Awkwardness on Hong Kong President Trump says he will sign or veto legislation (the Hong Kong Human Rights and Democracy Act) approved near unanimously by the Congress depending on whether China completes a phase one trade deal with him. There are several awkward aspects to his position includi...
Update for 22 November 2019: All other routes/offers updated through the day's close. Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price. Freight Comments for 21 November 2019: Jay O’Neil, O’Neil Commodity...
Spread trade was the biggest feature of the day with traders rolling out of December contracts and into deferred contracts. December options expired this afternoon and there was a solid round of positioning/rolling contracts around that fact. Wheat futures were higher with no deliveries yet reg...
Data Updated Through: 22 November 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt. Ocean Freight Insights and Comments - 21 November 2019 By Jay O'Neil Commodity Consulting Many analysts have been using the term &ldq...
Update for 22 November 2019: All other routes/offers updated through the day's close. Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price. Freight Comments for 21 November 2019: Jay O’Neil, O’Neil Commodity...
Spread trade was the biggest feature of the day with traders rolling out of December contracts and into deferred contracts. December options expired this afternoon and there was a solid round of positioning/rolling contracts around that fact. Wheat futures were higher with no deliveries yet reg...
Data Updated Through: 22 November 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt. Ocean Freight Insights and Comments - 21 November 2019 By Jay O'Neil Commodity Consulting Many analysts have been using the term &ldq...
• USDA Estimates: U.S. Cattle on Feed were up 1 percent on November 1, 2019. • Placements in feedlots during October totaled 2.48 million head, 10 percent above 2018. • Marketings of fed cattle during October totaled 1.88 million head, 1 percent below 2018.  ...
The latest Cold Storage report from USDA (which features commodity stocks as of 31 October 2019) shows growing supplies of pork and chicken and a modest tightening in beef supplies. Total red meat supplies were up 1 percent from September but down 1 percent from year-ago levels. &...
• USDA Estimates: U.S. Cattle on Feed were up 1 percent on November 1, 2019. • Placements in feedlots during October totaled 2.48 million head, 10 percent above 2018. • Marketings of fed cattle during October totaled 1.88 million head, 1 percent below 2018.  ...
Dec 19 Corn closed at $3.6875/bushel, up $0.0025 from yesterday's close. Mar 20 Wheat closed at $5.1875/bushel, up $0.0675 from yesterday's close. Jan 20 Soybeans closed at $8.97/bushel, down $0.04 from yesterday's close. Dec 19 Soymeal closed at $299/short ton, down $2 from y...
Reports out of China indicate that the ASF situation may be stabilizing. Stocks of breeding sows rose 0.6 percent last month, the first increase in 19 months. The overall herd fell 0.6 percent, the smallest month to month decline in a year. Herd sizes on large farms actually increased. Sino-ske...
India Trade The Ministry of Commerce and Industry is reporting that progress is being made in trade negotiations with the U.S. and details could be forthcoming within a couple of weeks. In fact, India is stepping up their trade agenda across the board. India moved this week on a tra...
THE OPEN Jan beans: 1/4 lower Jan meal: .40 lower Jan soyoil: 25 higher March corn: 1 lower March wheat: 2 higher The markets opened as called with grains firmer against beans and meal. Wheat prices are firmer as they were well bid before the open and are con...
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