2013
Corn 13,735.83 13,570-13,933 13,925
Soybeans 3,551.33 3,289-3,640 3,289
Corn Soybeans
Agrisource 13,675 3,575
Agrivisor 13,689 3,598
Allendale Inc. 13,702 3,637
Citigroup 13,797 3,563
Daniels Trading 13,796 3,564
Doane Advisory 13,807 3,635
Jefferies Bache 13,666 3,640
Macquarie 13,918 3,523
Rice Dairy 13,570 3,289
Risk Management 13,611 3,419
RJ O’Brien 13,666 3,558
Zaner Ag Hedge 13,933 3,615
DJ DJ SURVEY: USDA 2013-14 Brazil, Argentina Corn, Soybean Production
CHICAGO–The following are analysts’ estimates in millions of metric tons for Brazil and Argentina soybean and corn production in the 2013-14 marketing year, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its world supply and demand report at noon EDT on Friday.
Brazil, Argentina Corn, Soybean Production
(in million metric tons)
Brazil
Average Range USDA April
Corn 72.2 70.5-74.0 72.0
Soybeans 87.3 87.0-87.5 87.5
Argentina
Average Range USDA April
Corn 23.9 22.3-24.8 24.0
Soybeans 54.4 54.0-55.0 54.0
Brazil Production Argentina Production
Corn Soybeans Corn Soybeans
Daniels Trading 72.0 87.5 24.75 54.5
Doane Advisory 72.0 87.5 24.0 54.0
EDF Man Capital 74.0 87.5 24.0 54.0
Farm Futures 73.0 87.0 24.0 54.0
Futures Intl 72.0 87.0 24.0 54.5
Global Commods 70.5 87.4 22.3 54.5
Jefferies Bache 72.0 87.5 24.0 55.0
Newedge 73.0 87.5 24.0 54.5
Northstar 72.0 87.0 24.0 54.5
Water Street 72.0 87.5 24.0 54.0
Zaner Ag Hedge 72.0 87.0 24.0 54.5
DJ DJ SURVEY: May U.S. Grain, Soybean Stockpiles Estimates
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. grain and soybean ending stockpiles for both 2013-14 and 2014-15, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables at noon EST Friday.
U.S. Stockpiles Estimates For 2013-14 and 2014-15
(in millions of bushels)
U.S. 2013-14 Stockpiles
Average Range USDA April
Corn 1,316 1,231-1,435 1,331
Soybeans 132.2 125-146 135
Wheat 586.2 570-633 583
U.S. 2014-15 Stockpiles
Average Range
Corn 1,618 1,017-2,354
Soybeans 299.5 200-418
Wheat 540.2 425-619
U.S. 2013-14 Stockpiles U.S. 2014-15 Stockpiles
Corn Soybeans Wheat Corn Soybeans Wheat
Agrisource 1,306 130 580 1,610 345 N/A
Agrivisor 1,331 135 595 1,615 418 477
Allendale Inc. 1,291 129 579 1,788 341 537
Citigroup 1,313 134 583 1,675 285 617
Daniels Trading 1,325 135 588 1,771 295 564
Doane Advisory 1,306 125 583 1,739 325 545
EDF Man Capital 1,331 135 583 1,750 250 600
Farm Futures 1,246 135 600 1,295 235 525
Futures Intl 1,231 130 583 1,750 260 553
Global Commods 1,435 135 575 1,715 200 543
Jefferies Bache 1,331 125 583 1,542 350 544
Macquarie 1,429 139 570 2,354 323 619
Newedge 1,306 130 633 1,675 350 602
Northstar 1,300 129 583 1,436 325 425
Rice Dairy 1,331 135 583 1,346 260 542
Risk Management 1,332 125 N/A 1,017 218 N/A
RJ O’Brien 1,233 126 584 1,376 238 543
US Commodities 1,331 135 N/A 1,916 351 N/A
Water Street 1,295 146 588 1,303 225 444
Zaner Ag Hedge 1,316 130 578 1,679 395 504
DJ DJ SURVEY: May Global Grain, Soybean Stockpiles Estimates
CHICAGO–The following are analysts’ estimates in millions of metric tons for global grain and soybean ending stockpiles for both 2013-14 and 2014-15, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables at noon EST Friday.
