It was a somewhat volatile open but there was one certainty – wheat was going down. Joined by soyoil. Lower wheat weighed on corn, which hung on for a small gain. The story remains one of better weather and not much else to talk about, except shipments of grain out of Ukraine are occurrin...
Dec 22 Corn closed at $6.12/bushel, up $0.0175 from yesterday's close. Dec 22 Wheat closed at $7.805/bushel, down $0.2225 from yesterday's close. Nov 22 Soybeans closed at $13.9/bushel, up $0.09 from yesterday's close. Dec 22 Soymeal closed at $400.6/short ton, up $4.5 from ye...
Livestock Rising Feed Costs and Hot Temperatures Force Some to Sell Hogs Here in August average feedstuff prices have continued to climb as a result of higher soybean prices and the loss of corn supplies from Ukraine. Since the start of July, the average producer’s price for soymeal has c...
The consultancy Sovecon this week increased its estimate of the Russian wheat crop to 94.7 MMT. That is 7.6 percent more than USDA's guess at 88 MMT and if realized, it would be nearly 20 MMT larger than Russia’s 2021/22 wheat crop. An astounding level of increase. By contrast, the consul...
Dec 22 Corn closed at $6.12/bushel, up $0.0175 from yesterday's close. Dec 22 Wheat closed at $7.805/bushel, down $0.2225 from yesterday's close. Nov 22 Soybeans closed at $13.9/bushel, up $0.09 from yesterday's close. Dec 22 Soymeal closed at $400.6/short ton, up $4.5 from ye...
Livestock Rising Feed Costs and Hot Temperatures Force Some to Sell Hogs Here in August average feedstuff prices have continued to climb as a result of higher soybean prices and the loss of corn supplies from Ukraine. Since the start of July, the average producer’s price for soymeal has c...
The consultancy Sovecon this week increased its estimate of the Russian wheat crop to 94.7 MMT. That is 7.6 percent more than USDA's guess at 88 MMT and if realized, it would be nearly 20 MMT larger than Russia’s 2021/22 wheat crop. An astounding level of increase. By contrast, the consul...
Russian Grain Markets: 8-12 August 2022 The harvest in Russia continues. Some areas in the south are entering the final stage and producing a record crop. Rostov on Don area, the wheat belt of Russia, is boasting a 14.5 MMT crop from 3.35 Mha of which 2.9 Mha was winter wheat. This is a record...
Western sanctions have bolstered interest by China and Russia in creating a third reserve currency to challenge the dollar and the euro. There is discussions of creating a BRICS (Brazil, Russia, India, China, South Africa) based basket currency similar to the IMF’s SDR’s. After all,...
Russian Grain Markets: 8-12 August 2022 The harvest in Russia continues. Some areas in the south are entering the final stage and producing a record crop. Rostov on Don area, the wheat belt of Russia, is boasting a 14.5 MMT crop from 3.35 Mha of which 2.9 Mha was winter wheat. This is a record...
Yesterday’s steep losses in the futures market was followed by a lower close overnight that fed today’s narrative for yet still more declines in the grain and oilseeds market. There was a brief showing of green in the wheat market about an hour into the session, but it wasn’t...
Washington made a famous “pivot to Asia” in 2012 under the Obama Administration. The rise of China and a realization that 60 percent of the world’s population was not in the Europe/Middle East but in Asia. Vladimir Putin has reminded the U.S. capital that Europe remains at ris...
One of the significant impacts of the COVID pandemic was its effect on the balance of food demand between retail grocery and food service. This was particularly seen in certain categories in 2020, such as dairy, meat and poultry, seafood, and some produce. Some was made up with renewed retail d...
Dec 22 Corn closed at $6.1025/bushel, down $0.18 from yesterday's close. Sep 22 Wheat closed at $7.86/bushel, down $0.1475 from yesterday's close. Nov 22 Soybeans closed at $13.81/bushel, down $0.3125 from yesterday's close. Dec 22 Soymeal closed at $396.1/short ton, down $9 f...
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