World Perspectives

Recent China Analysis

feed-grains soy-oilseeds wheat

Market Commentary: Futures Scream Higher; Cash Markets Also on Fire

The CBOT continues to scream higher with Chinese buying of U.S. corn and soybeans underpinning prices. Managed money funds have been aggressive buyers as technical analysis has shown few, if any, reasons to be bearish or sell a long position. The rally is not isolated to the futures market eith...

The Daily Onion

Starches and protein are the largest caloric components of the western diet and WPI analyzes them all day long. Notably, the onion is one of the most important components in the Indian diet. Periodically, there is the risk of civil unrest due to production shortfalls of the vegetable. Consequen...

feed-grains soy-oilseeds wheat

Market Commentary: Gambling on China

The market has been on a tear and it is all based on current demand from China and speculation that it will continue. Current demand prompts news articles about U.S. infrastructure capacity to service it, prospective future demand has funds lined up to go longer. The fundamentals leave us quest...

soy-oilseeds

Oilseed Highlights: Changing China’s Planting Priorities; August Soy Crush Report; U.S. Soy Sales

China Urged to Prioritize Corn, Wheat and Rice Production Over Soybean Production Speakers at this year’s China Soybean Industry International Summit Forum urged the government of China to stop prioritizing the plantings of soybeans to supply the animal food market and instead allow more...

feed-grains soy-oilseeds

More Questions for Grain Markets

Grain and soy futures markets often pose more questions than answers. In terms of trade volume and volatility that is a good thing since it is questions not answers that fuel markets. In that sense last week’s WASDE answered a few questions at least temporarily but raised many more. USDA&...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Chinese Buying (again); Historic Soybean Spreads

The CBOT drifted lower overnight with corn and soybeans testing technical support. That weakness was short-lived in soybeans, however, as rumors of Chinese purchases helped the market firm heading into the morning’s opening bell. The day session corn, soybeans and wheat jump higher at the...

feed-grains soy-oilseeds wheat

China In-Country Analysis

Livestock China Furthers Stimulates Live Hog Production and Risks Grow China’s Ministry of Agriculture and Rural Affairs (MARA) recently announced an increase in the central government’s direct subsidy to major live hog production counties. The new policy will increase the annual am...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Turns Lower with Harvest Looming

Now halfway through the month of September, the CBOT is looking like the rally is ending, or at least on pause for a while. Row crops and wheat were lower as the focus turns to the large U.S. harvest and overbought technical conditions. The U.S. corn harvest is starting and early yield results...

feed-grains

Rice Self-Sufficiency

It is noted that rice imports by Nigeria are declining, with increased border protections and larger domestic production to blame. However, the same dynamic is occurring in other major rice markets such as the Philippines, China, Saudi Arabia, and Cote d’Ivoire.  Global rice trade hi...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies Again; WPI 2020 S&D; Beef Turning Bullish

The CBOT was mostly higher to start the week with soybeans and soyoil extending their rallies. Corn and wheat were firmer but posted a relatively lackluster day of trading. Soyoil reversed course and fell lower under pressure from long profit taking and bull soyoil/soymeal spreads. Cattle futur...

Branstad Departs; Speculatively Correct; Bullish Tractors

Branstad Departs Former Iowa governor and U.S. Ambassador to China Terry Branstad is departing his post in Beijing. Some call it a perilous time to leave given souring bilateral relations, others say it is only because he needs to campaign for Mr. Trump’s re-election. Alternatively, U.S.-...

livestock

Pork Progress

China claims that its pig herd is now down 20 percent from before ASF decimated its stock, but USDA places the country's pork production down 33 percent. Pork meat imports over that same period are up 193 percent. China is subsidizing pig farmers both large and small, but it doesn’t help...

feed-grains soy-oilseeds wheat

Market Commentary: Futures Scream Higher; Cash Markets Also on Fire

The CBOT continues to scream higher with Chinese buying of U.S. corn and soybeans underpinning prices. Managed money funds have been aggressive buyers as technical analysis has shown few, if any, reasons to be bearish or sell a long position. The rally is not isolated to the futures market eith...

The Daily Onion

Starches and protein are the largest caloric components of the western diet and WPI analyzes them all day long. Notably, the onion is one of the most important components in the Indian diet. Periodically, there is the risk of civil unrest due to production shortfalls of the vegetable. Consequen...

feed-grains soy-oilseeds wheat

Market Commentary: Gambling on China

The market has been on a tear and it is all based on current demand from China and speculation that it will continue. Current demand prompts news articles about U.S. infrastructure capacity to service it, prospective future demand has funds lined up to go longer. The fundamentals leave us quest...

soy-oilseeds

Oilseed Highlights: Changing China’s Planting Priorities; August Soy Crush Report; U.S. Soy Sales

China Urged to Prioritize Corn, Wheat and Rice Production Over Soybean Production Speakers at this year’s China Soybean Industry International Summit Forum urged the government of China to stop prioritizing the plantings of soybeans to supply the animal food market and instead allow more...

feed-grains soy-oilseeds

More Questions for Grain Markets

Grain and soy futures markets often pose more questions than answers. In terms of trade volume and volatility that is a good thing since it is questions not answers that fuel markets. In that sense last week’s WASDE answered a few questions at least temporarily but raised many more. USDA&...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Chinese Buying (again); Historic Soybean Spreads

The CBOT drifted lower overnight with corn and soybeans testing technical support. That weakness was short-lived in soybeans, however, as rumors of Chinese purchases helped the market firm heading into the morning’s opening bell. The day session corn, soybeans and wheat jump higher at the...

feed-grains soy-oilseeds wheat

China In-Country Analysis

Livestock China Furthers Stimulates Live Hog Production and Risks Grow China’s Ministry of Agriculture and Rural Affairs (MARA) recently announced an increase in the central government’s direct subsidy to major live hog production counties. The new policy will increase the annual am...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Turns Lower with Harvest Looming

Now halfway through the month of September, the CBOT is looking like the rally is ending, or at least on pause for a while. Row crops and wheat were lower as the focus turns to the large U.S. harvest and overbought technical conditions. The U.S. corn harvest is starting and early yield results...

feed-grains

Rice Self-Sufficiency

It is noted that rice imports by Nigeria are declining, with increased border protections and larger domestic production to blame. However, the same dynamic is occurring in other major rice markets such as the Philippines, China, Saudi Arabia, and Cote d’Ivoire.  Global rice trade hi...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies Again; WPI 2020 S&D; Beef Turning Bullish

The CBOT was mostly higher to start the week with soybeans and soyoil extending their rallies. Corn and wheat were firmer but posted a relatively lackluster day of trading. Soyoil reversed course and fell lower under pressure from long profit taking and bull soyoil/soymeal spreads. Cattle futur...

Branstad Departs; Speculatively Correct; Bullish Tractors

Branstad Departs Former Iowa governor and U.S. Ambassador to China Terry Branstad is departing his post in Beijing. Some call it a perilous time to leave given souring bilateral relations, others say it is only because he needs to campaign for Mr. Trump’s re-election. Alternatively, U.S.-...

livestock

Pork Progress

China claims that its pig herd is now down 20 percent from before ASF decimated its stock, but USDA places the country's pork production down 33 percent. Pork meat imports over that same period are up 193 percent. China is subsidizing pig farmers both large and small, but it doesn’t help...

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