May, 2009

July soybeans closed at $11.85, up 5 cents; November soybeans closed at $10.62 1/2, up 9 1/2 cents. That narrowed the July/November spread another 4 1/2 cents.

EU wheat futures closed slightly lower Friday with November London feed wheat down GBP0.50 at GBP131/tonne, and November Paris milling wheat down EUR0.25 at EUR161.50/tonne.

WTI crude oil closed at $65.08/barrel Thursday, it's highest settlement since Nov 5th, after earlier hitting an intra-day high of $65.44/barrel.

July soybeans closed at $11.79, down 8 cents, and November soybeans closed at $10.53, up 3 cents further narrowing the old crop/new crop spread.

EU wheat futures closed higher Thursday as global wheat crops for the coming season continue to shrink.

July soybeans closed at $11.87, up 1 ½ cents, after earlier hitting an eight month high of $12.00 ¾. November soybeans closed at $10.50, up 7 ½ cents.

EU wheat futures closed mostly higher Wednesday despite a weak dollar having a potentially negative impact on the competitiveness of EU cereals on the export market.

July soybeans closed at $11.85 ½, up 19 ½ cents November Soybeans at $10.42 ½, up 11 cents.

EU wheat futures closed lower Tuesday on consolidation from recent rallies.

Farmers in Castilla-Leon, the northern region of Spain that normally accounts for around half of the nation's wheat production, will harvest 45% less wheat than in 2008 according to the regional g

July CBOT wheat closed at a four month high of $6.12 ½, up 19 cents. Fund money seems to be coming back into commodities, and outside markets were firmer, which helped wheat.

EU wheat futures closed higher Friday following US markets higher and also paying heed to sharply lower production prospects out of Eastern Europe.

Time is running out for US farmers to get their spring wheat plantings done.

Eastern European wheat crops have been badly affected by drought and reduced inputs for 2009:

July corn closed at $4.24, down 2 cents. Corn fell from a seven month high hit Wednesday pressured by lower crude oil and falling stock markets.

EU wheat closed mostly lower Thursday, tracking Chicago wheat and crude oil and equities.

July soybeans closed at $11.69, up 7 cents, whilst November soybeans finished at $10.14 1/2, up 18 1/2 cents.

EU wheat futures closed higher Tuesday with November Paris milling wheat ending up EUR0.25 at EUR156.25/tonne, and July London feed wheat closing up GBP2.50 at GBP122.00/tonne.

EU wheat closed higher Tuesday with November Paris milling wheat ending up EUR1.50, or 1%, at EUR156.00/tonne, and November London feed wheat closing up GBP1.00 at GBP129.00/tonne.