World Perspectives

Recent Europe Analysis

FOB Prices and Freight Rate App (Updated 29 Sept.)

Ocean Freight Comments - 29 September 2022 By Jay O'Neil Commodity Consulting It was another week of trying, but failing, to rally in dry-bulk markets. Dry-bulk freight markets made a valent effort to move higher but could not find physical support. Vessel owners’ hopes for better values...

Interactive Ocean Freight Rates (Updated 29 Sept.)

Ocean Freight Comments - 29 September 2022 By Jay O'Neil Commodity Consulting It was another week of trying, but failing, to rally in dry-bulk markets. Dry-bulk freight markets made a valent effort to move higher but could not find physical support. Vessel owners’ hopes for better values...

feed-grains soy-oilseeds wheat

Market Commentary: Two-Sided CBOT Trade Amid Macro-Market Volatility

The CBOT saw two-sided trade on Wednesday that was again heavily influenced by macro markets. Early weakness took corn and soybean futures below major technical support points, only to have those losses pared or reversed when the Bank of England announced a bond-buying program to stabilize the...

Undermining Justice; Slothful Process; Oilseed Apartheid

Undermining Justice The U.S. Justice Department announced it was dismissing two more price fixing cases against poultry companies. This follows two other cases dismissed last month, and not guilty verdicts by jury against five other defendants that constituted the agency’s third failed at...

wheat

WASDE Wheat

USDA’s outlook for the domestic wheat crop in 2022/23 in unchanged in the September WASDE. The projected 2022/23 seasonal average farm price is lowered $0.25 per bushel to $9.00 – which is still a record. The estimate for global supplies was increase by 3.6 million tons to 1,059.6 m...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Bounces on Light Volume Before Long Weekend; Cattle Rally on Post-Holiday Demand Outlook

The CBOT bounced higher heading into the long, holiday weekend, but trading volume was anemic as many traders apparently decided to head home for a four-day weekend. Corn, wheat, and the soy complex all traded higher for the day but did little to change their major chart directions. Funds were...

Separation of Church and State; Scholz Encourages Trump

Separation of Church and State USDA announced a $300 million program to assist farmers in certifying organic. The agency notes that for years, organic has been the fastest-growing segment of grocery sales, but the number of farms transitioning to organic production dropped by nearly 71 percent...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soybeans Pare Gains While Waiting for Iowa, Illinois Yield Estimates

CBOT corn and wheat gave back most or all of Tuesday’s gains as the latest weather forecasts offer better chances of rain and cooler weather heading into September. The weather shift will be particularly beneficial for soybeans but will also aid some of the last yield development in corn...

feed-grains soy-oilseeds wheat

Market Commentary: Bad Day for Wheat

It was a somewhat volatile open but there was one certainty – wheat was going down. Joined by soyoil. Lower wheat weighed on corn, which hung on for a small gain. The story remains one of better weather and not much else to talk about, except shipments of grain out of Ukraine are occurrin...

Cold, Hungry Winter

Europe is facing an energy crisis this coming winter and the food situation could be bad as well. This summer’s drought, reduced corn and sunflower oil imports from Ukraine, and the fact that energy prices are tied to food could make for an equally bad situation. This is exacerbated by th...

feed-grains wheat soy-oilseeds

European Market Analysis

Regional News The Ukrainian government announced last week that, after a review of its new grain export corridors, it expects to export 3 MMT of grain monthly from the Black Sea. It expects to reach that volume by early September.  Algeria secured 700 KMT of wheat last week at a price of...

feed-grains wheat soy-oilseeds

European Market Analysis

Regional News  Perhaps the biggest news in the world – and especially Black Sea – grain markets is Monday’s shipment of 26 KMT of corn from Ukraine via the Black Sea. This is the first sea-based export of grain by Ukraine since Russia invaded the country in February 2022...

FOB Prices and Freight Rate App (Updated 29 Sept.)

Ocean Freight Comments - 29 September 2022 By Jay O'Neil Commodity Consulting It was another week of trying, but failing, to rally in dry-bulk markets. Dry-bulk freight markets made a valent effort to move higher but could not find physical support. Vessel owners’ hopes for better values...

Interactive Ocean Freight Rates (Updated 29 Sept.)

Ocean Freight Comments - 29 September 2022 By Jay O'Neil Commodity Consulting It was another week of trying, but failing, to rally in dry-bulk markets. Dry-bulk freight markets made a valent effort to move higher but could not find physical support. Vessel owners’ hopes for better values...

feed-grains soy-oilseeds wheat

Market Commentary: Two-Sided CBOT Trade Amid Macro-Market Volatility

The CBOT saw two-sided trade on Wednesday that was again heavily influenced by macro markets. Early weakness took corn and soybean futures below major technical support points, only to have those losses pared or reversed when the Bank of England announced a bond-buying program to stabilize the...

Undermining Justice; Slothful Process; Oilseed Apartheid

Undermining Justice The U.S. Justice Department announced it was dismissing two more price fixing cases against poultry companies. This follows two other cases dismissed last month, and not guilty verdicts by jury against five other defendants that constituted the agency’s third failed at...

wheat

WASDE Wheat

USDA’s outlook for the domestic wheat crop in 2022/23 in unchanged in the September WASDE. The projected 2022/23 seasonal average farm price is lowered $0.25 per bushel to $9.00 – which is still a record. The estimate for global supplies was increase by 3.6 million tons to 1,059.6 m...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Bounces on Light Volume Before Long Weekend; Cattle Rally on Post-Holiday Demand Outlook

The CBOT bounced higher heading into the long, holiday weekend, but trading volume was anemic as many traders apparently decided to head home for a four-day weekend. Corn, wheat, and the soy complex all traded higher for the day but did little to change their major chart directions. Funds were...

Separation of Church and State; Scholz Encourages Trump

Separation of Church and State USDA announced a $300 million program to assist farmers in certifying organic. The agency notes that for years, organic has been the fastest-growing segment of grocery sales, but the number of farms transitioning to organic production dropped by nearly 71 percent...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soybeans Pare Gains While Waiting for Iowa, Illinois Yield Estimates

CBOT corn and wheat gave back most or all of Tuesday’s gains as the latest weather forecasts offer better chances of rain and cooler weather heading into September. The weather shift will be particularly beneficial for soybeans but will also aid some of the last yield development in corn...

feed-grains soy-oilseeds wheat

Market Commentary: Bad Day for Wheat

It was a somewhat volatile open but there was one certainty – wheat was going down. Joined by soyoil. Lower wheat weighed on corn, which hung on for a small gain. The story remains one of better weather and not much else to talk about, except shipments of grain out of Ukraine are occurrin...

Cold, Hungry Winter

Europe is facing an energy crisis this coming winter and the food situation could be bad as well. This summer’s drought, reduced corn and sunflower oil imports from Ukraine, and the fact that energy prices are tied to food could make for an equally bad situation. This is exacerbated by th...

feed-grains wheat soy-oilseeds

European Market Analysis

Regional News The Ukrainian government announced last week that, after a review of its new grain export corridors, it expects to export 3 MMT of grain monthly from the Black Sea. It expects to reach that volume by early September.  Algeria secured 700 KMT of wheat last week at a price of...

feed-grains wheat soy-oilseeds

European Market Analysis

Regional News  Perhaps the biggest news in the world – and especially Black Sea – grain markets is Monday’s shipment of 26 KMT of corn from Ukraine via the Black Sea. This is the first sea-based export of grain by Ukraine since Russia invaded the country in February 2022...

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