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Supply and demand does not dictate the prices for grains such as corn, wheat and wheat.
Aside from the soybeans and soybean meal markets, rice also declined slightly last week.
The USDA released the September 1st Quarterly Grain Stocks and the annual Small Grains Summary report.
Despite heavy rains in various parts of the United States, the frozen concentrated orange juice market experienced an increase last Friday.
The market remains concerned about the US and international growing weather.
Weekly news in the agriculture market: World rice production was increased to 483.66 million tons and world ending stocks for the coming year were increased to 122.52...
The Robusta market is relatively strong compared to Arabica.
FCOJ closed lower last week, but still, could be trying to find a short term bottom.
The weekly charts still show overall downtrends, but daily charts are showing the potential for a short-term rally from current levels.
US wheat prices will probably move to the higher end of the world price range.