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Flights of Fancy; Notable Approach; Farmer Protests

Flights of Fancy In response to a recent WTO ruling on respective subsidies for Airbus and Boeing aircraft, USTR announced the proposed retaliatory tariffs...

Summary of Futures

May 20 Corn closed at $3.26/bushel, down $0.055 from yesterday's close.  May 20 Wheat closed at $5.4875/bushel, down $0.0625 from yesterday's close.&n...

Cattle on Feed

April 1 2019 Cattle on Feed totaled 12.0 million head; 2 percent above April 1, 2018. This is the highest April 1 inventory since the series began in 1996...

Mercosur Regional Analysis

Wheat  Argentina’s wheat crop continues to suffer from drought from the center of the wheat-growing region to the north of the country. Last wee...

Market Commentary

The CBOT was mixed with little conviction. Corn and soybeans headed lower while wheat managed to find support on spread trading and technical buying. The m...

AM Outlook - Good Bull Markets Take Breaks

GOOD MORNING,  Funds were net sellers across the board yesterday on overbought concerns and the fact that for once beans could not turn the rally back...

CETA’s Meaning; Signs of EU Change; Win Win

By successfully pushing through the Comprehensive Economic and Trade Agreement (CETA) with Canada, EU officials showed more moxie than their American count...

Economic Recovery Officially V-Shaped

On 29 October, when the Bureau of Economic Analysis (BEA) issues the Q3 2020 GDP report, it likely will show the economy grew at more than 33 percent, base...

BDI is Fishy

As fear of the coronavirus causes money to rush out of equities and commodities, why are bulk shipping rates rising? The transportation segment is complex...

Market Commentary

The CBOT opened with soybeans moving higher on a combination of short covering, improving technical conditions, and rumors of Chinese purchases of U.S. soy...

AM Outlook - All One Side Spells Trouble

GOOD MORNING, Prices started the night lower, but head into the close higher into today's important WASDE report, one that could determine trend over the n...

PM Post - Holding Bottoms

THE OPEN Jan beans:  2 1/2 lower Jan meal:  2.90 lower Jan soyoil:  42 higher March corn:  4 lower March wheat:  3 1/4 lower The m...

PM Post - Weakness

THE OPEN Jan beans:  6 1/2 lower Dec meal: 3.30 lower Dec soyoil: 20 higher Dec corn:  2 2/3 lower Dec wheat:  3 1/2 lower The markets opene...

PM Post - As Called and Steady Path

THE OPEN July beans:  6 1/2 higher July meal:  .40 lower July soyoil:  48 higher July corn:  2 1/4 higher July wheat:  3 1/2 lower...

Theater of the Absurd

Robinhood: Proving that it is easy to give away other peoples’ money, the United Nations Development Program is proposing the payment of a temporary...

EPA in Court Over the RFS – Seven Times

The latest two lawsuits facing U.S. EPA are from Valero, the nation’s largest refiner and third-largest ethanol producer. The first petitions that EPA move...

Trade Agreement Planning; Sustainable Sustainability

Trade Agreement Planning The Biden Administration has made clear that it is not planning any immediate efforts on negotiating trade agreements but that doe...

Record, Yet Bullish, November Cattle on Feed Report

USDA released its Cattle on Feed report today. The inventory of cattle in feedlots with a capacity of 1,000 head or more was 12 million head, that is 101 p...

Summary of Futures

Mar 20 Corn closed at $3.835/bushel, up $0.0425 from yesterday's close.  Mar 20 Wheat closed at $5.5875/bushel, up $0.025 from yesterday's close.&nbsp...

China In-Country Analysis

Macroeconomics Food Inflation Returns, Prices Up 1.2 Percent Year-On-Year After declining on an annual basis by 2 percent in November, food prices rose on...

Cattle on Feed

USDA reports that U.S. Cattle on Feed is down 5 percent from 2019 in feedlots with capacity of 1,000 head or more – totaling 11.2 million head on May...

Mercosur Regional Analysis

Wheat Argentina’s wheat crop is 15.5 percent harvested and is only yielding 1.04 MT/ha. As the harvest progresses to the southern portions of the cou...

AM Outlook - Proper Corrections Made

GOOD MORNING, The markets are firmer this morning as funds remain long and some of the proper corrections have been made.  Global grain markets are hi...

Technical Views - Interesting Wheat Situation

SPREADS March crush falls to 68c/bu while oilshare falls to 32.77%.   Corn spreads remain firm in front of the report, with July/Dec trading to 5...

Technical Views - Active Trade Day

SPREADS March crush trades to 75.34c/bu while oilshare trades down to monthly lows at 31.47%.  The corn inverse post report remains strong with new hi...

Technical Views - Higher to Mixed

SPREADS Dec crush firms to 82c/bu while oilshare sits at 33.31%.  Corn spreads are narrower with Dec/March trading into 11 1/4c from 12c, and Dec 19/D...

Livestock Round Up

The Livestock and Meat trade data will be released Monday after the holiday weekend; it will likely show exports way down in May reflecting the COVID-19 im...

Ag Review: Farm Bill - Still North versus South

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...

Export Sales

Wheat: Net sales of 221,900 metric tons (MT) for 2020/2021 were down 19 percent from the previous week and 49 percent from the prior 4-week average. ...

China In-Country Analysis

Livestock Leading Hog Producing Provinces See Strong Recovery With China’s nationwide sow inventory standing at 37.65 million head at the end of July...

AM Outlook - CBOT to Open Weaker

Overnight trends once again feature a slightly firmer soy complex versus mixed corn values. Funds purchased the board yesterday and appear ready to get lon...

AM Outlook - Weak But Stabilizing

GOOD MORNING, Funds were sellers yesterday, figuring the market has met some key upside objectives, but the markets are not giving back much this morning...

China In-Country Analysis

Oilseeds Soymeal Inventory Down Slightly as Feed Demand Improves Improving downstream fundamentals in the livestock market, particularly in hog production...

China In-Country Analysis

Market Trends A Tale of Two Years With the shutdown of the U.S. government over (at least temporarily), its official statistics are now available to the ge...

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