Weaker technical conditions, limit-down soyoil, and more rains for the Dakotas conspired to push the CBOT sharply lower on Friday. Thursday’s WASDE should have been supportive for corn, but overnight rains in the northern Plains gave bulls pains. Today concludes the index fund roll, which...
Hot Red Meat As American and European leaders are meeting there is yet another key transatlantic difference, but it needs no negotiation and that is meat. Red meat consumption is falling in the EU and policymakers in Brussels want it to fall even more. Like Americans, Europeans have consumed mo...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Jul 21 Corn closed at $6.845/bushel, down $0.145 from yesterday's close. Jul 21 Wheat closed at $6.8075/bushel, down $0.03 from yesterday's close. Jul 21 Soybeans closed at $15.085/bushel, down $0.355 from yesterday's close. Jul 21 Soymeal closed at $383.3/short ton, up $1.7 f...
Hot Red Meat As American and European leaders are meeting there is yet another key transatlantic difference, but it needs no negotiation and that is meat. Red meat consumption is falling in the EU and policymakers in Brussels want it to fall even more. Like Americans, Europeans have consumed mo...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Jul 21 Corn closed at $6.845/bushel, down $0.145 from yesterday's close. Jul 21 Wheat closed at $6.8075/bushel, down $0.03 from yesterday's close. Jul 21 Soybeans closed at $15.085/bushel, down $0.355 from yesterday's close. Jul 21 Soymeal closed at $383.3/short ton, up $1.7 f...
THE OPEN July beans: 10 lower July meal: 1.10 lower July soyoil: 230 pts lower Julu corn: 9 lower July wheat: 7 1/2 lower The markets opened lower and continued to sell-off on weaker technical considerations, more rains across northern portions of the country...
When it comes to biofuels policy and the White House, it is the same song but in a different key. The Biden White House is caught between two political base constituencies, environmentalists and labor. The groups are different than they were for the Trump Administration - agriculture and petrol...
THE OPEN July beans: 10 lower July meal: 1.10 lower July soyoil: 230 pts lower Julu corn: 9 lower July wheat: 7 1/2 lower The markets opened lower and continued to sell-off on weaker technical considerations, more rains across northern portions of the country...
Ocean Freight Comments - 10 June 2021 By Jay O'Neil Commodity Consulting The Capesize market remains soft as cargo demand out of Australia and Brazil has not yet improved. Short covering in the Panamax sector has supported values and allowed Panamax and Supramax markets’ daily hire rates...
Ocean Freight Comments - 10 June 2021 By Jay O'Neil Commodity Consulting The Capesize market remains soft as cargo demand out of Australia and Brazil has not yet improved. Short covering in the Panamax sector has supported values and allowed Panamax and Supramax markets’ daily hire ra...
GOOD MORNING, Prices started the night on a steady note but this morning will open lower. Sharply lower soyoil futures are pressuring beans, and prices will begin on key support points. The theme now seems to be liquidation for the day into the weekend, as the report is digested fro...
SPREADS August crush trades to 79c/bu while oilshare trades to 46.43%. Today is the last day of the Goldman Roll as July futures wind down. July/Nov bean inverse trades to 84 3/4c but finds some life, trading back up to 96c. Jly/Dec meal widens out to new lows at $12.20 carry...
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