Browsing All Posts filed under »Commodity Spotlight«

May Wheat Expires With Mostly Uniform Convergence to Spot

May 15, 2014

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Unlike soybeans, of which cash basis can vary widely at expiration, wheat futures have for the most part converged to the spot at expiration. However, May futures show a nearly textbook convergence to spot at expiration in Toledo while cash prices in the Gulf remain well outside of the ¢0.10 threshold. Advertisements

Soybean Basis at Expiration Continues To Rise in 2014

May 15, 2014

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May soybean futures expired yesterday and the mean average cash basis at expiration at select locations rose to ¢0.23 from ¢0.13 cents when the March contract expired. This marks the second straight contract expiration where basis increased. Much of the increase is due to none of the 13 sample locations having at negative basis at expiration. Only 4 of […]

Cash Basis At Expiration of January Soybean Futures

January 14, 2014

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The January soybean contract expired today. Of the 13 sites listed, the soybeans futures contract came within ¢0.10 of only 4 of them. The export terminal in the gulf had the highest cash basis at ¢0.98. The export terminals in the gulf are only about 38 percent full, which is likely contributing to the large basis.  A […]

Afternoon Commodities Report from Allendale for September 27, 2012

September 27, 2012

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Closing prices (per bushel unless otherwise stated) Contract Commodity Last Change Dec 2012 Corn $7.1675 -0.0800 Dec 2012 Wheat $8.5525 -0.1400 Nov 2012 Soybeans $15.7025 -0.0275 Oct 2012 Soybean Oil (Metric Ton) $52.1900 +0.5400 Oct 2012 Soybean Meal (Metric Ton) $475.5000 -2.3000 AM Commodities Report Recent Blog Posts At The Mays Report Weather Outlook for […]

Morning Commodities Report from Allendale for September 27, 2012

September 27, 2012

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Early trading prices (per bushel unless otherwise stated) Contract Commodity Last Change Dec 2012 Corn $7.1700 -0.0775 Dec 2012 Wheat $8.6850 -0.0075 Nov 2012 Soybeans $15.6575 -0.0725 Oct 2012 Soybean Oil (Metric Ton) $51.9000 +0.2500 Oct 2012 Soybean Meal (Metric Ton) $479.7000 -3.6000 AM Commodities Report Recent Blog Posts At The Mays Report Weather Outlook […]

Afternoon Commodities Report from Allendale for September 26, 2012

September 26, 2012

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Closing prices (per bushel unless otherwise stated) Contract Commodity Last Change Dec 2012 Corn $7.2475 0.0000 Dec 2012 Wheat $8.7000 +0.0075 Nov 2012 Soybeans $15.7325 -0.3825 Oct 2012 Soybean Oil (Metric Ton) $51.6700 -1.4200 Oct 2012 Soybean Meal (Metric Ton) $475.5000 -9.7000 AM Commodities Report Recent Blog Posts At The Mays Report Weather Outlook for […]

Soybeans Below $16! – Morning Commodities Report from Allendale for September 26, 2012

September 26, 2012

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Early trading prices (per bushel unless otherwise stated) Contract Commodity Last Change Dec 2012 Corn $7.3225 -0.1125 Dec 2012 Wheat $8.7700 -0.0975 Nov 2012 Soybeans $15.8925 -0.2275 Oct 2012 Soybean Oil (Metric Ton) $52.2400 -0.8500 Oct 2012 Soybean Meal (Metric Ton) $479.7000 -5.5000 AM Commodities Report Recent Blog Posts At The Mays Report Weather Outlook […]