Parting Ways – The Strategy
The U.S. Food & Drug Administration issued its first regulatory guidance on genetically engineered crops in 1992 and by 1996 the first DNA modified seeds were going into the ground. European activists hated the idea. Called it Frankenfood and warned that the technology would lead to Armaged...
FOB Prices and Freight Rate App (Updated 2 June)
Update for 2 June 2020: Prices updated through the day's close. Freight Comments for 28 May 2020: Jay O’Neil, O’Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market star...
Interactive Ocean Freight Rates (Updated 2 June)
Data Updated Through: 2 June 2020 Ocean Freight Insights and Comments - 28 May 2020 By Jay O'Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market started at exceptionally low level...
Market Commentary
The most significant development in today’s CBOT trade is that soybeans finished with only quarter-cent losses despite rumors of a cessation in Chinese purchases. The markets opened higher on Sunday night but found selling pressure in the wee hours of the morning as Bloomberg reported tha...
China on Imports from U.S.; Hogan’s Hero
China on Imports from U.S. The trade is said to be confused. There are conflicting reports with one stating that Beijing has ordered state-owned enterprises Cofco and Sinograin to suspend purchases of U.S. agricultural commodities with soybeans and pork mentioned, and other reports that private...
European Market Analysis
Regional News After an amazingly dry spring, rains are forecast to return to Europe this week and next. The GFS model projects meaningful rainfall for southern France and Germany, as well as broad coverage across Southeast Europe. The UK is expected to remain dry in the coming week, but t...
Transatlantic Split on China
The U.S. was joined by Canada, the UK and Australia in condemning China’s accession of Hong Kong, but not the EU. President Trump charged Beijing with violating its treaty commitment to an autonomous Hong Kong until 2047. He announced punitive measures, including the start of a process of...
Governance Challenges
The EU may reach agreement on a €750 billion package of grants and loans that boasts of a “green component” to further the bloc’s contribution toward fighting climate change. That component is €30 billion, or 4 percent of the total. There is also €40 billion to...
Oilseed Highlights: Argentine Soy; U.S.- China Friction; Indian Vegoil Tariffs; EU Rapeseed
Argentine Farmers Continue to Reduce Soybean Sales Argentina’s farmers continue to hold back on selling their new crop of soybeans and selling less of their old crop compared to a year ago. Instead of selling they are holding on to their crop in expectation of a devaluation of the Argenti...
Hong Kong is Trouble; EU Mugs the FAANG’s; Kenya’s Burdens
Hong Kong is Trouble Under a requirement from Congress, U.S. Secretary of State Mike Pompeo notified that Hong Kong was no longer autonomous from China. The announcement is in response to Beijing’s imposition of national security legislation on Hong Kong this week, but it has much larger...
Market Commentary
The CBOT opened higher Monday night and continued that trend into Tuesday morning with export rumors and macroeconomic developments supporting values. Corn and soybeans were the early upside leaders, but eventual spread trade left the corn market to fade this afternoon while soybeans maintained...
Let Them Have Meat
Most of the top ten beef producing countries around the world have increased production over the past decade except for two, the EU and Australia. Australia has had some issues with drought, but domestic consumption has also dropped in these two markets. In fact, consumption in Australia has dr...
Parting Ways – The Strategy
The U.S. Food & Drug Administration issued its first regulatory guidance on genetically engineered crops in 1992 and by 1996 the first DNA modified seeds were going into the ground. European activists hated the idea. Called it Frankenfood and warned that the technology would lead to Armaged...
FOB Prices and Freight Rate App (Updated 2 June)
Update for 2 June 2020: Prices updated through the day's close. Freight Comments for 28 May 2020: Jay O’Neil, O’Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market star...
Interactive Ocean Freight Rates (Updated 2 June)
Data Updated Through: 2 June 2020 Ocean Freight Insights and Comments - 28 May 2020 By Jay O'Neil Commodity Consulting Baltic Dry-Bulk indices jumped 7-10 percent this week. That sounds like a big improvement, but one must recognize that the market started at exceptionally low level...
Market Commentary
The most significant development in today’s CBOT trade is that soybeans finished with only quarter-cent losses despite rumors of a cessation in Chinese purchases. The markets opened higher on Sunday night but found selling pressure in the wee hours of the morning as Bloomberg reported tha...
China on Imports from U.S.; Hogan’s Hero
China on Imports from U.S. The trade is said to be confused. There are conflicting reports with one stating that Beijing has ordered state-owned enterprises Cofco and Sinograin to suspend purchases of U.S. agricultural commodities with soybeans and pork mentioned, and other reports that private...
European Market Analysis
Regional News After an amazingly dry spring, rains are forecast to return to Europe this week and next. The GFS model projects meaningful rainfall for southern France and Germany, as well as broad coverage across Southeast Europe. The UK is expected to remain dry in the coming week, but t...
Transatlantic Split on China
The U.S. was joined by Canada, the UK and Australia in condemning China’s accession of Hong Kong, but not the EU. President Trump charged Beijing with violating its treaty commitment to an autonomous Hong Kong until 2047. He announced punitive measures, including the start of a process of...
Governance Challenges
The EU may reach agreement on a €750 billion package of grants and loans that boasts of a “green component” to further the bloc’s contribution toward fighting climate change. That component is €30 billion, or 4 percent of the total. There is also €40 billion to...
Oilseed Highlights: Argentine Soy; U.S.- China Friction; Indian Vegoil Tariffs; EU Rapeseed
Argentine Farmers Continue to Reduce Soybean Sales Argentina’s farmers continue to hold back on selling their new crop of soybeans and selling less of their old crop compared to a year ago. Instead of selling they are holding on to their crop in expectation of a devaluation of the Argenti...
Hong Kong is Trouble; EU Mugs the FAANG’s; Kenya’s Burdens
Hong Kong is Trouble Under a requirement from Congress, U.S. Secretary of State Mike Pompeo notified that Hong Kong was no longer autonomous from China. The announcement is in response to Beijing’s imposition of national security legislation on Hong Kong this week, but it has much larger...
Market Commentary
The CBOT opened higher Monday night and continued that trend into Tuesday morning with export rumors and macroeconomic developments supporting values. Corn and soybeans were the early upside leaders, but eventual spread trade left the corn market to fade this afternoon while soybeans maintained...
Let Them Have Meat
Most of the top ten beef producing countries around the world have increased production over the past decade except for two, the EU and Australia. Australia has had some issues with drought, but domestic consumption has also dropped in these two markets. In fact, consumption in Australia has dr...