The overnight session opened with little price direction. Grain and soy prices were down just slightly, although they recovered enough to trade in mixed fashion but very light volume. At the morning recess, corn and soybeans were in slightly positive territory, but wheat was a little weaker. Th...
Escalating Drought in Paraguay and Brazil Over the past few months, the soybean market has understandably been dominated by the U.S-China trade dispute. However, there should be greater focus on the evolving dry weather situation in Brazil and Paraguay that will likely reduce their soybean outp...
With the Christmas and New Year holidays looming, this is the last full week for trading of grain and soy futures markets in 2018. Following early closures on 24 December and 31 December, they will then be closed on 25 December and 1 January. The holiday mood seems to have settled into the mark...
Mar 19 Corn closed at $3.855/bushel, up $0.015 from yesterday's close. Mar 19 Wheat closed at $5.3275/bushel, down $0.025 from yesterday's close. Jan 19 Soybeans closed at $9.0775/bushel, up $0.03 from yesterday's close. Jan 19 Soymeal closed at $310.4/short ton, up $1.3 from...
Escalating Drought in Paraguay and Brazil Over the past few months, the soybean market has understandably been dominated by the U.S-China trade dispute. However, there should be greater focus on the evolving dry weather situation in Brazil and Paraguay that will likely reduce their soybean outp...
With the Christmas and New Year holidays looming, this is the last full week for trading of grain and soy futures markets in 2018. Following early closures on 24 December and 31 December, they will then be closed on 25 December and 1 January. The holiday mood seems to have settled into the mark...
Mar 19 Corn closed at $3.855/bushel, up $0.015 from yesterday's close. Mar 19 Wheat closed at $5.3275/bushel, down $0.025 from yesterday's close. Jan 19 Soybeans closed at $9.0775/bushel, up $0.03 from yesterday's close. Jan 19 Soymeal closed at $310.4/short ton, up $1.3 from...
Corn and soybean futures were higher while wheat market dropped lower in unenthusiastic trade. Wheat has a bullish technical story, however, and could see a rally in the very near-term. Cattle futures remain supported by non-commercial buying ahead of the Cattle on Feed report while hog futures...
Trade Compensation Legs The Trump administration has approved a second tranche of trade mitigation payments to U.S. farmers and asserts that it is the final one. The Office of Management and Budget was reluctant to grant the payments in the first place, and its new director, Russell Vought, wil...
Corn and soybean futures were higher while wheat market dropped lower in unenthusiastic trade. Wheat has a bullish technical story, however, and could see a rally in the very near-term. Cattle futures remain supported by non-commercial buying ahead of the Cattle on Feed report while hog futures...
Congress faces a midnight Friday deadline to pass an omnibus spending bill that funds seven agencies in the federal government, including USDA. Any government shutdown resulting from a failure to do so would only be partial, however, as it would only affect those entities since appropriations b...
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Morocco has reportedly reduced the import tariff on grains from Russia to zero, although it has not been a major importer of that origin with only a few wheat shipments from there to date in 2018. Russia does hope that it will import more, and...
Beans versus Cows This week EU agriculture commissioners are considering the policy proposals for replacing imported oilseeds with newly incentivized, domestically-produced sources of plant-based proteins. This import substitution plan has the support of Europe’s farmers but draws the enm...
World crop production slipped in 2018 from the record levels reached in the previous five years, which masked the fact that world consumption also set records in each of those same years. World soybean production was a record again in 2018, but world production of corn and wheat fell as did tha...
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