WASDE Wheat
WHEAT: The 2022/23 U.S. wheat outlook is unchanged from last month. The season-average farm price forecast also remains unchanged at $9.00 per bushel. Global ending stocks are lowered 2.1 million tons to 267.2 million, as smaller stocks for China more than offset increases for Argen...
Cure for High Prices
Good moisture has enabled Australia to produce a record sized wheat crop. Due to proximity, Australia largely serves Asian markets and its wheat sales to China are up 158 percent. These sales have occured despite Chinese restrictions on many other Australian farm products. Trade ministers from...
WASDE Wheat
WHEAT: USDA reduced 2022/23 ending stocks slightly as larger domestic use more than offsets higher beginning stocks. The season-average farm price is unchanged at $9.10 per bushel. The 2022/23 global outlook is for increased supplies, exports, consumption, and stocks. Wo...
ANZ Split; Labor Key to PA
Anz Split The Australia-New Zealand relationship is very tight, with both nations freely trading with one another and generally sharing positions on foreign policy. However, China has created a bit of an ANZ split. Australian Foreign Minister Penny Wong visited China on the 50th anniversary of...
WASDE Wheat
U.S. domestic wheat data is unchanged from last month. The global wheat supplies are lowered 2.1 million tons to 1,056.9 million on reduced production for Argentina and Canada that is only partly offset by higher Australia production. ...
Market Commentary: CBOT Selloff Intensifies; Aussie Wheat Crop Gets Bigger
Monday offered little reprieve from the CBOT’s recent trends with the selloffs in soyoil and wheat intensifying. Funds were net sellers in both markets, but for different reasons. In soyoil, the EPA’s latest renewable fuel volume mandates are, at least for now, perceived as bearish...
Livestock Round Up: Cattle Prices Continue Bullish
Live cattle negotiated prices in the south hit $155/cwt this week, while in the north they reached $157, and still some sellers held out for more. Negotiated dressed prices averaged $245/cwt. Slaughter last week was down due to the Thanksgiving holiday but was still higher than the...
WASDE Wheat
WHEAT: USDA made a light increase in U.S. 2022/2023 wheat production to 1,783 million bushels, up 2 million from last month. Reductions in winter wheat and Durum are more than offset by an increase in Other Spring Wheat. The all-wheat yield is 47.5 bushels per acre, up 0.2 bus...
WASDE Wheat
USDA’s June 2022 estimate is for slightly lower ending stocks of global wheat. Projected 2022/23 world ending stocks are lowered 0.2 million tons to 266.9 million, a six-year low. Supplies are decreased by 1.7 million tons to 1,052.8 million as lower India production mor...
Down Under Limits
Major wheat exporters have a tremendous opportunity if they can take their advantage. India was thought to be in the catbird seat. Production was going to be up 1.6 percent but the exportabe surplus would be up 200 percent, until it wasn’t. Dry heat shrunk the crop and now there are expor...
WASDE Wheat
WHEAT: USDA’s outlook for 2022/23 is for higher U.S. wheat prices. U.S. 2022/23 wheat supplies are projected down 3 percent, as lower beginning stocks more than offset a larger harvest. All wheat production for 2022/23 is projected at 1,729 million bushels, up 83 million from...
Reprieve on Emissions Data; IPEF Launch; GMO Wheat
Reprieve on Emissions Data At the request of U.S. farm groups, the Securities and Exchange Commission (SEC) has extended the deadline for public comments on its proposed rule, “The Enhancement and Standardization of Climate Related Disclosures for Investors.” The Commission wants pu...
WASDE Wheat
WHEAT: The 2022/23 U.S. wheat outlook is unchanged from last month. The season-average farm price forecast also remains unchanged at $9.00 per bushel. Global ending stocks are lowered 2.1 million tons to 267.2 million, as smaller stocks for China more than offset increases for Argen...
Cure for High Prices
Good moisture has enabled Australia to produce a record sized wheat crop. Due to proximity, Australia largely serves Asian markets and its wheat sales to China are up 158 percent. These sales have occured despite Chinese restrictions on many other Australian farm products. Trade ministers from...
WASDE Wheat
WHEAT: USDA reduced 2022/23 ending stocks slightly as larger domestic use more than offsets higher beginning stocks. The season-average farm price is unchanged at $9.10 per bushel. The 2022/23 global outlook is for increased supplies, exports, consumption, and stocks. Wo...
ANZ Split; Labor Key to PA
Anz Split The Australia-New Zealand relationship is very tight, with both nations freely trading with one another and generally sharing positions on foreign policy. However, China has created a bit of an ANZ split. Australian Foreign Minister Penny Wong visited China on the 50th anniversary of...
WASDE Wheat
U.S. domestic wheat data is unchanged from last month. The global wheat supplies are lowered 2.1 million tons to 1,056.9 million on reduced production for Argentina and Canada that is only partly offset by higher Australia production. ...
Market Commentary: CBOT Selloff Intensifies; Aussie Wheat Crop Gets Bigger
Monday offered little reprieve from the CBOT’s recent trends with the selloffs in soyoil and wheat intensifying. Funds were net sellers in both markets, but for different reasons. In soyoil, the EPA’s latest renewable fuel volume mandates are, at least for now, perceived as bearish...
Livestock Round Up: Cattle Prices Continue Bullish
Live cattle negotiated prices in the south hit $155/cwt this week, while in the north they reached $157, and still some sellers held out for more. Negotiated dressed prices averaged $245/cwt. Slaughter last week was down due to the Thanksgiving holiday but was still higher than the...
WASDE Wheat
WHEAT: USDA made a light increase in U.S. 2022/2023 wheat production to 1,783 million bushels, up 2 million from last month. Reductions in winter wheat and Durum are more than offset by an increase in Other Spring Wheat. The all-wheat yield is 47.5 bushels per acre, up 0.2 bus...
WASDE Wheat
USDA’s June 2022 estimate is for slightly lower ending stocks of global wheat. Projected 2022/23 world ending stocks are lowered 0.2 million tons to 266.9 million, a six-year low. Supplies are decreased by 1.7 million tons to 1,052.8 million as lower India production mor...
Down Under Limits
Major wheat exporters have a tremendous opportunity if they can take their advantage. India was thought to be in the catbird seat. Production was going to be up 1.6 percent but the exportabe surplus would be up 200 percent, until it wasn’t. Dry heat shrunk the crop and now there are expor...
WASDE Wheat
WHEAT: USDA’s outlook for 2022/23 is for higher U.S. wheat prices. U.S. 2022/23 wheat supplies are projected down 3 percent, as lower beginning stocks more than offset a larger harvest. All wheat production for 2022/23 is projected at 1,729 million bushels, up 83 million from...
Reprieve on Emissions Data; IPEF Launch; GMO Wheat
Reprieve on Emissions Data At the request of U.S. farm groups, the Securities and Exchange Commission (SEC) has extended the deadline for public comments on its proposed rule, “The Enhancement and Standardization of Climate Related Disclosures for Investors.” The Commission wants pu...