World Perspectives

Recent North America Analysis

feed-grains soy-oilseeds wheat

Market Commentary: Defensive into the Holiday

With crops in short supply and weather far from perfect, traders did not want to be short corn, wheat, and soybeans going into a three-day hiatus in trading. While today’s gains were modest, July soybeans ended the week up 27 cents, while July corn is down 1.5 cents, and July SRW lost 11...

USDA Offers Early Termination of CRP Contracts

Yesterday, USDA announced that farmers in their last year of Conservation Reserve Program (CRP) contracts can opt out early this year. About 3.4 million acres expire this year, and a little more than half, call it 1.7 million, made bids to re-enroll. Overall continuous sign up for CRP has enrol...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 22 Corn closed at $7.7725/bushel, up $0.1225 from yesterday's close.  Jul 22 Wheat closed at $11.575/bushel, up $0.1425 from yesterday's close.  Jul 22 Soybeans closed at $17.3225/bushel, up $0.0575 from yesterday's close.  Jul 22 Soymeal closed at $432.3/short ton, up $4.1 f...

Middle Kingdom Approach; Friday Snippets

Middle Kingdom Approach U.S. Secretary of State Antony Blinken articulated the Biden Administration’s policy toward China in a highly nuanced fashion. The key point is that the U.S. does not envision a new Cold War, but rather welcomes competition and wants to mold China into following th...

soy-oilseeds

Oilseeds Highlights: Troubles and Opportunities

Troubled Northern Beans There are nearly weekly reports of new U.S. soybean crushing plants being built to accommodate the policy-driven demand for renewable diesel. If not for the policy, it is unlikely that two new plants would be built in North Dakota where currently 90 percent of the beans...

feed-grains soy-oilseeds wheat

Market Commentary: Truth Telling and Caution

An overly cautious market let go of the tease that Russia might negotiate the exit of Ukrainian grain. Vladimir Putin cannot abide the UN’s wishes because it would betray his contention that it is Western sanctions that are causing the food security problem. There was also some positionin...

livestock

Livestock Round Up: GIPSA Rules 2.0

USDA’s Ag Marketing Service Packers and Stockyards Division (PSD) released a draft of the first of three proposed rules today: Transparency in Poultry Grower Contracting and Tournaments, aka the “tournament pricing rule.”  Two more rules, covering livestock and poultry, a...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 22 Corn closed at $7.65/bushel, down $0.0725 from yesterday's close.  Jul 22 Wheat closed at $11.4325/bushel, down $0.05 from yesterday's close.  Jul 22 Soybeans closed at $17.265/bushel, up $0.455 from yesterday's close.  Jul 22 Soymeal closed at $428.2/short ton, up $4 from...

Bark Worse than Bite; Unprotecting Plants; ESG Slowly Joining Carbon

Bark Worse than Bite The Biden Administration has proposed new rules for poultry companies to be more transparent with growers about the number of chicks they will grow including a minimum, and the feed that will be used. Moreover, USDA commits to review claims from growers. Under the tournamen...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales for May 13-19, 2022. Wheat:  Net sales reductions of 2,300 metric tons (MT) for 2021/2022--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average.  Corn:  Net sales of 151,600 MT for 2021/2022--a marketing-year low--were d...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls Early on Russian Propaganda, Recovers to End Near Day’s High

The CBOT turned lower again on Wednesday with wheat leading the way on headlines that Russia may establish export corridors for Ukrainian grain/ag products. Russia’s Deputy Foreign Minister indicated the country is talking with the UN on potential food export corridors in the Black Sea, w...

IPEF Missing Link; Sac Mixte; Inflation and Reconciliation

IPEF Missing Link The Biden Administration’s Indo-Pacific Economic Framework (IPEF) is a set of laudable goals, but it lacks the traditional grease by which agreements on weighty matters come to fruition. The grease is economic benefit, be it via increased access to the large American mar...

feed-grains soy-oilseeds wheat

Market Commentary: Defensive into the Holiday

With crops in short supply and weather far from perfect, traders did not want to be short corn, wheat, and soybeans going into a three-day hiatus in trading. While today’s gains were modest, July soybeans ended the week up 27 cents, while July corn is down 1.5 cents, and July SRW lost 11...

USDA Offers Early Termination of CRP Contracts

Yesterday, USDA announced that farmers in their last year of Conservation Reserve Program (CRP) contracts can opt out early this year. About 3.4 million acres expire this year, and a little more than half, call it 1.7 million, made bids to re-enroll. Overall continuous sign up for CRP has enrol...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 22 Corn closed at $7.7725/bushel, up $0.1225 from yesterday's close.  Jul 22 Wheat closed at $11.575/bushel, up $0.1425 from yesterday's close.  Jul 22 Soybeans closed at $17.3225/bushel, up $0.0575 from yesterday's close.  Jul 22 Soymeal closed at $432.3/short ton, up $4.1 f...

Middle Kingdom Approach; Friday Snippets

Middle Kingdom Approach U.S. Secretary of State Antony Blinken articulated the Biden Administration’s policy toward China in a highly nuanced fashion. The key point is that the U.S. does not envision a new Cold War, but rather welcomes competition and wants to mold China into following th...

soy-oilseeds

Oilseeds Highlights: Troubles and Opportunities

Troubled Northern Beans There are nearly weekly reports of new U.S. soybean crushing plants being built to accommodate the policy-driven demand for renewable diesel. If not for the policy, it is unlikely that two new plants would be built in North Dakota where currently 90 percent of the beans...

feed-grains soy-oilseeds wheat

Market Commentary: Truth Telling and Caution

An overly cautious market let go of the tease that Russia might negotiate the exit of Ukrainian grain. Vladimir Putin cannot abide the UN’s wishes because it would betray his contention that it is Western sanctions that are causing the food security problem. There was also some positionin...

livestock

Livestock Round Up: GIPSA Rules 2.0

USDA’s Ag Marketing Service Packers and Stockyards Division (PSD) released a draft of the first of three proposed rules today: Transparency in Poultry Grower Contracting and Tournaments, aka the “tournament pricing rule.”  Two more rules, covering livestock and poultry, a...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 22 Corn closed at $7.65/bushel, down $0.0725 from yesterday's close.  Jul 22 Wheat closed at $11.4325/bushel, down $0.05 from yesterday's close.  Jul 22 Soybeans closed at $17.265/bushel, up $0.455 from yesterday's close.  Jul 22 Soymeal closed at $428.2/short ton, up $4 from...

Bark Worse than Bite; Unprotecting Plants; ESG Slowly Joining Carbon

Bark Worse than Bite The Biden Administration has proposed new rules for poultry companies to be more transparent with growers about the number of chicks they will grow including a minimum, and the feed that will be used. Moreover, USDA commits to review claims from growers. Under the tournamen...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales for May 13-19, 2022. Wheat:  Net sales reductions of 2,300 metric tons (MT) for 2021/2022--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average.  Corn:  Net sales of 151,600 MT for 2021/2022--a marketing-year low--were d...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls Early on Russian Propaganda, Recovers to End Near Day’s High

The CBOT turned lower again on Wednesday with wheat leading the way on headlines that Russia may establish export corridors for Ukrainian grain/ag products. Russia’s Deputy Foreign Minister indicated the country is talking with the UN on potential food export corridors in the Black Sea, w...

IPEF Missing Link; Sac Mixte; Inflation and Reconciliation

IPEF Missing Link The Biden Administration’s Indo-Pacific Economic Framework (IPEF) is a set of laudable goals, but it lacks the traditional grease by which agreements on weighty matters come to fruition. The grease is economic benefit, be it via increased access to the large American mar...

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