Russian Grain Markets: 5-9 November 2018 Milling wheat export prices were stable at an average $228/MT FOB Black Sea, and purchase prices at seaports grew in RUB expression but dropped in USD expression to $196-197/MT CPT-Black Sea port. The average feed barley export and purchase prices rose t...
Transatlantic Expectations EU Trade Commissioner Cecilia Malmström is in Washington to meet with her U.S. counterpart, Robert Lighthizer, and discuss efforts to better harmonize regulations. She expressed the view that President Trump would not impose tariffs on European automobiles due to...
Dec 18 Corn closed at $3.67/bushel, up $0.005 from yesterday's close. Dec 18 Wheat closed at $5.03/bushel, down $0.0475 from yesterday's close. Jan 19 Soybeans closed at $8.835/bushel, up $0.0525 from yesterday's close. Dec 18 Soymeal closed at $305.7/short ton, up $1.8 from y...
Livestock African Swine Fever Continues to Run Rampant Despite quarantines, incentives to cull herds impacted by sick animals, and harsh penalties administered to officials committing fraud, new cases of African swine fever (ASF) have continued to appear across China with outbreaks reported in...
Transatlantic Expectations EU Trade Commissioner Cecilia Malmström is in Washington to meet with her U.S. counterpart, Robert Lighthizer, and discuss efforts to better harmonize regulations. She expressed the view that President Trump would not impose tariffs on European automobiles due to...
Dec 18 Corn closed at $3.67/bushel, up $0.005 from yesterday's close. Dec 18 Wheat closed at $5.03/bushel, down $0.0475 from yesterday's close. Jan 19 Soybeans closed at $8.835/bushel, up $0.0525 from yesterday's close. Dec 18 Soymeal closed at $305.7/short ton, up $1.8 from y...
Livestock African Swine Fever Continues to Run Rampant Despite quarantines, incentives to cull herds impacted by sick animals, and harsh penalties administered to officials committing fraud, new cases of African swine fever (ASF) have continued to appear across China with outbreaks reported in...
Overnight trade reversed some of what occurred on Monday. Soybeans were higher, while grain prices were lower. Traders were chewing over news that U.S. Treasury Secretary Mnuchin has been discussing trade issues with high-level Chinese officials. Optimists see such contact as setting the stage...
Yesterday commodity markets were dominated by NYMEX crude oil’s precipitous decline, but today that market stabilized and actually closed a little higher to end its 12-day losing streak. This allowed other commodities to return to their own specifics. Unfortunately for the grain and soy f...
Overnight trade reversed some of what occurred on Monday. Soybeans were higher, while grain prices were lower. Traders were chewing over news that U.S. Treasury Secretary Mnuchin has been discussing trade issues with high-level Chinese officials. Optimists see such contact as setting the stage...
Only twice has a country filed a challenge in the WTO against another’s required notification of its domestic ag subsidies. The first was in May when the U.S. did so against India’s report on market support for wheat and rice during MY 2010/11-2013/14. The second time was yesterday...
False Rise of Small Ag More Democrats than Republicans take a populist view toward American agriculture, and that means the current capitalist system will be under attack. Senator Cory Booker (D-New Jersey), a likely 2020 presidential candidate, has introduced legislation that would impose a mo...
For the past few weeks, the soybean futures market has been living largely on hope. At this writing, the January soybean contract is at $8.815, down 1.75 cents from Monday’s close after trading as high as $8.9075 today. Meanwhile, cash basis bids for soybeans have been creeping higher fro...
European Rapeseed Plantings Down Sharply The head of the French Federation of Oilseed and Protein Crop Producers (FOP) indicated last week that the country’s winter rapeseed plantings will likely decrease 30-35 percent from last year due to the lack of rain this fall. While that suggests...
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