Southeast Europe Regional Analysis
Milling Wheat Domestic prices in Russia were up $2-5/MT last week and are now $15-23/MT (1,000-5,000 rubles/MT) higher versus early August. Exports from there already total approximately 16 MMT since the start of the campaign and will reach 20 MMT by mid-November at the current pace. The govern...
ASEM Reality; Derivative Oversight; Glyphobiasate
ASEM Reality EU Foreign Affairs Commissioner Federica Mogherini says this week’s Asia-Europe Meeting (ASEM) to promote liberalized trade and climate change reduction was not an anti-Trump meeting, although she clearly instigated the agenda. The fact remains that except for Australia and N...
Market Commentary
Overnight markets finished with slight losses in corn and wheat but minor gains in soybeans on very light trading volume. Today’s session saw wheat make some 4-5 cent gains early with corn and soybeans lower. There was a report that President Trump and President Jinping will try to meet j...
New Trade Deals Proposed; Cattle on Feed Pre-Report Estimates
New Trade Deals Proposed This week the U.S. Trade Representative (USTR) notified Congress of the administration’s intent to negotiate new trade agreements with Japan, the EU, and the UK. The notification is part of the statutory requirement under the Trade Promotion Authority (TPA) grante...
Competitiveness and Climate; U.S.-EU Meltdown; Meat Tax
Competitiveness and Climate Switzerland has dominated the Global Competitiveness Index over the past decade with Singapore and Northern European countries not far behind (see graph below). Assembled by the World Economic Forum, the index this year put the U.S. in the number one position for the...
Market Commentary
Markets were lower overnight following yesterday’s declines, and they slipped a bit more after the weekly export sales report was released 15 minutes before that session closed. Corn and soybean exports sales were much lower than expected, but wheat sales were at the high end of the expec...
The Global Productivity Gap
The Global Harvest Initiative is a non-profit organization founded in 2009 by DuPont, ADM, Monsanto and John Deere. Its purpose is to advance policies, research and agricultural practices that will increase world agricultural productivity through collaborative efforts by private organizations w...
Market Commentary
Price action in overnight trading and again during the day session can best be described as dull. Volume was low, and price movement was subdued. The corn market managed to trade a 3-cent range on both sides of Tuesday’s close before the December contract settled down a penny with most de...
Awkward Trade Talks; Chemical Takes; Happy Pills Needed
Awkward Trade Talks The Trump administration formally notified the U.S. Congress today of its intent to enter trade negotiations with Japan, the EU and the UK. The announcement is notable given the following viewpoints of the other governments: The Abe government in Tokyo is being dragged into...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Due to the risk of avian flu and increased incidences in both poultry and people, the government of Egypt has decided to enforce the 2009 law that bans the transportation or sale of live birds; only licensed slaughterhouses are allowed to tran...
Wheat Update; Bullish World Corn Numbers
Last Friday we updated our view of the tightening world wheat situation and how that will eventually force the wheat market to rally. It was noted in different market commentaries this morning that wheat prices in Australia have been steadily separating themselves from world prices. The result...
U.S. Activists versus Mexican Leaders; Coopt versus Alienate
U.S. Activists versus Mexican Leaders Karen Hansen-Kuhn of the U.S.-based Institute for Agriculture and Trade Policy (IATP), a gadfly anti-trade group, says that the new USMCA agreement to update NAFTA will shaft Mexican agriculture. The charge is notable because this was not a concern listed b...
Southeast Europe Regional Analysis
Milling Wheat Domestic prices in Russia were up $2-5/MT last week and are now $15-23/MT (1,000-5,000 rubles/MT) higher versus early August. Exports from there already total approximately 16 MMT since the start of the campaign and will reach 20 MMT by mid-November at the current pace. The govern...
ASEM Reality; Derivative Oversight; Glyphobiasate
ASEM Reality EU Foreign Affairs Commissioner Federica Mogherini says this week’s Asia-Europe Meeting (ASEM) to promote liberalized trade and climate change reduction was not an anti-Trump meeting, although she clearly instigated the agenda. The fact remains that except for Australia and N...
Market Commentary
Overnight markets finished with slight losses in corn and wheat but minor gains in soybeans on very light trading volume. Today’s session saw wheat make some 4-5 cent gains early with corn and soybeans lower. There was a report that President Trump and President Jinping will try to meet j...
New Trade Deals Proposed; Cattle on Feed Pre-Report Estimates
New Trade Deals Proposed This week the U.S. Trade Representative (USTR) notified Congress of the administration’s intent to negotiate new trade agreements with Japan, the EU, and the UK. The notification is part of the statutory requirement under the Trade Promotion Authority (TPA) grante...
Competitiveness and Climate; U.S.-EU Meltdown; Meat Tax
Competitiveness and Climate Switzerland has dominated the Global Competitiveness Index over the past decade with Singapore and Northern European countries not far behind (see graph below). Assembled by the World Economic Forum, the index this year put the U.S. in the number one position for the...
Market Commentary
Markets were lower overnight following yesterday’s declines, and they slipped a bit more after the weekly export sales report was released 15 minutes before that session closed. Corn and soybean exports sales were much lower than expected, but wheat sales were at the high end of the expec...
The Global Productivity Gap
The Global Harvest Initiative is a non-profit organization founded in 2009 by DuPont, ADM, Monsanto and John Deere. Its purpose is to advance policies, research and agricultural practices that will increase world agricultural productivity through collaborative efforts by private organizations w...
Market Commentary
Price action in overnight trading and again during the day session can best be described as dull. Volume was low, and price movement was subdued. The corn market managed to trade a 3-cent range on both sides of Tuesday’s close before the December contract settled down a penny with most de...
Awkward Trade Talks; Chemical Takes; Happy Pills Needed
Awkward Trade Talks The Trump administration formally notified the U.S. Congress today of its intent to enter trade negotiations with Japan, the EU and the UK. The announcement is notable given the following viewpoints of the other governments: The Abe government in Tokyo is being dragged into...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Due to the risk of avian flu and increased incidences in both poultry and people, the government of Egypt has decided to enforce the 2009 law that bans the transportation or sale of live birds; only licensed slaughterhouses are allowed to tran...
Wheat Update; Bullish World Corn Numbers
Last Friday we updated our view of the tightening world wheat situation and how that will eventually force the wheat market to rally. It was noted in different market commentaries this morning that wheat prices in Australia have been steadily separating themselves from world prices. The result...
U.S. Activists versus Mexican Leaders; Coopt versus Alienate
U.S. Activists versus Mexican Leaders Karen Hansen-Kuhn of the U.S.-based Institute for Agriculture and Trade Policy (IATP), a gadfly anti-trade group, says that the new USMCA agreement to update NAFTA will shaft Mexican agriculture. The charge is notable because this was not a concern listed b...