Skip to main content
Market Signals Weekly Update Posted on 08-01-2022

Market Signals Weekly Report

The following are comments and discussion items from the weekly conference call of the Market Signals Team.

Discussion Items:

  • Corn, soybean wheat futures dropped on concern about China demand, US and China relations and one cargo of Ukraine corn shipped.
  • Last week, September corn futures rallied from $5.66 to $6.32 on a US Midwest warm and dry forecast only to drop on demand worries.
  • Trade estimate US 2021/22 corn carryout near 1,545 versus USDA 1,510 and 2022/23 near 1,655 vs USDA 1,470.
  • Last week, September soybean futures traded from $13.56  to $15.16 on warm and dry forecast only to drop on China demand concerns.
  • Trade estimate US 2021/22 soybean carryout near 235 versus USDA 215 and 2022/23 275 vs USDA 230.
  • Last week, September Chicago wheat futures rallied from $7.60 to $8.45 before dropping to $8.00. Talk of Ukraine exports weighed on prices.
  • US corn crop was rated 60 pct G/E , soybeans 58 pct G/E and spring wheat 67 pct G/E.. US WW harvest is est near 84 pct.

Performance Charts

Now you can review the price and performance history of the Market Signals group back to 2011.
Click Unsold pieces to reveal Recommendations, when applicable.

All price recommendations below are futures price references (not cash equivalents).


2022-crop

(December 2022 Futures)
08-01-2022 Board Settle Price: $6.0975

2023-crop

(December 2023 Futures)
08-01-2022 Board Settle Price: $5.7800

2022-crop

(November 2022 Futures)
08-01-2022 Board Settle Price: $14.0600

2023-crop

(November 2023 Futures)
08-01-2022 Board Settle Price: $13.1400

Chicago Wheat 2022-crop

(September 2022 Futures)
08-01-2022 Board Settle Price: $8.0025

Chicago Wheat 2023-crop

(July 2023 Futures)
08-01-2022 Board Settle Price: $8.4250

KC Wheat 2022-crop

(September 2022 Futures)
08-01-2022 Board Settle Price: $8.6650

KC Wheat 2023-crop

(July 2023 Futures)
08-01-2022 Board Settle Price: $8.6950

MPLS Wheat 2022-crop

(December 2022 Futures)
08-01-2022 Board Settle Price: $9.1025

MPLS Wheat 2023-crop

(December 2023 Futures)
08-01-2022 Board Settle Price: $9.1025

ADM is providing this communication for informational purposes, and it is not a solicitation or offer to purchase or sell commodities. The sources for the information in this communication are believed to be reliable, but ADM does not warrant the accuracy of the information. The information in this communication is subject to change without notice. If applicable, any information and/or recommendations in this communication do not take into account any particular individual's or company's objectives or needs, which should be considered before engaging in any commodity transactions based on these recommendations. ADM or its affiliates may hold or take positions for their own accounts that are different from the positions recommended in this communication.