Rethinking Development Agriculture Diego Restuccia, a professor of economics and Canada Research Chair at the University of Toronto examined the total factor productivity (TFP) differences between developing countries and rich countries and found the misallocation of resources to be a significa...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Today’s report that the jobless rate fell in the U.S. was good news that the economy is reviving. Food demand is relatively inelastic, though there can be some changes in quality. If there are impacts, they should be inverse, meaning less money to pay for food should cause food prices to...
Jul 20 Corn closed at $3.3125/bushel, up $0.0225 from yesterday's close. Jul 20 Wheat closed at $5.1525/bushel, down $0.085 from yesterday's close. Jul 20 Soybeans closed at $8.6775/bushel, up $0 from yesterday's close. Jul 20 Soymeal closed at $289.1/short ton, down $0.7 from...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Today’s report that the jobless rate fell in the U.S. was good news that the economy is reviving. Food demand is relatively inelastic, though there can be some changes in quality. If there are impacts, they should be inverse, meaning less money to pay for food should cause food prices to...
Jul 20 Corn closed at $3.3125/bushel, up $0.0225 from yesterday's close. Jul 20 Wheat closed at $5.1525/bushel, down $0.085 from yesterday's close. Jul 20 Soybeans closed at $8.6775/bushel, up $0 from yesterday's close. Jul 20 Soymeal closed at $289.1/short ton, down $0.7 from...
The June Class III milk futures contract finally gave up some ground today dropping to $19.75 during trading but rallying to close at $19.80/cwt, down $0.41 but still the highest futures price since 2014. More remarkable, at its peak the contract gained more than $9.00 over 30 days. And, it ma...
CBOT trade was mixed to end the week with wheat posting the largest moves. Wheat futures turned sharply lower as a mix of harvest pressure on cash prices and modest profit taking pressured the market. Soyoil rallied again, which helped support soybean prices while corn futures were slightly hig...
The June Class III milk futures contract finally gave up some ground today dropping to $19.75 during trading but rallying to close at $19.80/cwt, down $0.41 but still the highest futures price since 2014. More remarkable, at its peak the contract gained more than $9.00 over 30 days. And, it ma...
THE OPEN July beans: 4 3/4 higher July meal: .80 higher July soyoil: 25 higher July corn: 1/4 higher July wheat: 2 3/4 lower The markets opened as called but turned two-sided after the initial strength led by weaker wheat and meal. Oilshare traded higher with...
Monthly Summary May Activity Down, Open Interest at End Of Month Points to Reset Collectively, the eight leading agricultural futures contracts on the Dalian Exchange saw their monthly trading and volume fall by just under 16 percent and 12 percent, respectively in May. Note, there is a contrac...
SPREADS August crush trades at 83.02c/bu while oilshare trades to 32.55%. Rolls begin today. July/Dec corn trades from 13 1/4c to 13 3/4c, while July/Sep trades from 4c to 4 1/2c. July/Nov beans trade from 8 1/2c out to 9 1/2c. July/Dec wheat trades from 12 1/2c to 13 1/...
GOOD MORNING, The week started off with negative vibes, as China indicated they would not buy beans from the US. Then the bean buying spree started and beans have not looked back since. A weaker US dollar, (as traders unwind previous buy US dollar/sell energies and buy US dollar/sel...
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