The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...
Strange Bedfellows The oil industry and U.S. agriculture have long conflicted with one another. The oil industry strongly opposed the ethanol blending mandate pushed through the Congress by the agriculture sector. Ethanol not only replaced the oil industry’s gasoline, but it also created...
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Russian Grain Markets: 21-25 November 2022 The feature of the week remains the same – extension of the UN humanitarian Black Sea corridor under UN auspices with Turkey being the guarantor of the transaction. While Ukrainians are complaining about terrible delays with Russian inspections a...
Strange Bedfellows The oil industry and U.S. agriculture have long conflicted with one another. The oil industry strongly opposed the ethanol blending mandate pushed through the Congress by the agriculture sector. Ethanol not only replaced the oil industry’s gasoline, but it also created...
Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close. Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close. Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close. Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...
Russian Grain Markets: 21-25 November 2022 The feature of the week remains the same – extension of the UN humanitarian Black Sea corridor under UN auspices with Turkey being the guarantor of the transaction. While Ukrainians are complaining about terrible delays with Russian inspections a...
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...
The CBOT largely continued its prior trends on Tuesday with soybeans adding to Monday’s rally despite a pullback in soyoil. Corn chopped sideways again and stayed within the range that has defined its trade for the past thirteen trading days. SRW wheat bounced higher as funds took a brief...
Rail Strike The U.S. House of Representatives is likely to vote tomorrow to block a railroad workers’ strike and/or a railroad lock out of labor. Currently, the deadline for the “cooling off” period is next Friday, 9 December, at midnight, but potentially hazardous product lik...
Mar 23 Corn closed at $6.695/bushel, down $0.0175 from yesterday's close. Mar 23 Wheat closed at $7.815/bushel, up $0.0075 from yesterday's close. Jan 23 Soybeans closed at $14.595/bushel, up $0.0225 from yesterday's close. Jan 23 Soymeal closed at $407.6/short ton, down $4.1...
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