World Stockpiles For 2013-14 and 2014-15
(in million metric tons)
World Stockpiles 2013-2014
Average Range USDA April
Corn 157.8 156.0-161.2 158.0
Soybeans 68.7 67.3-73.0 69.4
Wheat 185.7 181.9-187.3 186.7
World Stockpiles 2014-2015
Average Range
Corn 160.1 149.9-175.0
Soybeans 80.9 72.0-95.0
Wheat 183.7 178.0-191.0
World Stockpiles 2013-2014 World Stockpiles 2014-2015
Corn Soybeans Wheat Corn Soybeans Wheat
Agrivisor 158.50 73.00 187.00 165.00 87.00 188.50
Allendale Inc. 157.25 69.37 181.91 160.20 84.70 188.70
Daniels Trading 156.50 69.50 184.50 160.00 84.00 190.00
Doane Advisory N/A 69.00 187.00 N/A 84.00 179.00
EDF Man Capital 158.00 70.00 187.00 160.00 72.00 180.00
Farm Futures 161.20 67.30 185.80 149.90 74.50 186.90
Futures Intl 156.00 69.00 186.00 154.00 75.50 180.00
Global Commods 157.30 70.50 182.80 152.80 N/A 179.55
Jefferies Bache 158.00 69.00 186.00 163.10 95.00 191.00
Northstar 158.00 69.80 187.00 175.00 78.00 178.00
Water Street 157.20 69.10 186.23 N/A N/A N/A
Zaner Ag Hedge 157.67 69.78 187.30 161.36 74.43 179.68
DJ U.S. Export Sales: Weekly Sales Totals – May 8
For the week ended May 1, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The marketing year for wheat and barley began Jun 1, cotton and
and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and
soyoil Oct 1. Source: USDA
wk’s net chg total
in commitments commitments undlvd sales
this yr next yr this yr last yr this yr next yr
wheat 320.5 125.0 31592.6 26731.2 3793.9 3128.9
hrw 173.6 73.2 11947.8 10233.5 1261.8 914.2
srw 2.2 15.3 7522.7 5332.2 556.0 474.6
hrs 90.4 11.5 7078.6 6012.7 1259.7 1043.6
white 55.5 25.0 4508.7 4606.2 603.5 629.3
durum 1.3 0.0 535.0 546.7 113.0 67.1
corn 161.3 121.0 44169.2 16865.7 14907.6 2762.9
soybeans 40.8 14.2 44634.0 36482.7 2512.5 7790.6
soymeal 75.0 62.2 9129.6 8709.9 1367.1 1380.1
soyoil 7.7 0.0 591.7 832.7 41.6 0.0
upland cotton 63.8 150.6 9218.0 11869.9 1581.4 1688.1
pima cotton 3.1 1.9 655.8 825.2 100.6 14.8
sorghum 65.5 0.0 3905.6 1478.7 1279.7 290.0
barley 0.2 1.0 180.9 134.0 44.7 3.6
rice 33.1 0.5 2747.1 3052.7 448.0 89.8
WHEAT
General Comments: Wheat closed lower on profit taking and some demand concerns as dry weather continued in the Great Plains. Futures closed well off the highs as the US has about the only bad production conditions in the world right now and as other origins are offering at far cheaper prices. The USDA crop condition reports this week showed once again that Wheat is getting stressed. USDA should show less production in its estimates on Friday, especially for HRW. SRW conditions are much better, as are White conditions, and production for those crops should be good. Spring Wheat planting remains delayed, but soil moisture will be great once producers are able to work the fields. Longer range forecasts call for better planting weather to develop later next week. It remains very dry in western section of the Great Plains from Kansas to the south, and these areas comprise the bulk of the HRW crop. Forecasts also call for very warm temperatures to appear in the western Great Plains this week that could stress the crops trying to make it in the drought areas. There is a chance for light precipitation today, but not enough to really change things that much as the rain should be mostly to the east. Most northern hemisphere Wheat crops appear to be in good condition, with the area with the most problems located in the central and southern US Great Plains.
Overnight News: The southern Great Plains should see mostly dry weather, but some showers today in central and eastern areas. Temperatures should average above normal. Northern areas should get showers and storms off and on through the weekend. Temperatures should average near normal today, then near to below normal. The Canadian Prairies should get light precipitation today and again this weekend in southern areas. Temperatures will be near normal.
Chart Analysis: Trends in Chicago are up with objectives of 766 July. Support is at 724, 721, and 717 July, with resistance at 744, 752, and 761 July. Trends in Kansas City are up with objectives of 865 July. Support is at 828, 816, and 811 July, with resistance at 855, 857, and 864 July. Trends in Minneapolis are up with no objectives. Support is at 793, 782, and 779 July, and resistance is at 814, 823, and 827 July.
RICE
General Comments Futures closed a little lower after another quiet session. The market is waiting for some news to move in one direction of the other. It was a choppy session again and the trading range was very small. The weather is improving after the recent cold and wet conditions in the Delta, and producers are moving to get the Rice in the ground for the most part. Some are considering looking into the prevent plant option instead of planting in May and looking forward to reduced yields. Farmers are offering at higher prices, and bids are improving but finding little interest. New crop prices shown by mills are not that good for producers as they are covering the cost of production but little more in many instances. Domestic cash markets are quiet. Asian long grain prices are mostly steady.
