The CBOT was mostly higher on Tuesday with traders increasingly preparing and positioning for the coming acreage and Grain Stocks reports. The soy complex was the upside leader for the day with turnaround in soymeal and soybeans gaining steam and attracting more technical buying interest. There...
The U.S. is a major meat producer and exporters, and global demand has been growing. At the same time, competition has been growing and U.S. market share has been declining, though less for poultry than for beef. Brazil is a low-cost producer and has been a preferred provider for China where mu...
May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close. May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close. May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close. May 23 Soymeal closed at $457.9/short ton, up $11.9 f...
The U.S. Energy Information Administration (EIA) recently released its Annual Energy Outlook (AEO) for 2023 – that report is the Department of Energy’s equivalent to USDA’s long term baseline projection. The USDA’s report forecasts out to 2032, while the AEO forecasts to...
The U.S. is a major meat producer and exporters, and global demand has been growing. At the same time, competition has been growing and U.S. market share has been declining, though less for poultry than for beef. Brazil is a low-cost producer and has been a preferred provider for China where mu...
May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close. May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close. May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close. May 23 Soymeal closed at $457.9/short ton, up $11.9 f...
The U.S. Energy Information Administration (EIA) recently released its Annual Energy Outlook (AEO) for 2023 – that report is the Department of Energy’s equivalent to USDA’s long term baseline projection. The USDA’s report forecasts out to 2032, while the AEO forecasts to...
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Grain markets have been upset by concerns that Russia could stop its export of wheat and sunflower seed on a temporary basis due to the recent drop in world prices. Discussions are expected in Russia this week bet...
Unhelpful Timing The U.S. agriculture sector unleashed a pro-trade barrage on the Biden Administration this week and USDA bureaucrats wittingly or unwittingly contributed to the onslaught. U.S. agriculture is highly dependent on trade. It was first battered by Donald Trump’s trade war and...
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Grain markets have been upset by concerns that Russia could stop its export of wheat and sunflower seed on a temporary basis due to the recent drop in world prices. Discussions are expected in Russia this week bet...
The CBOT was green across the board on Monday, though trading volume remained lighter than normal. Traders were focused on continued news from Russia that, even if it doesn’t limit wheat exports, it will seek to raise the export price of its products. That, combined with position evening...
May 23 Corn closed at $6.4825/bushel, up $0.0525 from yesterday's close. May 23 Wheat closed at $6.98/bushel, up $0.095 from yesterday's close. May 23 Soybeans closed at $14.4225/bushel, up $0.14 from yesterday's close. May 23 Soymeal closed at $446/short ton, up $0.9 from yes...
While the human diet is a complex affair and animal protein, unlike many other commodities, lacks a title in the Farm Bill, it is the most egregious food to some activist groups. They specifically cite the contribution of livestock to climate change. These groups have some work cut out for them...
EU rice consumption has been rising at 1.8 percent CAGR at the same time production has fallen by 30 percent since 2018/19. Italy produces about half of the EU’s rice output, and it has suffered from drought. As a water intensive crop, climate change will have an outside impact on this st...
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