The CBOT was mixed on Tuesday with soybeans grinding lower and breaking support early in the day before rumors of Chinese purchases pushed the market to a positive close. Wheat was lower on last week’s news of a lower Russian export tax and corn seemed caught between the wheat and soybean...
Double Exposure In a concept paper yesterday at the WTO, the U.S. outlined its lessons from the pandemic in terms of a more resilient planet. Notably missing from the report was any mention of the TRIPS agreement hindering vaccinations against disease. The reason for its absence is the mounting...
THE OPEN Nov beans: 3 higher Dec meal: 1.30 higher Dec soyoil: 15 higher Dec corn: 1 lower Dec wheat: 4 lower Prices opened as called but oilshare quickly found more selling pressure as traders bot meal/sold soy oil. The markets continued to find...
The theme of the pandemic has been the need for reshoring and diversification of supply chains to strengthen future resilience from such black swan events. Europe has done a better job than the U.S. in diversifying its major sources of energy and yet it is now more burdened by the current spike...
Double Exposure In a concept paper yesterday at the WTO, the U.S. outlined its lessons from the pandemic in terms of a more resilient planet. Notably missing from the report was any mention of the TRIPS agreement hindering vaccinations against disease. The reason for its absence is the mounting...
THE OPEN Nov beans: 3 higher Dec meal: 1.30 higher Dec soyoil: 15 higher Dec corn: 1 lower Dec wheat: 4 lower Prices opened as called but oilshare quickly found more selling pressure as traders bot meal/sold soy oil. The markets continued to find...
The theme of the pandemic has been the need for reshoring and diversification of supply chains to strengthen future resilience from such black swan events. Europe has done a better job than the U.S. in diversifying its major sources of energy and yet it is now more burdened by the current spike...
GOOD MORNING, Prices overnight continue to trend lower for grains, while attempting to put in some stabilization trade for soyoil and beans. Outside markets are showing a recovery from yesterday's nose-dive, with crude up which is supporting soyoil futures. Beans are also seei...
As the two-year China-U.S. Phase One trade agreement nears its final months, and seasonal exports trend up, what China does for the rest of the year has become a hot topic. At a recent event in Kansas City, USDA Secretary Tom Vilsack said the U.S. will press China to meet its targets, sta...
GOOD MORNING, Prices overnight continue to trend lower for grains, while attempting to put in some stabilization trade for soyoil and beans. Outside markets are showing a recovery from yesterday's nose-dive, with crude up which is supporting soyoil futures. Beans are also seei...
SPREADS Dec crush trades to 89c while oilshare trades to 44.76%. Dec/March corn carry trades from 8c to 8 1/4c, while Dec 21/22 trades from 20c inverse to 19c. Dec /March wheat trades from 10 3/4c to 11c carry. Dec wheat/corn trades 1.76 1/2c. Nov/Jan trades from 9c to 9...
Update for 20 September 2021: If you don't see the app on the WPI homepage, you can always find it here: https://www.worldperspectives.com/articles/wpi-crop-progress-app The app contains a large volume of data, so please be patient while it loads. Also, if you have any feedback abou...
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Morocco is forecast by USDA-FAS to be importing about 4.5 MMT of wheat in 2021/22 – down from 5.4 MMT in 2020/21. The drop is due to the greatly increased wheat production, up from last year’s drought affected production...
The CBOT was lower to start the week with widespread “risk off” trade taking place in light of weaker macro markets. U.S. and world stocks were sharply lower as China’s largest property developer, Evergrande, is in the middle of a debt crisis and missed payments this morning,...
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