World Perspectives

Recent Australia Analysis

feed-grains soy-oilseeds wheat

Market Commentary: Omicron Correction

It was a risk off day as investors shook off earlier Omicron concerns and bought back part of what they’d given up in the past few days. With indications that this version of the virus is not deadlier, that it may even follow the evolutionary trend of viruses getting weaker over time, and...

feed-grains soy-oilseeds wheat

Market Commentary: COVID Tanks Markets (again)

“… [covid’s] always on my mind, [covid’s] always on my mind.” With apologies to Willie Nelson, that was the tune markets were singing Tuesday. After a brief pause yesterday, crude oil, stocks, currencies, and commodities all continued Friday’s risk-off and l...

wheat

Aussie Wheat Importance

Although Australia produces less than 5 percent of global wheat output, it is typically the world’s fourth largest exporter. Due to its tendency toward drought, production can be variable but still correlates over time to global wheat ending stocks. The Australian Bureau of Agricultural a...

feed-grains livestock soy-oilseeds

Market Commentary: Weak Energies Weigh on Soy Complex; Wheat Ignores Bearish Technicals

Continued declines in energy markets pressured the CBOT on Friday and reduced fund buying interest. Soyoil futures fell lower and to near trading range support on weaker energy markets and pulled soybeans lower as well. Wheat futures were higher as traders pointed to strong demand as reason to...

wheat

WASDE Wheat

The November WASDE projected U.S. wheat ending stocks at 583 million bushels for the 2021/22 season. That estimate is up 3 million from the October forecast. The projected 2021/22 season-average U.S. farm price is raised $0.20 per bushel to $6.90. Global wheat ending stocks are down 1.4 million...

livestock

Beef: Where East Meets West

Beef demand in East Asia is on a long-term trend upward. Fulfilling this demand has required increased imports, primarily from Australia, Brazil, and the U.S. It has also resulted in a drawdown in the regions surplus stocks. Complicating the supply situation has been drought in Australia, an at...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Correction Continues; Cash Wheat Strong Despite Futures’ Decline

The CBOT ended the week on a down note with corn, wheat, and the soy complex all posting losses for the day. Corn and wheat attempted to rally early in the day, but that effort was met with stiff selling pressure and more cash selling from farmers. Harvest activity has increased across the east...

feed-grains

Beer Pressures

Global supply chain issues are pressuring many industries, but beer makers face a complex set of issues. Prices have risen for malt barley, aluminum, labor, and transportation. Already elevated malt prices started rising more in mid-summer when the impact of North American drought conditions be...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Despite drought in Argentina that came during the early phases of the wheat crop, rains appeared during the critical yield-defining periods and boosted yield potential. Consequently, the Buenos Aires Grain Exchange increased its crop estimate from 19.2 to 19.8 MMT for MY 2021/22. Almost...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies to End Strong Week; Hogs Rally while Cattle Fall

Corn and wheat futures were higher again on Friday, but volume was waning as funds slowed their buying pace. The soy complex saw continued but mild strength as exports remain a headwind for soybeans and meal. This week’s market action saw surprising strength due to demand-side factors (no...

farm-inputs

Notable TFP Changes

U.S. Secretary for Agriculture Tom Vilsack and EU Agriculture Commissioner Janusz Wojciechowski will be on the stage together next week at the Forum for the Future of Agriculture & Farm Europe. Mr. Vilsack has taken the position that increasing productivity is the pathway to sustainability...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The EU Commission reported that the favorable weather conditions across most of Europe “allowed farmers to make good progress” harvesting 2021 summer crops and planting 2022 winter crops. The Commission increased its forecast of summer crop yields, with the 2021...

feed-grains soy-oilseeds wheat

Market Commentary: Omicron Correction

It was a risk off day as investors shook off earlier Omicron concerns and bought back part of what they’d given up in the past few days. With indications that this version of the virus is not deadlier, that it may even follow the evolutionary trend of viruses getting weaker over time, and...

feed-grains soy-oilseeds wheat

Market Commentary: COVID Tanks Markets (again)

“… [covid’s] always on my mind, [covid’s] always on my mind.” With apologies to Willie Nelson, that was the tune markets were singing Tuesday. After a brief pause yesterday, crude oil, stocks, currencies, and commodities all continued Friday’s risk-off and l...

wheat

Aussie Wheat Importance

Although Australia produces less than 5 percent of global wheat output, it is typically the world’s fourth largest exporter. Due to its tendency toward drought, production can be variable but still correlates over time to global wheat ending stocks. The Australian Bureau of Agricultural a...

feed-grains livestock soy-oilseeds

Market Commentary: Weak Energies Weigh on Soy Complex; Wheat Ignores Bearish Technicals

Continued declines in energy markets pressured the CBOT on Friday and reduced fund buying interest. Soyoil futures fell lower and to near trading range support on weaker energy markets and pulled soybeans lower as well. Wheat futures were higher as traders pointed to strong demand as reason to...

wheat

WASDE Wheat

The November WASDE projected U.S. wheat ending stocks at 583 million bushels for the 2021/22 season. That estimate is up 3 million from the October forecast. The projected 2021/22 season-average U.S. farm price is raised $0.20 per bushel to $6.90. Global wheat ending stocks are down 1.4 million...

livestock

Beef: Where East Meets West

Beef demand in East Asia is on a long-term trend upward. Fulfilling this demand has required increased imports, primarily from Australia, Brazil, and the U.S. It has also resulted in a drawdown in the regions surplus stocks. Complicating the supply situation has been drought in Australia, an at...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Correction Continues; Cash Wheat Strong Despite Futures’ Decline

The CBOT ended the week on a down note with corn, wheat, and the soy complex all posting losses for the day. Corn and wheat attempted to rally early in the day, but that effort was met with stiff selling pressure and more cash selling from farmers. Harvest activity has increased across the east...

feed-grains

Beer Pressures

Global supply chain issues are pressuring many industries, but beer makers face a complex set of issues. Prices have risen for malt barley, aluminum, labor, and transportation. Already elevated malt prices started rising more in mid-summer when the impact of North American drought conditions be...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Despite drought in Argentina that came during the early phases of the wheat crop, rains appeared during the critical yield-defining periods and boosted yield potential. Consequently, the Buenos Aires Grain Exchange increased its crop estimate from 19.2 to 19.8 MMT for MY 2021/22. Almost...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies to End Strong Week; Hogs Rally while Cattle Fall

Corn and wheat futures were higher again on Friday, but volume was waning as funds slowed their buying pace. The soy complex saw continued but mild strength as exports remain a headwind for soybeans and meal. This week’s market action saw surprising strength due to demand-side factors (no...

farm-inputs

Notable TFP Changes

U.S. Secretary for Agriculture Tom Vilsack and EU Agriculture Commissioner Janusz Wojciechowski will be on the stage together next week at the Forum for the Future of Agriculture & Farm Europe. Mr. Vilsack has taken the position that increasing productivity is the pathway to sustainability...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The EU Commission reported that the favorable weather conditions across most of Europe “allowed farmers to make good progress” harvesting 2021 summer crops and planting 2022 winter crops. The Commission increased its forecast of summer crop yields, with the 2021...

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