Market Commentary: Wheat Selloff Continues; Corn Approaches Major Support
The CBOT attempted a dead-cat bounce overnight but turned lower during the day session. Wheat was the downside leader as weak technical conditions, and a large Australian crop are pressuring the price outlook. Wheat weakness pulled corn lower and the March futures contract slipped to major tren...
Approaching $6.94 Trillion in COVID Relief, With $26 Billion More For Ag?
The lame duck session of Congress continues to work on a funding bill to meet the 11 December deadline when the current continuing resolution expires. Moreover, it appears that a bipartisan effort at another round of COVID relief could also be a part of the deal. A group of lawmakers from both...
Empowering the Political Class
Ronald Reagan famously said, “If you want more of something, subsidize it; if you want less of something tax it.” Some countries are moving forward with taxes on technology companies. After all, they are big, rich and offer up an easy fillip on government revenues. However, it can a...
War on Agribusiness; Soy War II
War on Agribusiness President-Elect Joe Biden campaigned that he would help farmers “by strengthening enforcement of the Sherman and Clayton Antitrust Acts. Now he is hiring Neera Tandem to run the powerful Office of Management and Budget. Tandem has pursued a moratorium on mergers in the...
FOB Prices and Freight Rate App (Updated 1 December)
Ocean Freight Comments for 19 November 2020: By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s dro...
Interactive Ocean Freight Rates (Updated 1 December)
Ocean Freight Comments - 19 November 2020 By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s drop. De...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA An electrical fire at the main grain silo in Tartous Syria has meant that 35,000 MT of wheat had to be moved to other storage. The wheat was not damaged by the fire but there was some damage to the silos – total damage to the s...
Market Commentary: South American Rains Douse CBOT Rallies
Heavy weekend rains for parts of South America took away a pillar of bullish support and sparked aggressive selling at the CBOT on Monday. March corn posted a new contract high overnight but could not hold gains and soybeans were once again stymied at the $12.00 level. The day session saw soybe...
CFTC COT Report Analysis
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
OMB and Ag Antitrust Agenda
In addition to the Secretary of Agriculture and the U.S. Trade Representative, the Director of the Office and Management and Budget (OMB) is one of the most impactful cabinet level officials for U.S. agriculture. While there is still speculation about President-Elect Biden’s appointments...
Coming to a Farm Near You; Lifestyle versus Economic Success
Coming to a Farm Near You Sustainability is increasingly a policy goal in farming and the WTO negotiations over managing fisheries could eventually have implications on land. The harvesting of food, whether from terroir or the sea, involves balancing what nature can and cannot do. Because fishe...
Second Fiddle
U.S. sorghum producers have long complained of playing second fiddle to corn. Although sorghum has lower production costs, only about 2.5 percent as much of it is produced as that of corn. In terms of value per acre, it grosses 30 percent as much per acre as corn. Once sorghum became eligible f...
Market Commentary: Wheat Selloff Continues; Corn Approaches Major Support
The CBOT attempted a dead-cat bounce overnight but turned lower during the day session. Wheat was the downside leader as weak technical conditions, and a large Australian crop are pressuring the price outlook. Wheat weakness pulled corn lower and the March futures contract slipped to major tren...
Approaching $6.94 Trillion in COVID Relief, With $26 Billion More For Ag?
The lame duck session of Congress continues to work on a funding bill to meet the 11 December deadline when the current continuing resolution expires. Moreover, it appears that a bipartisan effort at another round of COVID relief could also be a part of the deal. A group of lawmakers from both...
Empowering the Political Class
Ronald Reagan famously said, “If you want more of something, subsidize it; if you want less of something tax it.” Some countries are moving forward with taxes on technology companies. After all, they are big, rich and offer up an easy fillip on government revenues. However, it can a...
War on Agribusiness; Soy War II
War on Agribusiness President-Elect Joe Biden campaigned that he would help farmers “by strengthening enforcement of the Sherman and Clayton Antitrust Acts. Now he is hiring Neera Tandem to run the powerful Office of Management and Budget. Tandem has pursued a moratorium on mergers in the...
FOB Prices and Freight Rate App (Updated 1 December)
Ocean Freight Comments for 19 November 2020: By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s dro...
Interactive Ocean Freight Rates (Updated 1 December)
Ocean Freight Comments - 19 November 2020 By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s drop. De...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA An electrical fire at the main grain silo in Tartous Syria has meant that 35,000 MT of wheat had to be moved to other storage. The wheat was not damaged by the fire but there was some damage to the silos – total damage to the s...
Market Commentary: South American Rains Douse CBOT Rallies
Heavy weekend rains for parts of South America took away a pillar of bullish support and sparked aggressive selling at the CBOT on Monday. March corn posted a new contract high overnight but could not hold gains and soybeans were once again stymied at the $12.00 level. The day session saw soybe...
CFTC COT Report Analysis
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
OMB and Ag Antitrust Agenda
In addition to the Secretary of Agriculture and the U.S. Trade Representative, the Director of the Office and Management and Budget (OMB) is one of the most impactful cabinet level officials for U.S. agriculture. While there is still speculation about President-Elect Biden’s appointments...
Coming to a Farm Near You; Lifestyle versus Economic Success
Coming to a Farm Near You Sustainability is increasingly a policy goal in farming and the WTO negotiations over managing fisheries could eventually have implications on land. The harvesting of food, whether from terroir or the sea, involves balancing what nature can and cannot do. Because fishe...
Second Fiddle
U.S. sorghum producers have long complained of playing second fiddle to corn. Although sorghum has lower production costs, only about 2.5 percent as much of it is produced as that of corn. In terms of value per acre, it grosses 30 percent as much per acre as corn. Once sorghum became eligible f...