World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Ag Markets Bounce, Pullback as Omicron Detected in U.S.

The CBOT started the day higher with corn and the soy complex leading the way after “buy on the bounce” and “risk on” trade developed overnight and in the early morning. Confirmation from the EU that Omicron coronavirus cases present with relatively mild symptoms and a lower mortality risk encouraged markets as economic lockdowns may not be as likely as thought yesterday. That view changed at mid-day, however, as the U.S. confirmed its first Omicron variant case in California. Futures pared losses and KCBT wheat and soyoil headed lower following the news. Notably, fresh technical developments were light on Wednesday with most commodity markets trading inside days on their respective charts. Today was not a “rec...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Rally; Funds Cover Shorts Amid Widespread Futures Strength

The spring 2024 wheat rally continues as weather threats linger for the U.S., Europe, and the Black Sea. Weather forecasts that offer a challenging outlook for the 2024/25 Northern Hemisphere crop are forcing funds to keep exiting short positions, with the resulting positive technical developme...

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Squeeze on White Corn

South Africa’s Crop Estimates Committee warns that instead of a previously expected 13.8 percent increase in maize production in 2024/25, output could fall to a five year low on account of El Nino. The shortfall is particularly acute for white corn, with the price rising 30 percent thus f...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Rally; Funds Cover Shorts Amid Widespread Futures Strength

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Hecho en Mexico; Radical for Small; Impeach Tai?

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feed-grains

Squeeze on White Corn

South Africa’s Crop Estimates Committee warns that instead of a previously expected 13.8 percent increase in maize production in 2024/25, output could fall to a five year low on account of El Nino. The shortfall is particularly acute for white corn, with the price rising 30 percent thus f...

feed-grains soy-oilseeds wheat

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