Markets were weaker to start the Sunday evening session, and that negative trading pattern persisted throughout today. As another analyst wrote, the market is starving for news of any kind. China talk continues to dominate the markets’ attitude and direction. There was more chatter over t...
There have been changes to the 2018/19 corn balance sheet since our first look at the potential supply/demand outlook on 18 January. USDA reduced the export and ethanol forecasts by 75 million bushels and 25 million bushels, respectively, in the March WASDE. The result was a 100 million bushel...
Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...
May 19 Corn closed at $3.715/bushel, down $0.0175 from yesterday's close. May 19 Wheat closed at $4.5675/bushel, down $0.055 from yesterday's close. May 19 Soybeans closed at $9.0575/bushel, down $0.035 from yesterday's close. May 19 Soymeal closed at $309.8/short ton, down $1...
There have been changes to the 2018/19 corn balance sheet since our first look at the potential supply/demand outlook on 18 January. USDA reduced the export and ethanol forecasts by 75 million bushels and 25 million bushels, respectively, in the March WASDE. The result was a 100 million bushel...
Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...
May 19 Corn closed at $3.715/bushel, down $0.0175 from yesterday's close. May 19 Wheat closed at $4.5675/bushel, down $0.055 from yesterday's close. May 19 Soybeans closed at $9.0575/bushel, down $0.035 from yesterday's close. May 19 Soymeal closed at $309.8/short ton, down $1...
Even though the EU-U.S. trade agreement talks are not moving apace, largely because of the EU reluctance to include agriculture versus U.S. insistence that it must be on the table, there does seem to be movement on beef exports. The parties have reached an “agreement in principle” t...
Drowning Transatlantic At 8.4 kilometers (5.2 miles) deep, the Puerto Rico Trench is the deepest point in the North Atlantic Ocean. Transatlantic relations may be headed for an even deeper depression. The European Parliament voted against endorsing the trade mandate sought by Brussels for talks...
Even though the EU-U.S. trade agreement talks are not moving apace, largely because of the EU reluctance to include agriculture versus U.S. insistence that it must be on the table, there does seem to be movement on beef exports. The parties have reached an “agreement in principle” t...
Milling Wheat The Black Sea market has reversed the downward trend it had been following since January. The buyers/consumers have certainly appreciated the $20 collapse, and they don’t want to miss the opportunity to lock in the current prices. Russia’s exports have reached 30 MMT,...
The EPA announced yesterday that it had granted five additional small refinery exemptions (SREs) for 2017, reducing the number of pending petitions in the queue for that year as of 1 March from seven to two. This brings the total number of exemptions to 9.4 percent of the 19.28 billion gallons...
Against the Grain Demographics are destiny, and with 60 percent of the world’s population and some of its fastest-growing economies, this is supposed to be the Asian Century. That is the theme of the book “The Future is Asian” by Singaporean geopolitical consultant Parag Khann...
May 19 Corn closed at $3.7325/bushel, up $0.03 from yesterday's close. May 19 Wheat closed at $4.6225/bushel, up $0.095 from yesterday's close. May 19 Soybeans closed at $9.0925/bushel, up $0.1075 from yesterday's close. May 19 Soymeal closed at $310.8/short ton, up $4.9 from...
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