World Perspectives

Recent China Analysis

Tilting at Windmills; Floored Prices; Greenwashing Sustainability

Tilting at Windmills China is being chided in the financial press for trying to limit commodity prices. In addition to scrutinizing pricing platforms, Beijing is auctioning stockpiles and warning against speculation. This approach ignores the real impacts of underlying demand, which the governm...

Different Value-Added

USDA/FAS reports that excessive rains hit Chile earlier this year and damaged a wide swath of that country’s grape crop. What is notable is the concentration of global grape trade by some of the world’s smaller producers of grapes. Six countries (Chile, Peru, South Africa, United St...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Whiplash

While the gyrations in the equities market are based on things like earnings and risks from inflation or COVID, agricultural commodities are all about the weather. It is the known unknown and there will not be any clarity for a while yet. In a brief reflection of diversity (different commoditie...

soy-oilseeds

Oilseed Highlights: U.S. Soy Sales; China Buys Argentine Soy; EU Soy Imports; Brazil Soy

U.S. Soy Export Sales Down Last Week The week ending 15 July was not a good one for export sales of U.S. soybeans, soymeal, and soyoil. Apparently, it will be quite a while before sales begin to substantially increase. Net export sales of U.S. soybeans last week totaled only 62,000 MT for the c...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Fills Chart Gaps; Canola, Spring Wheat Lower on Canadian Rains

The CBOT was mixed on Wednesday with corn showing the greatest strength, despite posting gains of just 2-3 cents. Soyoil fell as the Biden administration is delaying rulemaking for biofuel blending mandates and canola futures broke below major support as the Canadian weather outlook improves (m...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Live Hog and White Feather Broiler Prices Fall on Rising Supplies Even with the National Merchant Reserve Center stepping in to buy up surplus pork for the country’s frozen reserves, the national live hog price contracted by 5.4 percent. That translated into a week-on-week decre...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Ignores Monday’s Meltdown, Trades Higher on Crop Conditions and Dry Weather

CBOT futures shrugged off yesterday’s macro-market selloff overnight and traded higher with corn extending gains into the open chart gap. The day session saw continued strength with traders focused on the latest Crop Progress data and the U.S. weather outlook. Funds were net buyers for th...

feed-grains soy-oilseeds wheat

Market Commentary: Macro Selling Scuttles CBOT; Wheat Finds Strength on Dry U.S. Weather

The CBOT started higher overnight but a huge selloff in stocks, energies, and other macro-markets crushed the rally after the day session began. Only wheat and cattle managed to post meaningful gains while corn and the soy complex posted significant losses. Traders have been whipsawed by the re...

feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

Corn Brazil  The Brazilian corn production estimates look poor indeed. The combination of intense drought and recent frost/freeze events caused huge, irreversible damage to the crop. The most optimistic estimate right now is a total crop of 93 MMT (of which 67 MMT is attributed to the safr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on U.S. Heat, EU Flooding, China Buying; Corn, Soybeans Trade Weather

The CBOT traded higher overnight with wheat and soybeans leading the way. Concerns about low-quality wheat in Europe fueled a rally in the Paris market that helped CBOT wheat firm as well. Increasing heat and dryness is forecast for the U.S. and Russia, causing additional production concerns fo...

The First Shot; Bad Shot

The First Shot U.S. President Joe Biden and Chinese President Xi Jinping faced off today in a virtual meeting of the Asia Pacific Economic Council (APEC) but there was a behind the scenes trade fight going on in Geneva. The U.S. asked the WTO to approve retaliatory measures against China, claim...

Reality Check; Worker-Centric; Fit for 55

Reality Check The Mexican government says that it will halve the volume of corn imports by 2024 while concurrently eliminating the use of glyphosate. Meanwhile, Brazilian farmers are concerned about their yields this coming season due to a current short supply of glyphosate. Brazil’s corn...

Tilting at Windmills; Floored Prices; Greenwashing Sustainability

Tilting at Windmills China is being chided in the financial press for trying to limit commodity prices. In addition to scrutinizing pricing platforms, Beijing is auctioning stockpiles and warning against speculation. This approach ignores the real impacts of underlying demand, which the governm...

Different Value-Added

USDA/FAS reports that excessive rains hit Chile earlier this year and damaged a wide swath of that country’s grape crop. What is notable is the concentration of global grape trade by some of the world’s smaller producers of grapes. Six countries (Chile, Peru, South Africa, United St...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Whiplash

While the gyrations in the equities market are based on things like earnings and risks from inflation or COVID, agricultural commodities are all about the weather. It is the known unknown and there will not be any clarity for a while yet. In a brief reflection of diversity (different commoditie...

soy-oilseeds

Oilseed Highlights: U.S. Soy Sales; China Buys Argentine Soy; EU Soy Imports; Brazil Soy

U.S. Soy Export Sales Down Last Week The week ending 15 July was not a good one for export sales of U.S. soybeans, soymeal, and soyoil. Apparently, it will be quite a while before sales begin to substantially increase. Net export sales of U.S. soybeans last week totaled only 62,000 MT for the c...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Fills Chart Gaps; Canola, Spring Wheat Lower on Canadian Rains

The CBOT was mixed on Wednesday with corn showing the greatest strength, despite posting gains of just 2-3 cents. Soyoil fell as the Biden administration is delaying rulemaking for biofuel blending mandates and canola futures broke below major support as the Canadian weather outlook improves (m...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Live Hog and White Feather Broiler Prices Fall on Rising Supplies Even with the National Merchant Reserve Center stepping in to buy up surplus pork for the country’s frozen reserves, the national live hog price contracted by 5.4 percent. That translated into a week-on-week decre...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Ignores Monday’s Meltdown, Trades Higher on Crop Conditions and Dry Weather

CBOT futures shrugged off yesterday’s macro-market selloff overnight and traded higher with corn extending gains into the open chart gap. The day session saw continued strength with traders focused on the latest Crop Progress data and the U.S. weather outlook. Funds were net buyers for th...

feed-grains soy-oilseeds wheat

Market Commentary: Macro Selling Scuttles CBOT; Wheat Finds Strength on Dry U.S. Weather

The CBOT started higher overnight but a huge selloff in stocks, energies, and other macro-markets crushed the rally after the day session began. Only wheat and cattle managed to post meaningful gains while corn and the soy complex posted significant losses. Traders have been whipsawed by the re...

feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

Corn Brazil  The Brazilian corn production estimates look poor indeed. The combination of intense drought and recent frost/freeze events caused huge, irreversible damage to the crop. The most optimistic estimate right now is a total crop of 93 MMT (of which 67 MMT is attributed to the safr...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on U.S. Heat, EU Flooding, China Buying; Corn, Soybeans Trade Weather

The CBOT traded higher overnight with wheat and soybeans leading the way. Concerns about low-quality wheat in Europe fueled a rally in the Paris market that helped CBOT wheat firm as well. Increasing heat and dryness is forecast for the U.S. and Russia, causing additional production concerns fo...

The First Shot; Bad Shot

The First Shot U.S. President Joe Biden and Chinese President Xi Jinping faced off today in a virtual meeting of the Asia Pacific Economic Council (APEC) but there was a behind the scenes trade fight going on in Geneva. The U.S. asked the WTO to approve retaliatory measures against China, claim...

Reality Check; Worker-Centric; Fit for 55

Reality Check The Mexican government says that it will halve the volume of corn imports by 2024 while concurrently eliminating the use of glyphosate. Meanwhile, Brazilian farmers are concerned about their yields this coming season due to a current short supply of glyphosate. Brazil’s corn...

Select Filters to Apply

  • Markets
  • Publications

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up