World Perspectives

Good Friday

The markets are closed tomorrow, 19 April 2019 in observance of Good Friday. Please note that our office will also be closed that day, and the next Ag Perspectives will be published 22 April 2019. We hope that everyone enjoys the holiday weekend...

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

Export Sales

Wheat:  Net sales of 317,700 metric tons for delivery in the 2018/2019 were up 16 percent from the previous week, but down 28 percent from the prior 4-week average.  Corn:   Net sales of 947,600 MT for 2018/2019 were up 73 percent from the previous week and 33 percent from t...

Cherry-Pick USMCA; PRC TKO; FAANG Attack

Cherry-Pick USMCA The economic analysis of the U.S.-Mexica-Canada Agreement (USMCA) by the U.S. International Trade Administration was released today and gives the pact a very small win. It would increase real U.S. gross domestic product (GDP) by $68.2 billion or 0.35 percent and grow U.S. empl...

livestock

Cattle on Feed

April 1 2019 Cattle on Feed totaled 12.0 million head; 2 percent above April 1, 2018. This is the highest April 1 inventory since the series began in 1996. The inventory included 7.45 million steers and steer calves, down 1 percent from the previous year. This group accounted for 62 percent of...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 317,700 metric tons for delivery in the 2018/2019 were up 16 percent from the previous week, but down 28 percent from the prior 4-week average.  Corn:   Net sales of 947,600 MT for 2018/2019 were up 73 percent from the previous week and 33 percent from t...

Cherry-Pick USMCA; PRC TKO; FAANG Attack

Cherry-Pick USMCA The economic analysis of the U.S.-Mexica-Canada Agreement (USMCA) by the U.S. International Trade Administration was released today and gives the pact a very small win. It would increase real U.S. gross domestic product (GDP) by $68.2 billion or 0.35 percent and grow U.S. empl...

livestock

Cattle on Feed

April 1 2019 Cattle on Feed totaled 12.0 million head; 2 percent above April 1, 2018. This is the highest April 1 inventory since the series began in 1996. The inventory included 7.45 million steers and steer calves, down 1 percent from the previous year. This group accounted for 62 percent of...

feed-grains soy-oilseeds wheat

The 2017 Census of Agriculture

USDA’s National Agricultural Statistical Service (NASS) conducts a census of U.S. production agricultural every five years. The most recent one, completed in 2017, was due to be released in February. However, the government shutdown and funding lapse at the end of 2018 forced a delay, and...

Market Commentary

Note: CME grain and soy markets are closed tomorrow (Friday) and will re-open Easter Sunday evening. U.S. government offices will be open tomorrow, however, and regularly scheduled reports such as the CFTC’s Commitment of Traders (COT) report will be released then. U.S trade negotiators a...

feed-grains soy-oilseeds wheat

The 2017 Census of Agriculture

USDA’s National Agricultural Statistical Service (NASS) conducts a census of U.S. production agricultural every five years. The most recent one, completed in 2017, was due to be released in February. However, the government shutdown and funding lapse at the end of 2018 forced a delay, and...

feed-grains soy-oilseeds wheat

Summary of Futures

May 19 Corn closed at $3.585/bushel, up $0.0025 from yesterday's close.  May 19 Wheat closed at $4.4425/bushel, down $0.0275 from yesterday's close.  May 19 Soybeans closed at $8.805/bushel, up $0.015 from yesterday's close.  May 19 Soymeal closed at $303.2/short ton, down $0.7 f...

soy-oilseeds livestock

Oilseed Highlights: U.S. Soy Export Sales; Chinese Soy Demand

U.S. Soy Export Sales Highlights Today’s USDA export sales report for the week ending 11 April indicated U.S. soybean sales were up from the previous week. However, they were far below what is needed to reach USDA’s forecast for 2018/19. Net soybean exports sales for shipment in 201...

livestock

Cattle on Feed Pre-Report

With the Good Friday holiday tomorrow, USDA will release the monthly Cattle on Feed report, detailing the number on feed as of 1 April, today after the markets close. Pre-report forecasts peg the total inventory in feedlots of 1,000 head capacity at 101.8 percent of last year. Note that the pre...

feed-grains soy-oilseeds wheat

Market Commentary

After yesterday’s lashing, the grain and soy futures markets tried to rally during the overnight session. Corn and soybeans gained a few cents, and wheat, which took the worst beating, regained several cents. However, the rally effort was not able to generate any momentum, and it had fade...

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