World Perspectives

Appropriations Amendments Tie USDA’s Hands and Scrutinize Administration on Trade

The House ag appropriations bill includes many restrictions on USDA’s use of appropriated funding, and there are 70 amendments that provide more stipulations. Yesterday was the deadline for filing amendments with the Rules Committee, which will meet next Tuesday to decide on the ones that...

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

Summary of Futures

Jul 19 Corn closed at $4.53/bushel, up $0.11 from yesterday's close.  Jul 19 Wheat closed at $5.385/bushel, up $0.03 from yesterday's close.  Jul 19 Soybeans closed at $8.9675/bushel, up $0.0875 from yesterday's close.  Jul 19 Soymeal closed at $323.5/short ton, up $1.8 from yest...

Good/Bad Trade War; Government Procurement Challenge; POTUS Contender and Commodity Outlook

Good/Bad Trade War Political analysts correctly note how the Trump trade war has “scrambled” the politics in both major political parties. Politicians do not like to be wrong, and so the most common refrain is that Mr. Trump could have used a different course to address China’...

livestock

Livestock Roundup: China and U.S. Beef

At the recent Southern Association of State Departments of Agriculture (SASDA) meeting in Fort Worth, the counsel general of the Chinese Consulate in Houston, Li Qiangmin, addressed the current state of U.S.-China trade relations. He said that if they normalize, China will be a strong customer...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.53/bushel, up $0.11 from yesterday's close.  Jul 19 Wheat closed at $5.385/bushel, up $0.03 from yesterday's close.  Jul 19 Soybeans closed at $8.9675/bushel, up $0.0875 from yesterday's close.  Jul 19 Soymeal closed at $323.5/short ton, up $1.8 from yest...

Good/Bad Trade War; Government Procurement Challenge; POTUS Contender and Commodity Outlook

Good/Bad Trade War Political analysts correctly note how the Trump trade war has “scrambled” the politics in both major political parties. Politicians do not like to be wrong, and so the most common refrain is that Mr. Trump could have used a different course to address China’...

livestock

Livestock Roundup: China and U.S. Beef

At the recent Southern Association of State Departments of Agriculture (SASDA) meeting in Fort Worth, the counsel general of the Chinese Consulate in Houston, Li Qiangmin, addressed the current state of U.S.-China trade relations. He said that if they normalize, China will be a strong customer...

Cold War II; Varying Farm Policy Models

Cold War II In a sign that President Trump is not going to be able to leverage a trade agreement out of China, Beijing issued notice that it will not yield to U.S. demands even with maximum pressure from Washington. This is the strength of a Marxist economy, and it is perhaps helped by a fallin...

Market Commentary

The markets were slightly firmer overnight but then caught a little fire this morning. It is starting to seem that those in the corn market are considering the possibility that the 2019 U.S. crop could fall below 13 billion bushels. There is also more concern now that not all the soybean acres...

Cold War II; Varying Farm Policy Models

Cold War II In a sign that President Trump is not going to be able to leverage a trade agreement out of China, Beijing issued notice that it will not yield to U.S. demands even with maximum pressure from Washington. This is the strength of a Marxist economy, and it is perhaps helped by a fallin...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were higher overnight with large volumes traded. July corn traded over 95,000 contracts, July soybeans saw volume near 22,000 contracts, and July SRW wheat swapped 12,000 contracts. The overnight move higher in heavy volume was hugely important in setting the stage...

feed-grains wheat soy-oilseeds

Export Sales

Wheat:  Net sales for the 2019/2020 marketing year, which began June 1, totaled 47,600 MT metric tons, resulting increases for Japan (112,100 MT, including 11,000 MT switched from unknown destinations and decreases of 200 MT), Mexico (75,300 MT, including decreases of 500 MT), Taiwan (56,7...

soy-oilseeds

Oilseed Highlights: PNW Soybeans; Damage to U.S. Soy Industry; U.S. Soy Export Sales

High Mississippi Barge Rates Make PNW Soy Shipments a Bargain Normally, cash prices for soybeans are about $0.50/bushel ($18.40/MT) higher at export elevators in the Pacific Northwest (PNW) than at those located along the Mississippi River. However, the premium has dropped to no more than aroun...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.42/bushel, up $0.12 from yesterday's close.  Jul 19 Wheat closed at $5.355/bushel, up $0.0925 from yesterday's close.  Jul 19 Soybeans closed at $8.88/bushel, up $0.1 from yesterday's close.  Jul 19 Soymeal closed at $321.7/short ton, up $2.2 from yesterd...

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