Corn: No Clear Trend on Argentine Corn Premiums Argentine new crop corn is currently experiencing both bullish and bearish influences. This is the main reason why premiums can't seem to find their way, as they are firm one week and weak the next. This has been the case for a couple of months.Most of the technicals/fundamentals are bullish. Argentine corn is the cheapest origin in the market, especially for destinations in Latin America, though for Asia and Africa as well. Indian corn has been competing in Asia, although the recent drop of CBOT corn has increased the competitiveness of Argentine corn there.Argentina is the only origin from South America offering corn for April, May and June shipments. From July onwards, there's a differen...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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