Latest Market News

Ag Futures Market News

December 18, 2018 | Global Ag News Highlights

USDA Agency Reports

Follow us on Twitter @TradeADMIS 

Grains are mixed. SF is up 2 cents and near 9.07. CH is unchanged and near 3.84. WH is down 2 cents and near 5.32. US Dollar is lower. Crude is lower. 

Chinese soybean meal advanced for the first time in three days as President Xi Jinping said the nationwould stick to its policy agenda, despite pressure from outside the country to allow more competition, potentially damping hopes of significant reforms to resolve the trade conflict with the U.S.

 For the week so far wheat prices are up 2 1/4 in SRW, up 1/2 in HRW, down 1 1/2 in HRS; Corn is down 1/2; Soybeans up 6 1/2; Soymeal up $0.20; Soyoil down 0.14. For the month to date wheat prices are up 16 3/4 in SRW, up 18 1/2 in HRW, up 6 3/4 in HRS; Corn is up 6 1/2; Soybeans up 12 3/4; Soymeal up $0.04; Soyoil up 0.32. 

The Trump administration said Monday it has approved a second round of payments in its bailout program for farmers hurt by the ongoing trade war with China. The Agriculture Department announced it will spend billions more through 2019 on direct cash aid to producers of soybeans, cotton, corn and several other commodities. 

NOPA Crush showed November crush was 166.959 million bushels of soybeans and above the 163.546 million bushels crushed in November 2017. It was the largest November crush on record. November soyoil yield was higher than expected. 

Funds were net buyers of 4,000 soybeans, 2,000 soymeal and 3,000 wheat and sold 3,000 soyoil and 3,000 corn on Monday. Funds are est to be net short 13,000 soybeans, 52,000 soyoil, short 7,000 soymeal, long 99,000 corn and short 23,000 wheat.

Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The risk of loss in trading futures and options can be substantial. Past results are not indicative of future results or performance. The views and opinions expressed in this letter are those of the author and do not reflect the views of ADM Investor Services, Inc. or its staff. Research analyst does not currently maintain positions in the commodities specified within this report. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.