World Perspectives

Recent China Analysis

soy-oilseeds

WASDE Soyoil

SOYOIL: Soybean oil is expected to hold a higher share of the crush value as prices are buoyed by increased use of soybean oil as a feedstock in an expanding renewable diesel industry. ...

soy-oilseeds

WASDE Soymeal

SOYMEAL: soybean crush for 2021/22 is projected at 2.2 billion bushels, up 35 million from the 2020/21 forecast, reflecting favorable crush margins. ...

soy-oilseeds

WASDE Soybeans

SOYBEANS:  The 2021/22 outlook for U.S. soybeans is for lower supplies, lower exports, higher crush, and higher ending stocks compared with 2020/21.  The soybean crop is projected at 4.4 billion bushels, up 270 million from last year on increased harvested area and trend yields. ...

feed-grains

WASDE Corn

CORN: The corn crop is projected at 15.0 billion bushels, up from last year on higher area and a return to trend yield.  The yield projection of 179.5 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather. Total corn suppl...

wheat

WASDE Wheat

WHEAT:  The initial outlook for 2021/22 U.S. wheat is for smaller supplies, higher domestic use, lower exports, and reduced stocks.  Supplies are projected down 3 percent from 2020/21 on lower carry-in stocks offsetting higher production and imports.  All wheat production is proj...

feed-grains soy-oilseeds wheat

Market Commentary: Unsurprising Surprise

Today’s USDA WASDE report was not what the trade thought, and yet it was not caught flat-footed. To some degree this is because years of guessing wrong on what USDA will say, it simply takes it as another observation point and not necessarily the Bible. This was reinforced by the fact tha...

Border Tax Rationalized; Stimulus Leakage; Inflation and Environment

Border Tax Rationalized There are both economic and geopolitical reasons being presented for why the G-7 (U.S., Canada, EU, and Japan) should pursue a common carbon border measure. The first is that it is not in Europe’s interest to go it alone. Brussels could sanctimoniously claim itself...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock China’s Live Hog Producers Confront the Scissors Effect Record feed costs, historically high piglet prices, biosafety costs, and declining live hog and pork prices have created the dreaded scissors effect for many hog producers. The scissors effect, a term from corporate finance...

feed-grains soy-oilseeds wheat

Market Commentary: End-Users Bid CBOT Higher Ahead of WASDE

The CBOT started the day lower with continued fund liquidation in the major ag commodities. End-users, however, stepped up and offered support at key technical levels, which allowed the markets to firm and rally into the close. Soybeans were the upside leader for the day, buoyed by new contract...

feed-grains soy-oilseeds wheat

Market Commentary: Correct(ion)!

The CBOT ended sharply lower on Monday with corn and wheat leading the downside move. Both markets had achieved strongly overbought levels last week and were ripe for a corrective selloff. Funds were net sellers as they pare positions ahead of this week’s WASDE report. Most analysts expec...

feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

Corn Argentina  Argentina’s weather has been ideal for harvesting but farmers are still focused on soybeans. This week’s corn harvest progress was just 3.2 percent, compared to more than 20 percent for soybeans. With last week’s progress, farmers have harvested 23 percent...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Favorable rains forecast for Europe in the coming week will aid winter crop development and help recently planted spring crops establish and germinate. Rains are badly needed across the UK and most of western Europe while scattered showers across eastern Europe and Ukraine w...

soy-oilseeds

WASDE Soyoil

SOYOIL: Soybean oil is expected to hold a higher share of the crush value as prices are buoyed by increased use of soybean oil as a feedstock in an expanding renewable diesel industry. ...

soy-oilseeds

WASDE Soymeal

SOYMEAL: soybean crush for 2021/22 is projected at 2.2 billion bushels, up 35 million from the 2020/21 forecast, reflecting favorable crush margins. ...

soy-oilseeds

WASDE Soybeans

SOYBEANS:  The 2021/22 outlook for U.S. soybeans is for lower supplies, lower exports, higher crush, and higher ending stocks compared with 2020/21.  The soybean crop is projected at 4.4 billion bushels, up 270 million from last year on increased harvested area and trend yields. ...

feed-grains

WASDE Corn

CORN: The corn crop is projected at 15.0 billion bushels, up from last year on higher area and a return to trend yield.  The yield projection of 179.5 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather. Total corn suppl...

wheat

WASDE Wheat

WHEAT:  The initial outlook for 2021/22 U.S. wheat is for smaller supplies, higher domestic use, lower exports, and reduced stocks.  Supplies are projected down 3 percent from 2020/21 on lower carry-in stocks offsetting higher production and imports.  All wheat production is proj...

feed-grains soy-oilseeds wheat

Market Commentary: Unsurprising Surprise

Today’s USDA WASDE report was not what the trade thought, and yet it was not caught flat-footed. To some degree this is because years of guessing wrong on what USDA will say, it simply takes it as another observation point and not necessarily the Bible. This was reinforced by the fact tha...

Border Tax Rationalized; Stimulus Leakage; Inflation and Environment

Border Tax Rationalized There are both economic and geopolitical reasons being presented for why the G-7 (U.S., Canada, EU, and Japan) should pursue a common carbon border measure. The first is that it is not in Europe’s interest to go it alone. Brussels could sanctimoniously claim itself...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock China’s Live Hog Producers Confront the Scissors Effect Record feed costs, historically high piglet prices, biosafety costs, and declining live hog and pork prices have created the dreaded scissors effect for many hog producers. The scissors effect, a term from corporate finance...

feed-grains soy-oilseeds wheat

Market Commentary: End-Users Bid CBOT Higher Ahead of WASDE

The CBOT started the day lower with continued fund liquidation in the major ag commodities. End-users, however, stepped up and offered support at key technical levels, which allowed the markets to firm and rally into the close. Soybeans were the upside leader for the day, buoyed by new contract...

feed-grains soy-oilseeds wheat

Market Commentary: Correct(ion)!

The CBOT ended sharply lower on Monday with corn and wheat leading the downside move. Both markets had achieved strongly overbought levels last week and were ripe for a corrective selloff. Funds were net sellers as they pare positions ahead of this week’s WASDE report. Most analysts expec...

feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

Corn Argentina  Argentina’s weather has been ideal for harvesting but farmers are still focused on soybeans. This week’s corn harvest progress was just 3.2 percent, compared to more than 20 percent for soybeans. With last week’s progress, farmers have harvested 23 percent...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Favorable rains forecast for Europe in the coming week will aid winter crop development and help recently planted spring crops establish and germinate. Rains are badly needed across the UK and most of western Europe while scattered showers across eastern Europe and Ukraine w...

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