Key Commodity Report Weekly

Transcription

1 Key Commodity Report Weekly CME Group Corn Soybean Soy Meal Soybean Oil Rough Rice Wheat Cheddar Barrel Cheddar Block Milk Class III Butter AA Source: CME Group USDA Weekly Prices Live Cattle Course Ground Beef Live Hog Pork Bellies Chicken Breast Jumbo MW Crude Peanut Oil Palm Oil Eggs Large MW Source: USDA NYMEX Futures & Retail Crude Oil Heating Oil No.2 Spot On Highway Diesel On Highway Gasoline Natural Gas Source: New York Mercantile Exchange Federal Reserve *Euro *British Pound *Australian Dollar Canadian Dollar Chinese Yuan Swiss Frank Source: Federal Reserve Bank of New York ICE Futures Sugar 16 Orange Juice Coffee 6/4/2018 This 5/28/2018 Week Source: Intercontinental Exchange Last Week YTD Avg Last Year vs. Last Week % -0.62% % 5.94% % 19.68% % -2.97% % -1.24% % 17.09% % 7.22% % -2.88% % -5.90% % -4.11% % % % % % % % % % % % -2.53% % -7.81% % 24.47% % 40.34% % 59.43% % 28.12% % 21.79% % -3.74% % 4.59% % 4.00% % 1.42% % -3.90% % -5.88% % 1.95% % -8.12% % 20.15% % -7.35% Commodity Activity - Weekly Average vs. Last Year Soybean Oil & Crude Oil Relationship Crude Oil U.S. Currency Index Soybean Oil Crude Oil - Average Weekly Price - NYMEX , 2018 Corn Last Year YTD Avg Last Week This Week Cheddar Block Last Year YTD Avg Last Week This Week Coffee Last Year YTD Avg Last Week This Week Market Commentary Commentary: Last week was a good week if you wanted to cover your grain needs as the futures market for corn, the soybean complex, wheat, rice, and etc. all declined. Traders were liquidating their short positions and as a result, the market went down. The root cause of this is that most of the planting is done for this crop year and enough moisture and good temperatures have helped the crops emerge. Corn, as of right now, is rated at 80% good to excellent, and soybeans 75%. The traders reacted to this news providing end-users a golden buying opportunity. Weather is now and will remain the most important driver as it usually is this time of year. Soybean oil does not necessarily move down based on the direction of meal or beans. In fact it can react much differently but traders have reduced their net short positions for soybean oil, but also crude oil has come down too, and the two are related from an energy standpoint. Also, crushers are reportedly crushing beans - for meal - at a record pace which is filling up the soybean oil tanks which helps, not only the futures for soybean oil, but also the cash value. Watch out for Canola! The good news is the crop is in the ground for Canola, but China has been importing record amounts of Canola and do not show any signs of slowing their demand. This means higher cash values here for Canola as supplies will get tighter and tighter as the summer progresses. Palm oil moved down along with soybean oil, but also adding weight to the palm market is the Indian import tariffs that have failed to materialize. * Used as the indexing unit of measure for this exchange rate Commodity Information: Commodity information found in this report is publically available. It can be found from numerous sources, all of which are noted. This report is for general informational purposes only. You should not rely upon the material or information in this report as a basis to make any hedging or buying decisions. Sysco makes no representations or warranties of any kind, express or implied, about the completeness, reliability, suitability, accuracy, or availability of the information contained in this report for any purpose and any reliance placed upon this information is done strictly at your own risk. Please note that rounding can affect the percent of change values.* U.S. Currency Index compares the U.S. Dollar

2 Term USDA Chicago Board of Trade (CBOT) CME Group Basis Board Bull Bear Short Long Front Month Back months Futures Contract Definition United States Department of Agriculture Trading platform where many commodities are bought & sold. Now known as the CME Group. Chicago Mercantile Exchange and CBOT mergedto create the CME Group. The largest trading platform globally. A premium or discount to the futures market Current futures price. A trader who thinks the market will trend higher A trader who thinks the market will trend lower A term used to identify selling a commodity or derivative A term used to identify buyin a commodity or derivative Current futures trading month Any trading month beyond the front month A legally binding agreement to buy or sell a commodity or financial instrument at a later date pursuant to the Rules of the Exchange Forward Contract Carryover Correction Retracement CWT Backwardation Long Short WASDE Report Metric Tonne Renewable Fuel Standard (RFS) bpa A private, cash-market agreement between a buyer and seller for the future delivery of a commodity at an agreed price. In contrast to futures contracts, forward contracts are not standardized and not transferable. Last year's ending stocks of a storable commodity When the market makes a full about face moving by 10% or greater When the market makes an about face, but not as strong as a correction Centum Weight or 100 weight A term used mostly in energy trading referring to inverted futures where prices currently are higher than in deffered months. Refers to buying Refers to selling Refers to the USDA World Agricutural Supply & Demand Estimates 2,204 pounds Congress created the renewable fuel standard (RFS) program to reduce greenhouse gas emissions and expand the nation s renewable fuels sector while reducing reliance on imported oil. This program was authorized under the Energy Policy Act of 2005 and expanded under the Energy Independence and Security Act of bushels per acre