Overnight News: Mostly dry early this week, showers and storms late in the week. Temperatures will average mostly above normal this week.
Chart Analysis: Trends are mixed. Support is at 1550, 1538, and 1534 July, with resistance at 1562, 1565, and 1570 July.
CORN AND OATS
General Comments: Both markets closed lower on reports from the Corn Belt of extremely active planting. Weather forecasts for planting in the Midwest continue to show good chances to get planting done. There will be some showers and storms today to interrupt progress, but the delay could be just a couple of days. Reports from the field indicate that many farmers can wrap up Corn planting this week and get started with Soybeans in the warmer and drier areas. Others might need another week to get most of the Corn planted. The Delta and Southeast should remain drier and planting should be very active as farmers try to beat the late week rains currently in the forecast. US producers will work hard to get as much of the crop planted by the middle of May as possible. However, planting beyond the middle of May might not be that detrimental this year as El Nino is expected to arrive by the middle of the Summer.
Overnight News: Brazil now estimates its Corn production at 75.2 million tons this year.
Chart Analysis: Trends in Corn are mixed. Support is at 510, 500, and 498 July, and resistance is at 519, 522, and 524 July. Trends in Oats are mixed. Support is at 352, 342, and 336 July, and resistance is at 361, 370, and 376 July.
SOYBEANS AND PRODUCTS
General Comments: Soybeans closed lower, with nearby months lower on more reports of imports coming to the US from South America, and deferred months lower as weather forecasts showed improvement for planting for this week. The improved weather will support more Corn planting and increasingly now Soybeans planting as producers in some areas get the Corn in the ground. The mood of the market is changing as spreads have became weaker on ideas that there will now be enough supply to meet the demand profile. The US needs some warmer and drier weather to get the Corn and Soybeans planted now, and the forecasts show drier weather is possible for a period this week. The only potential for big rains for the next week appears to be Thursday. It will also turn warmer and this will allow for better drying of soils and more rapid planting of both crops. Speculators overall remain very long Soybeans and Soybean Meal on ideas of tight supplies here in the Midwest, although they have been mostly in a liquidation mode this week.
Overnight News: Unknown Destinations bought 140,000 tons of new crop Soybeans. Brazil now estimates its Soybeans production at 86.6 million tons this year.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1442, 1429, and 1419 May, and resistance is at 1461, 1474, and 1482 May. Trends in Soybean Meal are mixed. Support is at 471.00, 467.00, and 462.00 July, and resistance is at 478.00, 484.00, and 489.00 July. Trends in Soybean Oil are down with objectives of 4035 July. Support is at 4060, 4010, and 3980 July, with resistance at 4120, 4160, and 4190 July.
CANOLA AND PALM OIL
General Comments: Canola was lower on the weaker price action in Chicago and big supplies. The country still has big supplies to move and this makes upside potential difficult. Cold weather is hurting planting progress and provided a reason to buy. There were reports of increased farm selling this week. Farmers remain frustrated by the logistical problems in Canada and Prairies farmers will plant less of all crops. Bad planting conditions are not helping progress. Trends are mixed on the charts. Commercials appear to be hand to mouth buyers as farmers have been more active with sales. Palm Oil was lower as traders got ready for the next round of MPOB and export data. The market is expecting price positive supply and demand data from MPOB on Friday, but price action in Chicago keeps trends mixed. Export demand was positive for the month and should help support prices this week. Ideas are that export data will continue strong in the short term as demand for Ramadan increases. The weather features showers in Malaysia and showers and storms in Indonesia.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 463.50, 460.50, and 453.00 July, with resistance at 475.00, 480.00, and 483.00 July. Trends in Palm Oil are mixed to down with no objectives. Support is at 2560. 2545, and 2510 July, with resistance at 2600, 2615, and 2640 July.
DAIRY
General Comments: Prices moved higher. Domestic demand has been mixed, and inventories are starting to build at butter and cheese processors. The warmer Midwest weather is helping the production of fluid ilk. Weaker international demand has been reported as China is out of the market for the short term. They are expected to return in a couple of months. European prices remain soft on strong production. Domestic and international dried dairy prices are also weak. Cheese is still the strongest market in the cash market, but Butter is the strongest market in futures. Australian production is trending seasonally lower. New Zealand production remains very strong on the South Island, but has weakened on the North Island due to dry weather there.
