World Perspectives

Mercosur Regional Analysis

Soybeans The market was again slow last week with China absent as its trade war with the U.S. continues despite the expectations for talks between Presidents Trump and Xi at the G-20 summit in Buenos Aires. Both sides had issued comments about such a meeting and indicated each was already worki...

Today’s Top insights

APEC’s Bad Omen; Bad Choices for U.S. Ag

APEC’s Bad Omen While Beijing has reportedly responded in writing to Washington’s demand for specific trade reforms, the market should not place too much hope in a Sino-American reconciliation. More indicative of the situation was a meeting this past weekend of the Asia-Pacific Econ...

feed-grains soy-oilseeds wheat

Market Commentary

The Sunday night markets opened almost exactly steady and traded that way for the first two to three hours. They then finished that session with wheat down 3-4 cents, soybeans down 6-7 cents and corn steady to a half-cent lower. The very light volume overnight extended into today’s early...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was again stable last week. Russia finally received some long-awaited rains, and wheat conditions there have improved. Its exports will certainly reach 25 MMT before the end of the calendar year, and estimates of the final total are still within a wide range o...

APEC’s Bad Omen; Bad Choices for U.S. Ag

APEC’s Bad Omen While Beijing has reportedly responded in writing to Washington’s demand for specific trade reforms, the market should not place too much hope in a Sino-American reconciliation. More indicative of the situation was a meeting this past weekend of the Asia-Pacific Econ...

feed-grains soy-oilseeds wheat

Market Commentary

The Sunday night markets opened almost exactly steady and traded that way for the first two to three hours. They then finished that session with wheat down 3-4 cents, soybeans down 6-7 cents and corn steady to a half-cent lower. The very light volume overnight extended into today’s early...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market was again stable last week. Russia finally received some long-awaited rains, and wheat conditions there have improved. Its exports will certainly reach 25 MMT before the end of the calendar year, and estimates of the final total are still within a wide range o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 18 Corn closed at $3.6225/bushel, down $0.025 from yesterday's close.  Dec 18 Wheat closed at $4.985/bushel, down $0.0825 from yesterday's close.  Jan 19 Soybeans closed at $8.7375/bushel, down $0.185 from yesterday's close.  Dec 18 Soymeal closed at $305.5/short ton, down $5...

When All Else Fails, Talk About Weather

This is Thanksgiving week in the U.S., and the markets will be closed that day. However, this holiday has other implications such as the following: It is one of the busiest holiday travel periods of the year. It can be severely complicated by adverse weather because of winter conditions across...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 18 Corn closed at $3.6225/bushel, down $0.025 from yesterday's close.  Dec 18 Wheat closed at $4.985/bushel, down $0.0825 from yesterday's close.  Jan 19 Soybeans closed at $8.7375/bushel, down $0.185 from yesterday's close.  Dec 18 Soymeal closed at $305.5/short ton, down $5...

wheat feed-grains soy-oilseeds

Smile! Corn Options Turn Bullish

As December options approach their expiration, the markets are reflecting the typical decrease in ATM IVs and increase in OTM IV values. Interestingly, January corn options and March SRW wheat options are increasingly bullish, despite futures’ down day today.  For background on the m...

biofuel

Ethanol Exports Can’t Draw Down Stocks

Ethanol exports are on track to set a record in 2018 and will likely top 1.6 billion gallons, approximately 10 percent of all production. However, robust sales have not been able to hold off the building of stocks due to the pace of production. Those stocks reached 23,514 barrels for the week e...

Coming Transatlantic Trade War; Weighing the Bleakness Ahead; Aggie to Chair Finance

Coming Transatlantic Trade War EU Trade Commissioner Cecilia Malmström correctly said this week in Washington that she understands that including agriculture “is still important from the U.S. side, but we have been very clear that it is not going to be in a trade agreement on our sid...

Election Impact on State Departments of Agriculture

The elections have had their impact on Congress as well as the Senate and House Agriculture Committees (as previously noted). Perhaps the biggest changes, though, have been at the state level, particularly with governors. However, some also occurred among those state agriculture commissioners,...

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