World Perspectives

Recent Australia Analysis

feed-grains soy-oilseeds wheat

Market Commentary: Commercial Buying Lifts CBOT; Corn, Soybeans Try to Forge Sideways Ranges

Friday’s selloff at the CBOT found aggressive end-user and commercial pricing activity on Monday. Markets traded lower overnight but triggered notable buying action as prices hit key support levels. The subsequent rally in the day session left the market with the feeling that near-term lo...

livestock

Beef with Beef Prices

The cost of beef around the world is highly variable. While the average for 97 countries is $11.40/pound for a kilo of top round or back leg equivalent, it will cost $55.58 in Switzerland and just $3.68 in Pakistan. That makes Switzerland 15 times more expensive to get a steak. Of course, it is...

wheat

WASDE Wheat

The outlook for 2020/21 U.S. wheat is for unchanged domestic use, higher exports, and lower ending stocks. The season-average farm price is unchanged at $4.70 per bushel.   The 2020/21 global wheat outlook is for larger supplies, increased consumption, higher exports, and reduced stoc...

All/Any Trade Agreements; He’s Back!; Helping Hurts

All/Any Trade Agreements University of Sydney sociologist and foreign policy columnist Salvatore Babones calls the recently agreed Regional Comprehensive Economic Partnership (RCEP), “a China-style trade agreement: platitudinous and ineffective.” Aussies do not have a lot of warm fe...

wheat

WASDE Wheat

November 2020/21 U.S. wheat is for stable supplies, higher domestic use, unchanged exports, and reduced ending stocks.  Domestic use is raised, primarily on higher food use, which is increased 5 million bushels to 965 million, up from 962 million for 2019/20.  This increase is based m...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Score Technical Win; Profit Taking Pressures Grains

The CBOT opened higher but found profit taking and farm cash/hedging sales that pushed markets off the day’s highs. The soy complex was once again the upside leader with soyoil and soybeans being the strongest legs of the crush. Buy soy/sell wheat or corn spread trades were also active to...

feed-grains soy-oilseeds wheat

Market Commentary: Turnaround Tuesday on Shrinking Corn, Soybean Yields

Election day is here for the U.S. and both CBOT and macro markets seemed to take encouragement from that fact. The dollar moved sharply lower on election uncertainty and the movement of some cash parked internationally back to U.S. bank accounts. The weaker dollar helped support the CBOT and ot...

Unseriousness of Campaign Promises; Big is Better; Eating American

Unseriousness of Campaign Promises If the polls are correct, Joe Biden is elected president tomorrow and the question is what changes besides civility? Looking at his campaign promises potentially impacting agriculture there is a lot of repetition from the past, a past that was mostly different...

CAP Reform in Focus; New Trade Policy; COVID Adjustments

CAP Reform in Focus This is a busy week in Brussels as tripartite negotiations hit a fever pitch over how green the next Common Agricultural Policy (CAP) will be. Delegations are split with some wanting to increase the mandatory level of 2nd Pillar support for eco-schemes to 40 percent, and boo...

Friday Intrigue

Crying Uncle With seeming impunity, U.S. President Donald Trump has helped Taiwan and called for an investigation into the coronavirus mistakes in China. In response, Beijing agreed to a lopsided trade deal in favor of the U.S. China had a $345 billion trade surplus with America last year. By c...

wheat

WASDE Wheat

USDA reduced ending stocks of wheat for the 2020/21 season but increased global ending stocks:  U.S. wheat supplies are reduced by 32 million bushels because of lower beginning stocks and reduced production - as indicated in the Grains Stocks and Small Grains Annual Summary reports. (The G...

soy-oilseeds feed-grains wheat

European Market Analysis

Regional News  More favorable weather patterns have developed over Europe and western Ukraine in recent weeks. Last week saw widespread rainfall across the UK, western and central Europe, and western Ukraine. Parts of northern Germany and southeast Romania and Bulgaria missed these rains,...

