The CBOT attempted a dead-cat bounce overnight but turned lower during the day session. Wheat was the downside leader as weak technical conditions, and a large Australian crop are pressuring the price outlook. Wheat weakness pulled corn lower and the March futures contract slipped to major tren...
Mar 21 Corn closed at $4.2075/bushel, down $0.0525 from yesterday's close. Mar 21 Wheat closed at $5.7725/bushel, down $0.0775 from yesterday's close. Jan 21 Soybeans closed at $11.62/bushel, down $0.065 from yesterday's close. Jan 21 Soymeal closed at $390.2/short ton, down $...
The lame duck session of Congress continues to work on a funding bill to meet the 11 December deadline when the current continuing resolution expires. Moreover, it appears that a bipartisan effort at another round of COVID relief could also be a part of the deal. A group of lawmakers from both...
Ronald Reagan famously said, “If you want more of something, subsidize it; if you want less of something tax it.” Some countries are moving forward with taxes on technology companies. After all, they are big, rich and offer up an easy fillip on government revenues. However, it can a...
Mar 21 Corn closed at $4.2075/bushel, down $0.0525 from yesterday's close. Mar 21 Wheat closed at $5.7725/bushel, down $0.0775 from yesterday's close. Jan 21 Soybeans closed at $11.62/bushel, down $0.065 from yesterday's close. Jan 21 Soymeal closed at $390.2/short ton, down $...
The lame duck session of Congress continues to work on a funding bill to meet the 11 December deadline when the current continuing resolution expires. Moreover, it appears that a bipartisan effort at another round of COVID relief could also be a part of the deal. A group of lawmakers from both...
Ronald Reagan famously said, “If you want more of something, subsidize it; if you want less of something tax it.” Some countries are moving forward with taxes on technology companies. After all, they are big, rich and offer up an easy fillip on government revenues. However, it can a...
War on Agribusiness President-Elect Joe Biden campaigned that he would help farmers “by strengthening enforcement of the Sherman and Clayton Antitrust Acts. Now he is hiring Neera Tandem to run the powerful Office of Management and Budget. Tandem has pursued a moratorium on mergers in the...
WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue looks at the global and local impacts of the recent U.S. election, President-Elect Biden’s trade agenda, fiscal policy and the U.S. federal budget, the challenges of long-term f...
War on Agribusiness President-Elect Joe Biden campaigned that he would help farmers “by strengthening enforcement of the Sherman and Clayton Antitrust Acts. Now he is hiring Neera Tandem to run the powerful Office of Management and Budget. Tandem has pursued a moratorium on mergers in the...
THE OPEN Jan beans: 2 lower Jan meal: .80 lower Jan soyoil: 5 higher March corn: 1/4 lower March wheat: 3/4 lower The markets opened tentatively for the soy complex and lower for wheat. Major reversal signals created weaker trade today, as the seasonal rally...
Ocean Freight Comments for 19 November 2020: By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s dro...
Ocean Freight Comments - 19 November 2020 By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s drop. De...
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA An electrical fire at the main grain silo in Tartous Syria has meant that 35,000 MT of wheat had to be moved to other storage. The wheat was not damaged by the fire but there was some damage to the silos – total damage to the s...
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