Big Ag Ends in Big Squeeze
The bull market will be prolonged if foodies drive food production techniques back to the Stone Age.
Regulating the Villains
The role of futures markets has never been well understood by the general public. Nevertheless, the impact of speculators and other non-commercial participants on futures market price action and on consumer prices for fuel and food has been a widely studied topic during the last several years.
A Banner Year Ahead for U.S. Soy Exports
The outlook for U.S. soybean exports for the remainder of the current marketing year and in 2012/13 appears to be excellent. If the U.S. is able to produce a large soybean crop in 2012, it is possible U.S. soybean exports will approach a new record in the next marketing year.
Farm Bill: Still North versus South
In a mini legislative Civil War skirmish over the farm bill markup in the Senate Agriculture Committee, the North was victorious. The following question remains: Will the South rise again as the bill progresses? Or, perhaps the more pertinent question is whether the farm bill will progress at all.
Grain Merchandisers’ Necessity and Resilience
The United States’ distiller’s dried grains with solubles (DDGS) market is relatively new, and some merchandisers seem to be exhibiting traits of inexperience by limiting transparency about alteration to their DDGS product as corn oil is removed. Those individuals may learn quickly that the probabilities of failure are actually higher for any merchandiser who is not transparent about changes to a marketed product.
Commodity Market Review
There have been three factors dominating grain and soy futures markets for the last several weeks. In our view, early U.S. spring planting, deteriorating South American production prospects and China have been the primary market drivers during April.