WASDE Corn
U.S. corn outlook is for greater feed and residual use, increased corn used for ethanol production, larger exports, and lower ending stocks. Corn used to produce ethanol is raised 25 million bushels and exports are increased 75 million bushels. The season-average farm price is unchanged at $4.3...
FOB Prices and Freight Rate App (Updated 8 April)
Ocean Freight Comments - 8 April 2021 By Jay O'Neil Commodity Consulting Following the crazy price action of the first quarter of 2021, dry-bulk markets have considerable rebalancing to do. Over the past three months, markets have been highly unusual whereby the smaller Handysize, and up to Pa...
Interactive Ocean Freight Rates (Updated 8 April)
Ocean Freight Comments - 8 April 2021 By Jay O'Neil Commodity Consulting Following the crazy price action of the first quarter of 2021, dry-bulk markets have considerable rebalancing to do. Over the past three months, markets have been highly unusual whereby the smaller Handysize, and up to...
You Will Buy This
The Livestock Environmental Assessment and Performance Partnership (LEAP) claims that pro-environment “ecolabels” are more appealing to shoppers. Meanwhile, Compassion in World Farming says consumers are willing to pay more for animal products with grown humanely labeling. Dispassio...
Picking a Venue; Defund the CAP; NBT Protectionism
Picking a Venue There are real risks to the American economy from Mexico’s ban on GM corn for food and glyphosate. While most corn sold to Mexico is for animal feed and theoretically exempt, a small percentage of field corn goes into making cereal, corn starch, corn oil, and corn syrup th...
Climate Change and Irrigation
According to a study in the journal Environmental Research Letters, the adverse impact from heat and drought over the past 50 years in Europe have tripled crop losses from 2.2 percent to 7.3 percent. The impacts have been higher for row crops such as grains used to feed livestock. This is likel...
European Market Analysis
Regional News Russia calculated and published its official grain export duty rates on Monday. Effective 2 April 2021, the benchmark prices and tariffs are as follow: Wheat: benchmark price of $281/80/MT, implying an export duty of $57.20/MT Corn benchmark price of $242.60/MT, imply...
Camel’s Nose; Technology and Sustainability; Limits of Sanctions
Camel’s Nose USDA Secretary Tom Vilsack appeared to discount Mexico’s plan to ban glyphosate and GMO corn by saying it would not affect U.S. feed corn being shipped south. However, the U.S. ships a certain amount of white corn to Mexico for human consumption and, more importantly, M...
European Market Analysis
Regional News Last week, the International Grains Council (IGC) pegged the 2020/21 world grain production forecast at 2,224 MMT, up 9 MMT from the prior estimates. The IGC also pegged 2021/22 production at 2,287 MMT - a record high that is 63 MMT above the current year’s forecast. O...
Carbon War Uncertainties; Organic “Sales” Job
Carbon War Uncertainties USDA Climate Advisor Robert Bonnie is an enthusiastic cheerleader for agriculture both leading and benefiting from the effort to control carbon emissions. He acknowledges that it is not going to be easy, that there are numerous technical issues to resolve, yet somehow s...
Legacy Support; Implausible Sino-Russian Economics; Dual Quality, Not
Legacy Support There are about 15 staple crops from which most calories are derived, and yet public financial support is centered around a relatively small number of these crops. Part of the reason for this is legacy from a period when the food supply was less certain and so governments subsidi...
Border Trouble; More Border Trouble; Infrastructure Time Trouble
Border Trouble The Biden Administration’s management of a flood of children across the southern border is receiving the media attention but U.S. agriculture groups have other complaints emanating from the south. Agriculture groups sent a letter to new U.S. Trade Representative Katherine T...
WASDE Corn
U.S. corn outlook is for greater feed and residual use, increased corn used for ethanol production, larger exports, and lower ending stocks. Corn used to produce ethanol is raised 25 million bushels and exports are increased 75 million bushels. The season-average farm price is unchanged at $4.3...
FOB Prices and Freight Rate App (Updated 8 April)
Ocean Freight Comments - 8 April 2021 By Jay O'Neil Commodity Consulting Following the crazy price action of the first quarter of 2021, dry-bulk markets have considerable rebalancing to do. Over the past three months, markets have been highly unusual whereby the smaller Handysize, and up to Pa...
Interactive Ocean Freight Rates (Updated 8 April)
Ocean Freight Comments - 8 April 2021 By Jay O'Neil Commodity Consulting Following the crazy price action of the first quarter of 2021, dry-bulk markets have considerable rebalancing to do. Over the past three months, markets have been highly unusual whereby the smaller Handysize, and up to...
You Will Buy This
The Livestock Environmental Assessment and Performance Partnership (LEAP) claims that pro-environment “ecolabels” are more appealing to shoppers. Meanwhile, Compassion in World Farming says consumers are willing to pay more for animal products with grown humanely labeling. Dispassio...
Picking a Venue; Defund the CAP; NBT Protectionism
Picking a Venue There are real risks to the American economy from Mexico’s ban on GM corn for food and glyphosate. While most corn sold to Mexico is for animal feed and theoretically exempt, a small percentage of field corn goes into making cereal, corn starch, corn oil, and corn syrup th...
Climate Change and Irrigation
According to a study in the journal Environmental Research Letters, the adverse impact from heat and drought over the past 50 years in Europe have tripled crop losses from 2.2 percent to 7.3 percent. The impacts have been higher for row crops such as grains used to feed livestock. This is likel...
European Market Analysis
Regional News Russia calculated and published its official grain export duty rates on Monday. Effective 2 April 2021, the benchmark prices and tariffs are as follow: Wheat: benchmark price of $281/80/MT, implying an export duty of $57.20/MT Corn benchmark price of $242.60/MT, imply...
Camel’s Nose; Technology and Sustainability; Limits of Sanctions
Camel’s Nose USDA Secretary Tom Vilsack appeared to discount Mexico’s plan to ban glyphosate and GMO corn by saying it would not affect U.S. feed corn being shipped south. However, the U.S. ships a certain amount of white corn to Mexico for human consumption and, more importantly, M...
European Market Analysis
Regional News Last week, the International Grains Council (IGC) pegged the 2020/21 world grain production forecast at 2,224 MMT, up 9 MMT from the prior estimates. The IGC also pegged 2021/22 production at 2,287 MMT - a record high that is 63 MMT above the current year’s forecast. O...
Carbon War Uncertainties; Organic “Sales” Job
Carbon War Uncertainties USDA Climate Advisor Robert Bonnie is an enthusiastic cheerleader for agriculture both leading and benefiting from the effort to control carbon emissions. He acknowledges that it is not going to be easy, that there are numerous technical issues to resolve, yet somehow s...
Legacy Support; Implausible Sino-Russian Economics; Dual Quality, Not
Legacy Support There are about 15 staple crops from which most calories are derived, and yet public financial support is centered around a relatively small number of these crops. Part of the reason for this is legacy from a period when the food supply was less certain and so governments subsidi...
Border Trouble; More Border Trouble; Infrastructure Time Trouble
Border Trouble The Biden Administration’s management of a flood of children across the southern border is receiving the media attention but U.S. agriculture groups have other complaints emanating from the south. Agriculture groups sent a letter to new U.S. Trade Representative Katherine T...