Overnight News:
Chart Analysis: Trends in Milk are mixed to up with objectives of 2245 June. Support is at 2100, 2080, and 2050 June, and resistance is at 2190, 2210, and 2240 June. Trends in Cheese are mixed to up with objectives of 212.00 June. Support is at 202.00, 200.00, and 197.50 June, with resistance at 205.00, 209.00, and 212.00 June. Trends in Butter are up with no objectives. Support is at 205.00, 200.00, and 197.00 June, and resistance is at 212.00, 215.00, and 218.00 June.
Daily Cash Nonfat Dry Milk Trading on Wednesday, May 7, 2014
(Carload Unit = 42,000-45,000 lbs)
——————————————————————
NONFAT DRY MILK : CLOSE : CHANGE
——————————————————————
GRADE A : $1.7800 : .0025
——————————————————————
SALES: 1 CAR GRADE A @ $1.7800
LAST BID UNFILLED: 1 CAR GRADE A @ $1.7800
LAST OFFER UNCOVERED: NONE
Close represents US $ per pound. Change is price change from previous close.
Information disseminated by USDA, Dairy Market News – Madison, WI
1109C (608) 278-4150
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/portal/da
Daily Cash Cheese Trading on Wednesday, May 7, 2014
(Carload Unit = 40,000-44,000 lbs.)
——————————————————————
CHEESE : CLOSE : CHANGE
——————————————————————
BARRELS : $2.0375 : N.C.
40# BLOCKS : $2.0425 : .0050
——————————————————————
SALES: 6 CARS 40# BLOCKS:
5 @ $2.0325, 1 @ $2.0425
LAST BID UNFILLED: 1 CAR 40# BLOCKS @ $2.0350
LAST OFFER UNCOVERED: NONE
Close represents US $ per pound. Change is price change from previous close.
Information disseminated by USDA, Dairy Market News – Madison, WI
1107C (608) 278-4150
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/portal/da
Daily Cash Butter Trading on Wednesday, May 7, 2014
(Carload Unit = 40,000-42,000 lbs)
——————————————————————
BUTTER : CLOSE : CHANGE
——————————————————————
GRADE AA : $2.1500 : N.C.
——————————————————————
SALES: NONE
LAST BID UNFILLED: NONE
LAST OFFER UNCOVERED: NONE
Close represents US $ per pound. Change is price change from previous close.
Information disseminated by USDA, Dairy Market News – Madison, WI
1119C (608) 278-4150
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/portal/da
Midwest Weather Forecast: Chances for showers and storms the rest of the week, then drier over the weekend. Temperatures will average near to above normal this week and near normal this weekend.
FOB Gulf Basis Levels-Cents per Bushel
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 60 May 150 July 61 May 74 July 50 July 50 July
June 58 July 140 July 40 July 70 July
July 58 July 40 July 65 July
All basis levels are positive unless noted as negative
Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
May Plus 70 July July
June minus 20 July minus 9 July plus 65 Sep August
July minus 20 July minus 12 July plus 65 Sep September
Canada, Malaysia, y Indonesia:
DJ ICE Canada Cash Grain Close – May 7
WINNIPEG–The following are the closing cash grain prices
from ICE Futures Canada.
Values are based on the commodity being delivered at
Thunder Bay, Ontario, unless otherwise noted. Source: ICE
Futures Canada
Price Change
CANOLA
*Par Region 448.22 dn 6.70
Basis: Thunder Bay
1 Can 490.60 up 1.70
2 Can 477.60 up 1.70
Basis: Vancouver
1 Can 510.60 up 1.70
2 Can 497.60 up 1.70
FEED WHEAT
Lethbridge 205.00 unchanged
Can Feed 245.00 unchanged
WESTERN BARLEY
Lethbridge 206.00 up 1.00
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca or
204-414-9084)
DJ Malaysian PM Cash Market Prices for Palm Oil – May 8
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton except for crude-palm oil and palm-kernel oil, which are in ringgit a ton. Palm-kernel oil prices are in ringgit a pikul–a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
May 835.00 -07.50 Unquoted – -
Jun 830.00 -05.00 Unquoted – -
Jul/Aug/Sep 810.00 -02.50 Unquoted – -
Oct/Nov/Dec 805.00 -02.50 Unquoted – -
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 837.50 -07.50 Unquoted – -
Jun 832.50 -05.00 Unquoted – -
Jul/Aug/Sep 812.50 -02.50 Unquoted – -
Oct/Nov/Dec 807.50 -02.50 Unquoted – -
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 820.00 00.00 Unquoted – -
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 795.00 00.00 Unquoted – -
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,640 -10.00 Unquoted – -
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 242.00 00.00 Unquoted – -
($1=MYR3.2345)
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Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.
The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2014