3 Corn - CBOT Weekly Futures Price 440 Corn - CBOT Average Weekly Price - Dollars / Bushel stromberg.paul@corp.sysco.com 3

4 Soybeans - CBOT Weekly Average Price - Dollars / Bushel Soybeans - CBOT Average Weekly Price Dollars / Bushel stromberg.paul@corp.sysco.com 4

5 Soybean Meal - CBOT Weekly Average Price - Dollars / US Ton Soybean Meal - CBOT Average Weekly Price Dollars / U.S. (short ton) stromberg.paul@corp.sysco.com 5

6 Soybean Oil - CBOT Weekly Average Price - Cents / Pound Soybean Oil - CBOT Average Weekly Price - Cents / Pound stromberg.paul@corp.sysco.com 6

7 Wheat - CBOT Weekly Average Price - Dollars / Bushel 650 Wheat - CBOT Average Weekly Price - Dollars / Bushel stromberg.paul@corp.sysco.com 7

8 Barrel Cheddar - CME Average Weekly Price / Pound 2 Barrel Cheddar - CME Average Weekly Dollars per Pound stromberg.paul@corp.sysco.com 8

9 40 LB Block Cheddar - CME Average Weekly Price / Pound 2.1 Block Cheddar 40 #- CME Average Weekly Dollars per Pound stromberg.paul@corp.sysco.com 9

10 Milk Class III - CME Average Weekly Price CWT 20 Milk Class III- CME Average Weekly Price cwt stromberg.paul@corp.sysco.com 10

11 Butter AA - CME Average Weekly Price lb 3.5 Butter AA- CME Average Weekly Price lb stromberg.paul@corp.sysco.com 11

12 Live Cattle - Average Weekly Price USDA - 6 State Average Live Cattle - Average Weekly Price stromberg.paul@corp.sysco.com 12

13 USDA Coarse ground 81% Steer & Heifer Source USDA Coarse ground 81% Steer & Heifer Source

14 USDA Live Hogs - Average Weekly Price Live Hogs - Average Weekly Price - Iowa/Minnesota stromberg.paul@corp.sysco.com 14

15 USDA PM Belly, Derind 9-13# FOB Plant USDA PM Belly, Derind 9-13# FOB Plant

16 Chicken - Midwest Jumbo Boneless/Skinless Tender Out Midwest Jumbo Boneless/Skinless Breasts Tender Out stromberg.paul@corp.sysco.com 16

17 Shell Eggs - White Large, Midwest Shell Eggs - White Large, Midwest stromberg.paul@corp.sysco.com 17

18 USDA Weekly Price - Crude Peanut Oil 90 USDA Weekly Price - Crude Peanut Oil stromberg.paul@corp.sysco.com 18

19 Weekly Price - Cash Palm Oil Weekly Price - Cash Palm Oil stromberg.paul@corp.sysco.com 19

20 Crude Oil - Average Weekly Price - NYMEX Crude Oil - Average Weekly Price - NYMEX stromberg.paul@corp.sysco.com 20

21 Heating Oil - Average Weekly Spot Price - NY Harbour Heating Oil - Average Weekly Spot Price - NY Harbour stromberg.paul@corp.sysco.com 21

22 Diesel - Average Weekly Highway Price Diesel - Average Weekly Highway Price stromberg.paul@corp.sysco.com 22

23 Gasoline Unleaded - Average Weekly Highway Price Gasoline - Average Weekly Highway Price stromberg.paul@corp.sysco.com 23

24 Natural Gas Futures - New York Mercantile Exchange Natural Gas Futures - New York Mercantile Exchange stromberg.paul@corp.sysco.com 24

25 Sugar #16 - New York Board of Trade (ICE) Sugar #16 - New York Board of Trade (ICE) stromberg.paul@corp.sysco.com 25

26 Orange Juice - (OJ) NYBOT ICE Weekly Price - Dollars per CWT Orange Juice - (OJ) ICE Average Weekly Price stromberg.paul@corp.sysco.com 26

27 Coffee - (KC) NYBOT Average Weekly Price - Dollars per Pound Coffee - (KC) NYBOT Average Weekly Price Dollars / Pound stromberg.paul@corp.sysco.com 27

28 Foreign Exchange Rate - Euro, EMU Members 1.24 Foreign Exchange Rate - Euro, EMU Members Federal Reserve Bank of New York #REF! stromberg.paul@corp.sysco.com 28

29 Foreign Exchange Rate - Canadian Dollar 1.45 Foreign Exchange Rate - Canadian Dollar Federal Reserve Bank of New York stromberg.paul@corp.sysco.com 29

30 Foreign Exchange Rate - Australian Dollar 0.85 Foreign Exchange Rate - Australian Dollar Federal Reserve Bank of New York stromberg.paul@corp.sysco.com 30