feed-grains soy-oilseeds wheat

Market Commentary: Commercial Buying Lifts CBOT; Corn, Soybeans Try to Forge Sideways Ranges

Friday’s selloff at the CBOT found aggressive end-user and commercial pricing activity on Monday. Markets traded lower overnight but triggered notable buying action as prices hit key support levels. The subsequent rally in the day session left the market with the feeling that near-term lo...

livestock

Beef with Beef Prices

The cost of beef around the world is highly variable. While the average for 97 countries is $11.40/pound for a kilo of top round or back leg equivalent, it will cost $55.58 in Switzerland and just $3.68 in Pakistan. That makes Switzerland 15 times more expensive to get a steak. Of course, it is...

wheat

WASDE Wheat

The outlook for 2020/21 U.S. wheat is for unchanged domestic use, higher exports, and lower ending stocks. The season-average farm price is unchanged at $4.70 per bushel.   The 2020/21 global wheat outlook is for larger supplies, increased consumption, higher exports, and reduced stoc...

All/Any Trade Agreements; He’s Back!; Helping Hurts

All/Any Trade Agreements University of Sydney sociologist and foreign policy columnist Salvatore Babones calls the recently agreed Regional Comprehensive Economic Partnership (RCEP), “a China-style trade agreement: platitudinous and ineffective.” Aussies do not have a lot of warm fe...

wheat

WASDE Wheat

November 2020/21 U.S. wheat is for stable supplies, higher domestic use, unchanged exports, and reduced ending stocks.  Domestic use is raised, primarily on higher food use, which is increased 5 million bushels to 965 million, up from 962 million for 2019/20.  This increase is based m...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Score Technical Win; Profit Taking Pressures Grains

The CBOT opened higher but found profit taking and farm cash/hedging sales that pushed markets off the day’s highs. The soy complex was once again the upside leader with soyoil and soybeans being the strongest legs of the crush. Buy soy/sell wheat or corn spread trades were also active to...

feed-grains soy-oilseeds wheat

Market Commentary: Turnaround Tuesday on Shrinking Corn, Soybean Yields

Election day is here for the U.S. and both CBOT and macro markets seemed to take encouragement from that fact. The dollar moved sharply lower on election uncertainty and the movement of some cash parked internationally back to U.S. bank accounts. The weaker dollar helped support the CBOT and ot...

Unseriousness of Campaign Promises; Big is Better; Eating American

Unseriousness of Campaign Promises If the polls are correct, Joe Biden is elected president tomorrow and the question is what changes besides civility? Looking at his campaign promises potentially impacting agriculture there is a lot of repetition from the past, a past that was mostly different...

CAP Reform in Focus; New Trade Policy; COVID Adjustments

CAP Reform in Focus This is a busy week in Brussels as tripartite negotiations hit a fever pitch over how green the next Common Agricultural Policy (CAP) will be. Delegations are split with some wanting to increase the mandatory level of 2nd Pillar support for eco-schemes to 40 percent, and boo...

Friday Intrigue

Crying Uncle With seeming impunity, U.S. President Donald Trump has helped Taiwan and called for an investigation into the coronavirus mistakes in China. In response, Beijing agreed to a lopsided trade deal in favor of the U.S. China had a $345 billion trade surplus with America last year. By c...

wheat

WASDE Wheat

USDA reduced ending stocks of wheat for the 2020/21 season but increased global ending stocks:  U.S. wheat supplies are reduced by 32 million bushels because of lower beginning stocks and reduced production - as indicated in the Grains Stocks and Small Grains Annual Summary reports. (The G...

soy-oilseeds feed-grains wheat

European Market Analysis

Regional News  More favorable weather patterns have developed over Europe and western Ukraine in recent weeks. Last week saw widespread rainfall across the UK, western and central Europe, and western Ukraine. Parts of northern Germany and southeast Romania and Bulgaria missed these rains,...

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