World Perspectives

Mercosur Regional Analysis

  Soybeans Argentina After several weeks of rising basis in Brazil, the market there started dropping gradually last week. Firmer CME and a drop in Dalian futures for meal halted demand from Chinese crushers. As a result, some exporters began to show their offers on both FOB and CNF market...

Today’s Top insights

U.S. Activists versus Mexican Leaders; Coopt versus Alienate

U.S. Activists versus Mexican Leaders Karen Hansen-Kuhn of the U.S.-based Institute for Agriculture and Trade Policy (IATP), a gadfly anti-trade group, says that the new USMCA agreement to update NAFTA will shaft Mexican agriculture. The charge is notable because this was not a concern listed b...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were very quiet in the Sunday night session and closed with fractional losses in extremely light volume. Their tone changed at this morning’s opening with soybeans trading 5-7 cents higher as the soy complex led today’s rally. Corn and wheat followed, and no one was certain...

feed-grains wheat soy-oilseeds

Summary of Futures

Dec 18 Corn closed at $3.7825/bushel, up $0.045 from yesterday's close.  Dec 18 Wheat closed at $5.25/bushel, up $0.0775 from yesterday's close.  Nov 18 Soybeans closed at $8.915/bushel, up $0.24 from yesterday's close.  Dec 18 Soymeal closed at $327/short ton, up $10.1 from yest...

U.S. Activists versus Mexican Leaders; Coopt versus Alienate

U.S. Activists versus Mexican Leaders Karen Hansen-Kuhn of the U.S.-based Institute for Agriculture and Trade Policy (IATP), a gadfly anti-trade group, says that the new USMCA agreement to update NAFTA will shaft Mexican agriculture. The charge is notable because this was not a concern listed b...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were very quiet in the Sunday night session and closed with fractional losses in extremely light volume. Their tone changed at this morning’s opening with soybeans trading 5-7 cents higher as the soy complex led today’s rally. Corn and wheat followed, and no one was certain...

feed-grains wheat soy-oilseeds

Summary of Futures

Dec 18 Corn closed at $3.7825/bushel, up $0.045 from yesterday's close.  Dec 18 Wheat closed at $5.25/bushel, up $0.0775 from yesterday's close.  Nov 18 Soybeans closed at $8.915/bushel, up $0.24 from yesterday's close.  Dec 18 Soymeal closed at $327/short ton, up $10.1 from yest...

Election Snapshot and the Farm Bill

With the 2018 midterm election three weeks away, the Democrats need a 23-seat pickup in the House of Representatives to reach the 218 seats (of 435) necessary to gain majority control, and all seats are up for election. RealClearPolitics, a polling aggregator, currently has the “over/unde...

Wheat Update; Bullish World Corn Numbers

Last Friday we updated our view of the tightening world wheat situation and how that will eventually force the wheat market to rally. It was noted in different market commentaries this morning that wheat prices in Australia have been steadily separating themselves from world prices. The result...

Election Snapshot and the Farm Bill

With the 2018 midterm election three weeks away, the Democrats need a 23-seat pickup in the House of Representatives to reach the 218 seats (of 435) necessary to gain majority control, and all seats are up for election. RealClearPolitics, a polling aggregator, currently has the “over/unde...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat Prices in the Black Sea region were again about unchanged last week. Russian exports continue to impress at close to 15 MMT already shipped since the start of the campaign. Meanwhile, the EU has exported 4.8 MMT since the start of the campaign versus 6.2 MMT at the same time a yea...

China Less Easy than Europe; Cultural Protectionism; Missing Data

China Less Easy Than Europe The Nikkei headline says, “Jack Ma slams Western economic models, says Europe over-regulated.” The retiring billionaire, founder of online Chinese marketing giant Alibaba, told his IM/World Bank audience, "In Europe a lot of people talk about regulations,...

energy farm-inputs

Natural Gas and Fertilizer Outlook

With the cold weather season coming, natural gas storage is at long-term lows. The U.S. Energy Information Administration’s (EIA’s) October Short-Term Energy Outlook is forecasting natural gas inventories at 3,263 billion cubic feet (Bcf) by the end of the month. That would be the l...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 339,000 metric tons for 2018/2019 were down 22 percent from the previous week and 30 percent from the prior 4-week average.    Corn:    Net sales of 1,006,700 MT for 2018/2019 were reported for Mexico (354,600 MT, including 63,000 MT switched f...

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