Wheat:
- Nearby futures YTD: SRW -1.2%, HRW +0.9%, HRS -6.8%
- Overnight prices: SRW -7 1/4, HRW -9 1/4, HRS -6 1/4
- Week-to-date prices: SRW -6 3/4, HRW -18 1/4, HRS -20 1/2
- Month-to-date prices: SRW -59 1/4, HRW -63, HRS -67 1/4
- Funds net buyers of 8,000 SRW contracts
Corn:
- Nearby futures YTD: -4.1%
- Overnight price: +3
- Week-to-date price: +3 1/4
- Month-to-date price: +6 1/4
- Funds net sellers of 1,500 contracts
- Basis bids up 8 cents in Decatur, IL and 3 cents in Cedar Rapids, IA
Soybeans:
- Nearby futures YTD: -8.4%
- Overnight price: +6
- Week-to-date price: +5
- Month-to-date price: -21
- Funds net buyers of 4,000 contracts
- Basis bid up 5 cents in Decatur, IL
Soy Products:
- Soymeal futures YTD: -6.7%
- Soyoil futures YTD: -7.9%
- Overnight soymeal: +$0.80
- Overnight soyoil: +0.43
- Week-to-date soymeal: -$0.60
- Week-to-date soyoil: +0.42
- Month-to-date soymeal: -$4.60
- Month-to-date soyoil: -1.42
- Funds net sellers of 3,500 soymeal contracts
- Funds net buyers of 1,000 soyoil contracts
Tenders & Purchases:
- China buys 104,000 tons of U.S. soybeans for 2023/24
- Egypt buys 400,000 tons wheat (100k Bulgaria, 180k Romania, 120k Ukraine)
- South Korea buys 50,000 tons of U.S. milling wheat
- Jordan buys 60,000 tons of milling wheat
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