World Perspectives

Efficient = Sustainable; Canada NAFTA Freeze; Historical Cartel Failures

Efficient = Sustainable The U.S. soybean industry has been trying to convince the EU that its soydiesel should be considered sustainable under Europe’s Renewable Energy Directive (RED). Now a study published this week in the journal Nature Sustainability affirms the U.S. industry’s...

Today’s Top insights
feed-grains wheat soy-oilseeds

Summary of Futures

Dec 18 Corn closed at $3.5725/bushel, up $0.0475 from yesterday's close.  Dec 18 Wheat closed at $5.2175/bushel, down $0.0225 from yesterday's close.  Nov 18 Soybeans closed at $8.4725/bushel, down $0.03 from yesterday's close.  Dec 18 Soymeal closed at $308.9/short ton, down $5...

livestock

Cattle on Feed

USDA reports U.S. Cattle on Feed up 6 percent from year ago:  Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2018. The inventory was 6 percent above September 1, 20...

feed-grains soy-oilseeds wheat

Bullish News/Bearish Markets

It was an interesting week for market news versus market action. There were actually numerous, somewhat bullish news stories that generated little in the way of bullish market reaction, including the following: Wheat markets continue to absorb news of further declines in volume and quality by...

feed-grains wheat soy-oilseeds

Summary of Futures

Dec 18 Corn closed at $3.5725/bushel, up $0.0475 from yesterday's close.  Dec 18 Wheat closed at $5.2175/bushel, down $0.0225 from yesterday's close.  Nov 18 Soybeans closed at $8.4725/bushel, down $0.03 from yesterday's close.  Dec 18 Soymeal closed at $308.9/short ton, down $5...

livestock

Cattle on Feed

USDA reports U.S. Cattle on Feed up 6 percent from year ago:  Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2018. The inventory was 6 percent above September 1, 20...

feed-grains soy-oilseeds wheat

Bullish News/Bearish Markets

It was an interesting week for market news versus market action. There were actually numerous, somewhat bullish news stories that generated little in the way of bullish market reaction, including the following: Wheat markets continue to absorb news of further declines in volume and quality by...

feed-grains soy-oilseeds wheat

Market Commentary

Wheat and soybean markets were lower overnight with corn trading fractionally higher. The big question today was whether yesterday’s strength in corn and soybean futures was anything more than a technical bounce off of recent lows or instead a reaction to bullish news. Corn maintained som...

Fiscal Year in Review, Economic Outlook

With only a few days left until FY 2018 concludes on 30 September, this is a good time to look back at the huge changes in fiscal policy over the past year and consider the longer-term effect they might have on the economy. At the outset, it should be noted that the ag economy will be impacted...

feed-grains soy-oilseeds wheat

Market Commentary

Wheat and soybean markets were lower overnight with corn trading fractionally higher. The big question today was whether yesterday’s strength in corn and soybean futures was anything more than a technical bounce off of recent lows or instead a reaction to bullish news. Corn maintained som...

soy-oilseeds softs feed-grains

Indian Subcontinent Regional Analysis

Drop in Vegetable Oil Imports  India’s vegetable oil imports have increased over the years. They rose from 14.42 MMT in 2014/15 (November-October) to 14.57 MMT in 2015/16 and 15.07 MMT (approx. 1.25 MT/month) in 2016/17. In 2017/18, though, overall imports are down. According to data...

feed-grains soy-oilseeds wheat

Market Commentary

The overnight trade was quiet and uneventful with only small price changes. Soybeans traded up 2 cents, Chicago wheat was up about 3 cents, and corn hung around unchanged. That session did not prepare the markets for what was to come during the day when soybean and corn prices moved sharply hig...

soy-oilseeds wheat feed-grains

Stepping Back, Looking Ahead

Perhaps there should be a rule that anyone whose business is analyzing any kind of market economics must be forced to take some time off and be totally removed from any contact with markets or the forces that move them. Aside from the other benefits derived from such vacations, time away from t...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 18 Corn closed at $3.525/bushel, up $0.0675 from yesterday's close.  Dec 18 Wheat closed at $5.24/bushel, up $0.015 from yesterday's close.  Nov 18 Soybeans closed at $8.5025/bushel, up $0.2025 from yesterday's close.  Dec 18 Soymeal closed at $314.4/short ton, up $5.2 from y...

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