June, 2009

July soybeans closed at $12.26 ¼, up 11 ¼ cents, November soybeans at $9.81, down 2 ½ cents.

EU wheat futures closed sharply lower Tuesday after the USDA released an almost unbelievable set of bearish planting data, sending US futures crashing lower.

Beans closed mixed with July at $12.15, up 14 cents and November at $9.83 ½, down 7 ½ cents.

EU wheat futures closed higher Monday, despite the impending wheat harvest. With futures having fallen 20% or more since the start of the month a technical correction was well overdue.

July soybeans closed at $12.01, up 5 cents November soybeans ended at $9.91, down 11 cents, further widening the old crop/new crop spread.

EU wheat futures closed the week relatively flat Friday, with Paris November milling wheat ending unchanged at EUR141.50/tonne, and London November feed wheat closing GBP1 higher at GBP113.75/tonne.

July soybeans closed at $11.96, up 11 cents, and November soybeans ended at $10.02, down 6 cents. The bullish old-crop, bearish new-crop story continues.

EU wheat futures closed with little change Thursday, Paris November milling wheat ending down EUR0.50 at EUR141.50/tonne, and London November feed wheat closing flat at GBP112.75/tonne.

July soybeans closed at $11.85, up 6 cents. November beans finished at $10.08, up 3 ½ cents. Why new-crop beans have rallied this last two days is totally beyond me.

EU wheat futures continued to drift lower Wednesday with November Paris milling wheat ending down EUR1.25, at EUR142.00/tonne, and London November feed wheat closing down GBP2.00 at GBP112.50/tonne.

July soybeans closed at $11.79, up 27 ½ cents, and November soybeans at $10.04 ½, up 23 ½ cents.

EU wheat futures closed flat Tuesday, as prices arrested the very steep declines seen already during June.

July soybeans closed at $11.51 ½, down 27 ½ cents. A much drier forecast for the week ahead will help get the remainder of this outstanding soybean crop planted.

EU wheat futures closed lower yet again Monday with Paris November milling wheat futures ending down EUR3.00 at EUR142.25/tonne, and London November feed wheat finishing down GBP2.75 at GBP114.50/tonn

July soybeans closed at $11.79 Friday, down 34 ¾ cents, finishing the week 67 cents lower than last week. November beans finished at $10.06, down 37 ½ cents.

EU wheat ended a quiet day Friday modestly lower with November Paris milling wheat down EUR0.25 at EUR145.25/tonne, and London November feed wheat 25 pence lower at GBP117.25/tonne.

July soybeans closed at $12.13 ¾, up 7 ½ cents, November soybeans finished at $10.43 ½, down 6 ½ cents. It remains a bullish old crop/bearish new crop story it seems.

EU wheat futures closed with little change Thursday, having dropped very sharply since the beginning of the month maybe a bottom is in sight?

July soybeans closed at $12.06 ¼, up 5 cents, November beans ended at $10.50, up 21 ½ cents.

EU wheat futures continued their downwards spiral Wednesday with Paris November milling wheat ending down EUR0.25 at EUR145.25/tonne and November London feed wheat closing down GBP0.50 at GBP117.50/to

July soybeans closed at $12.01 ¼, up 4 ¼ cents, and November soybeans at $10.28 ½, up 3 ¾ cents.

London wheat futures closed higher for the first session in the last eight Tuesday in a correction from the sharp drop witnessed over the last couple of weeks.

CBOT grains crashed lower Monday under the heavy influence of weaker crude oil, metals and equities and a firmer US dollar.

Soybeans

EU wheat futures continued their sharp corrective slide unabated Monday with Paris November milling wheat ending down EUR1.75 at EUR146.00/tonne, and London November feed wheat closing down GBP1.25 at

With the harvest underway in the south of the country, analysts are forecasting this season's Spanish grain harvest to be "at least" a third lower than last season's bumper 23.2 MMT.

July soybeans closed at $12.45 ¾, down 21 ¼ cents, November soybeans at $10.77 ½, down 12 ¼ cents.

EU wheat futures closed sharply lower again Friday, with Paris November milling wheat ending down EUR3.75 at EUR147.75/tonne, and London November feed wheat closing down GBP2.85 at GBP118.75/tonne.