House Speaker Nancy Pelosi (D-California) directed Congressional Committee chairmen yesterday to begin drafting articles of impeachment against President Trump. A vote on impeachment could come before the end of the year and the proceedings continue to suck energy and momentum out of other key...
¡Aguas! USMCA The Mexicans are becoming frustrated with the varying demands from Washington for changes to the USMCA before Congressional Democrats will move the agreement forward. Some are aggressive, such as American inspections of Mexican plants and rejecting products at the border. So...
Mar 20 Corn closed at $3.7675/bushel, up $0 from yesterday's close. Mar 20 Wheat closed at $5.245/bushel, up $0.0075 from yesterday's close. Jan 20 Soybeans closed at $8.895/bushel, up $0.0525 from yesterday's close. Jan 20 Soymeal closed at $299.3/short ton, down $2.2 from ye...
THE OPEN Jan beans: 7 1/2 higher Jan meal: 1.10 higher Jan soyoil: 30 higher March corn: 2 1/2 higher March wheat: 1 1/2 higher The markets opened as expected with a surging soyoil market and oilshare cushioning beans. Buy soyoil (on the back of higher palm and energies)...
¡Aguas! USMCA The Mexicans are becoming frustrated with the varying demands from Washington for changes to the USMCA before Congressional Democrats will move the agreement forward. Some are aggressive, such as American inspections of Mexican plants and rejecting products at the border. So...
Mar 20 Corn closed at $3.7675/bushel, up $0 from yesterday's close. Mar 20 Wheat closed at $5.245/bushel, up $0.0075 from yesterday's close. Jan 20 Soybeans closed at $8.895/bushel, up $0.0525 from yesterday's close. Jan 20 Soymeal closed at $299.3/short ton, down $2.2 from ye...
THE OPEN Jan beans: 7 1/2 higher Jan meal: 1.10 higher Jan soyoil: 30 higher March corn: 2 1/2 higher March wheat: 1 1/2 higher The markets opened as expected with a surging soyoil market and oilshare cushioning beans. Buy soyoil (on the back of higher palm and energies)...
Jim Budzynski argues in CropLife magazine that “Agriculture is in Worse Shape than You Think.” He cites several dynamics such as trade wars, deglobalization, ASF, farm debt and climate change. These may or may not collectively be the Black Plague on agriculture. Living through beari...
The CBOT opened on a higher note after overnight news of Chinese removal of some tariffs on U.S. ag products. Soyoil jumped to sharp gains early, which helped boost soybeans as well. Grain trade was under the influence of buy soybeans/sell corn/wheat trade which capped rallies in the latter con...
Jim Budzynski argues in CropLife magazine that “Agriculture is in Worse Shape than You Think.” He cites several dynamics such as trade wars, deglobalization, ASF, farm debt and climate change. These may or may not collectively be the Black Plague on agriculture. Living through beari...
Update for 6 December 2019: All other routes/offers updated through the day's close. Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price. Freight Comments for 5 December 2019: Jay O’Neil, O’Neil Com...
SPREADS March crush trades top 1.08c/bu while oilshare moves into steady territory from lower at 33.70%. Bean spreads are still wide with Jan/March trading from 14 1/4c out to 15 1/4c. March/May beans trades from 14 1/4c to 14 3/4c. March/May meal narrows into $2.6...
Data Updated Through: 5 December 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt. Ocean Freight Insights and Comments - 5 December 2019 By Jay O'Neil Commodity Consulting Dry-bulk markets look like they found...
GOOD MORNING, The rising soy complex on Thursday was led by meal, which rebounded on technical consideration and news that Argentina's largest meal exporter, Vicentin, was in financial distress and having payment restructuring issues. This company is Argentina's number one exporter of soy...
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