The Evolving Trading System WTO Director General Roberto Azevêdo laments that people are forgetting the importance of a rule-based system of economic cooperation. Former Clinton Administration trade negotiator Harry Broadman laments that under President Trump, the U.S. has become more lik...
Dec 19 Corn closed at $3.91/bushel, down $0.0375 from yesterday's close. Dec 19 Wheat closed at $5.3225/bushel, up $0.0675 from yesterday's close. Nov 19 Soybeans closed at $9.34/bushel, up $0.025 from yesterday's close. Dec 19 Soymeal closed at $308.5/short ton, up $1.7 from...
Chicago wheat futures have been climbing for the past few weeks based on still somewhat speculative supply losses due to adverse weather conditions and solid demand. Futures literally look forward while USDA’s strength is in the present and past. Historically, the stocks to use ratio and...
Canada will hold its federal parliamentary election on Monday 21 October. Polling shows a tight race. The latest 10 major published polls (for what polling is worth) conducted from 11 through 16 October shows the following: Overnight tracking this week by CBC shows the Liberal Party moving up...
Dec 19 Corn closed at $3.91/bushel, down $0.0375 from yesterday's close. Dec 19 Wheat closed at $5.3225/bushel, up $0.0675 from yesterday's close. Nov 19 Soybeans closed at $9.34/bushel, up $0.025 from yesterday's close. Dec 19 Soymeal closed at $308.5/short ton, up $1.7 from...
Chicago wheat futures have been climbing for the past few weeks based on still somewhat speculative supply losses due to adverse weather conditions and solid demand. Futures literally look forward while USDA’s strength is in the present and past. Historically, the stocks to use ratio and...
Canada will hold its federal parliamentary election on Monday 21 October. Polling shows a tight race. The latest 10 major published polls (for what polling is worth) conducted from 11 through 16 October shows the following: Overnight tracking this week by CBC shows the Liberal Party moving up...
THE OPEN Nov beans: steady Dec soyoil: 13 higher Dec meal: .60 lower Dec corn: 4 lower Dec wheat: 1 lower Prices started the day as called with wheat once again placing new highs for the move up. Wheat prices found a bid with prices jumping to new high...
Trading at the CBOT today was muted with traders mostly evening positions, taking some profits, and generally not adding to or subtracting from risk ahead of the weekend. Fundamental news was light as well, except for forecasts that a tropical storm in the Gulf of Mexico will create above-avera...
THE OPEN Nov beans: steady Dec soyoil: 13 higher Dec meal: .60 lower Dec corn: 4 lower Dec wheat: 1 lower Prices started the day as called with wheat once again placing new highs for the move up. Wheat prices found a bid with prices jumping to new high...
Wheat: Net sales of 395,100 metric tons for 2019/2020 were down 24 percent from the previous week, but up 11 percent from the prior 4-week average. Increases primarily for Mexico (78,900 MT, including 30,000 MT switched from unknown destinations and decreases of 100 MT), Nigeria (77...
SPREADS Dec crush trades to 78c/bu, which is in recovery mode off the lows this week of 73c/bu. Dec oilshare trades to 33.13%. Corn spreads widen a touch as harvest rolls along. Dec/March corn trades out to 11 3/4c, with Dec 19/Dec 20 corn trading out to 17 3/4c from 15 1/4c.&...
GOOD MORNING, The wheat and soyoil markets took center stage this week advancing to new highs for their trading ranges. Chicago wheat continues to be a technical affair, as shorts continue to feel the pinch of higher prices and technical resistance fails to hold. This week's w...
Bad Tariff Idea In an effort to rationalize the imposition of tariffs by President Trump, some Republicans are trying to create support for them by directing their use toward politically attractive ends, such as aiding poor people. The concept of redirecting punitive duties has already been tri...
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