World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Geopolitics Replaces Weather

With little new in the fundamentals to move the market it is instead being pushed by inflation and geopolitics. Funds are buying on both measures going into an uncertain weekend and open interest is up. President Biden’s comments at yesterday’s press conference did not help matters. In essence he said Russian President Vladimir Putin feels compelled to do something, and if it is a minor incursion then the West will have problems reaching agreement on how to respond. Basically, diplomacy and the threat of sanctions are not working.  Going back to Russia’s annexation of Crimea in early 2014, before the threats started in late February that year and the formal pronouncement later in March, the value of soybeans rose 9...

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China doesn’t offer the best business environment for American companies and FDI has plummeted. But Xi Jinping told CEO’s that his country will continue building a “first class business environment.” Meanwhile, Joe Biden tells American companies that they are monopolies...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.42/bushel, up $0.1525 from yesterday's close.  May 24 Wheat closed at $5.6025/bushel, up $0.1275 from yesterday's close.  May 24 Soybeans closed at $11.915/bushel, down $0.01 from yesterday's close.  May 24 Soymeal closed at $337.7/short ton, down $1.3 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for period March 15-21, 2024. Wheat:  Net sales of 339,600 metric tons (MT) for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Export shipments of 408,900 MT were up 3 percent from the previous week, but do...

Divergent Perspectives

China doesn’t offer the best business environment for American companies and FDI has plummeted. But Xi Jinping told CEO’s that his country will continue building a “first class business environment.” Meanwhile, Joe Biden tells American companies that they are monopolies...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.42/bushel, up $0.1525 from yesterday's close.  May 24 Wheat closed at $5.6025/bushel, up $0.1275 from yesterday's close.  May 24 Soybeans closed at $11.915/bushel, down $0.01 from yesterday's close.  May 24 Soymeal closed at $337.7/short ton, down $1.3 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for period March 15-21, 2024. Wheat:  Net sales of 339,600 metric tons (MT) for 2023/2024 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Export shipments of 408,900 MT were up 3 percent from the previous week, but do...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.0575 from yesterday's close.  May 24 Wheat closed at $5.475/bushel, up $0.04 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.065 from yesterday's close.  May 24 Soymeal closed at $339/short ton, down $0.8 fr...

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