Russian Grain Markets: 6-10 August 2018 Grain prices increased due to rising prices on international markets and weakening of the ruble. Milling wheat export prices rose $3/MT to $235/MT FOB Black Sea, and purchase prices at seaports grew to $187-192/MT CPT-Black Sea port. While the average fee...
USDA data for week ending August 9, 2018: Wheat: Net sales of 803,000 MT for 2018/2019--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Corn: Net sales of 339,000 MT for 2017/2018 were down 39 percent from the previous...
Turnaround Tuesday’s higher prices for grain and soy futures did not last long. An array of negative macro influences and forecasts for a week of favorable weather for the Plains and Midwest sent soy and wheat prices back near where they were at Monday’s close. Commodity prices in g...
Rise Above the WTO Channeling Donald Trump’s incendiary style, the normally thoughtful Kevin Hassett, chair of the White House Council of Economic Advisors, has raised the issue of throwing China out of the WTO. The comment is notable since many trading partners would currently like to th...
USDA data for week ending August 9, 2018: Wheat: Net sales of 803,000 MT for 2018/2019--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Corn: Net sales of 339,000 MT for 2017/2018 were down 39 percent from the previous...
Turnaround Tuesday’s higher prices for grain and soy futures did not last long. An array of negative macro influences and forecasts for a week of favorable weather for the Plains and Midwest sent soy and wheat prices back near where they were at Monday’s close. Commodity prices in g...
Rise Above the WTO Channeling Donald Trump’s incendiary style, the normally thoughtful Kevin Hassett, chair of the White House Council of Economic Advisors, has raised the issue of throwing China out of the WTO. The comment is notable since many trading partners would currently like to th...
Dec 18 Corn closed at $3.76/bushel, down $0.005 from yesterday's close. Sep 18 Wheat closed at $5.3225/bushel, down $0.095 from yesterday's close. Nov 18 Soybeans closed at $8.69/bushel, down $0.1075 from yesterday's close. Dec 18 Soymeal closed at $331.3/short ton, down $6.5...
Macro Trends Data Point to Gradual Slowdown in China’s Domestic Economy A combination of tighter credit restrictions, the impacts of the trade dispute with the United States, increased environmental regulations and a slowing real estate market is weighing on consumer spending and industri...
Dec 18 Corn closed at $3.76/bushel, down $0.005 from yesterday's close. Sep 18 Wheat closed at $5.3225/bushel, down $0.095 from yesterday's close. Nov 18 Soybeans closed at $8.69/bushel, down $0.1075 from yesterday's close. Dec 18 Soymeal closed at $331.3/short ton, down $6.5...
Livestock futures were higher on modest support while grains futures gave back all of Turnaround Tuesday’s gains. Would that make today a Washout Wednesday? Regardless, falling crude oil, a higher dollar, and rising trade concerns left the CBOT trading in the red today. Wall s...
Overnight trade in CME grain and soy futures bounced off yesterday’s closes in modest Turnaround Tuesday fashion, indicating that markets had absorbed the bearish news contained in last Friday’s August WASDE. Wheat contracts were the leader with 6-7 cent gains. Corn and soybeans fol...
The 2018 Farm Bill is in the House-Senate conference committee. Three former USDA secretaries, Tom Vilsack (Obama), Ann Veneman (Bush 43) and Dan Glickman (Clinton), penned an op-ed in The Hill newspaper entitled, “Focusing on Nutrition is Paramount to Getting a Sound, Bipartisan Far...
Argentina Suspends Export Tax Reductions for Soyoil and Soymeal The government of Argentina today announced that reductions in the export tax rates for soymeal and soyoil will be suspended for the next six months. Since the beginning of this year, those rates along with that for soybeans have b...
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