World Perspectives

Recent North America Analysis

livestock

Cattle on Feed

Cattle and calves on feed for the slaughter market in the U.S. was 1 percent below October 1, 2020.  Placements in feedlots during September totaled 2.16 million head, 3 percent below 2020.  Marketings of fed cattle during September totaled 1.79 million head, 3 percent below 2020. Oth...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on ADM Delivery Receipt Cancellation; Soy Complex Under Pressure

The CBOT was mixed to end the week with wheat surging to new highs and helping put a bid under corn futures as well. The soy complex was weaker due to soyoil, which was pulled lower after Malaysian palm oil futures posted a huge reversal Thursday.  The biggest reason for the KCBT rally was...

feed-grains wheat soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

livestock

Cattle on Feed: Surprise (Kind of, but Not Really) on Placements

USDA released its monthly Cattle on Feed report today showing a total inventory of cattle and calves in feed yards of 11.6 million head on 1 October. That was in-line with pre-report expectations and is the second highest October inventory on record – last year was the highest. Marketings...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.38/bushel, up $0.0575 from yesterday's close.  Dec 21 Wheat closed at $7.56/bushel, up $0.1475 from yesterday's close.  Nov 21 Soybeans closed at $12.205/bushel, down $0.035 from yesterday's close.  Dec 21 Soymeal closed at $327.4/short ton, up $3.4 from...

Sustainability Impacts; Sustainability Lingo

Sustainability Impacts Policymakers brandishing climate change and sustainability as their objectives may find adverse impacts hitting their home markets harder. Part of the mantra that is supposedly better for the environment is short supply chains. Using policy to shorten supply chains rather...

livestock

Shifting Protein Consumption

By far, Americans consume more animal protein than either China or the EU, but the composition is different. The Chinese and Europeans consume more pork per capita than the U.S., while Americans eat more beef and poultry. However, the composition of animal protein in the diet has changed in bo...

FOB Prices and Freight Rate App (Updated 22 October)

Ocean Freight Comments - 21 October 2021 By Jay O'Neil Commodity Consulting Volatility is the one constant in dry-bulk markets, and I have no doubts about it continuing through the next year or more. The global fleet is insufficient to meet growing market needs – especially those of China...

Interactive Ocean Freight Rates (Updated 22 October)

Ocean Freight Comments - 21 October 2021 By Jay O'Neil Commodity Consulting Volatility is the one constant in dry-bulk markets, and I have no doubts about it continuing through the next year or more. The global fleet is insufficient to meet growing market needs – especially those of China...

feed-grains soy-oilseeds wheat

Market Commentary: Downside of Up

Markets have their ups and downs and today was the downside of up. After pretty much adding points for the last several days, today was a modest correction.  There were macro influences such as oil pressed lower and the dollar higher. Equities were mixed, with the Dow dragged lower by sin...

livestock

Livestock Round Up: Cattle on Feed Preview

Tomorrow USDA will release the monthly Cattle on Feed report. Analysts’ pre-report estimates peg the total number of cattle on feed as of 1 October at 99 percent of a year ago. The range of estimates was between 98 and 100 percent. The implied inventory of cattle on feed would be 11.6 mil...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.3225/bushel, down $0.07 from yesterday's close.  Dec 21 Wheat closed at $7.4125/bushel, down $0.08 from yesterday's close.  Nov 21 Soybeans closed at $12.24/bushel, down $0.215 from yesterday's close.  Dec 21 Soymeal closed at $324/short ton, down $4.4 fr...

livestock

Cattle on Feed

Cattle and calves on feed for the slaughter market in the U.S. was 1 percent below October 1, 2020.  Placements in feedlots during September totaled 2.16 million head, 3 percent below 2020.  Marketings of fed cattle during September totaled 1.79 million head, 3 percent below 2020. Oth...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on ADM Delivery Receipt Cancellation; Soy Complex Under Pressure

The CBOT was mixed to end the week with wheat surging to new highs and helping put a bid under corn futures as well. The soy complex was weaker due to soyoil, which was pulled lower after Malaysian palm oil futures posted a huge reversal Thursday.  The biggest reason for the KCBT rally was...

feed-grains wheat soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

livestock

Cattle on Feed: Surprise (Kind of, but Not Really) on Placements

USDA released its monthly Cattle on Feed report today showing a total inventory of cattle and calves in feed yards of 11.6 million head on 1 October. That was in-line with pre-report expectations and is the second highest October inventory on record – last year was the highest. Marketings...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.38/bushel, up $0.0575 from yesterday's close.  Dec 21 Wheat closed at $7.56/bushel, up $0.1475 from yesterday's close.  Nov 21 Soybeans closed at $12.205/bushel, down $0.035 from yesterday's close.  Dec 21 Soymeal closed at $327.4/short ton, up $3.4 from...

Sustainability Impacts; Sustainability Lingo

Sustainability Impacts Policymakers brandishing climate change and sustainability as their objectives may find adverse impacts hitting their home markets harder. Part of the mantra that is supposedly better for the environment is short supply chains. Using policy to shorten supply chains rather...

livestock

Shifting Protein Consumption

By far, Americans consume more animal protein than either China or the EU, but the composition is different. The Chinese and Europeans consume more pork per capita than the U.S., while Americans eat more beef and poultry. However, the composition of animal protein in the diet has changed in bo...

FOB Prices and Freight Rate App (Updated 22 October)

Ocean Freight Comments - 21 October 2021 By Jay O'Neil Commodity Consulting Volatility is the one constant in dry-bulk markets, and I have no doubts about it continuing through the next year or more. The global fleet is insufficient to meet growing market needs – especially those of China...

Interactive Ocean Freight Rates (Updated 22 October)

Ocean Freight Comments - 21 October 2021 By Jay O'Neil Commodity Consulting Volatility is the one constant in dry-bulk markets, and I have no doubts about it continuing through the next year or more. The global fleet is insufficient to meet growing market needs – especially those of China...

feed-grains soy-oilseeds wheat

Market Commentary: Downside of Up

Markets have their ups and downs and today was the downside of up. After pretty much adding points for the last several days, today was a modest correction.  There were macro influences such as oil pressed lower and the dollar higher. Equities were mixed, with the Dow dragged lower by sin...

livestock

Livestock Round Up: Cattle on Feed Preview

Tomorrow USDA will release the monthly Cattle on Feed report. Analysts’ pre-report estimates peg the total number of cattle on feed as of 1 October at 99 percent of a year ago. The range of estimates was between 98 and 100 percent. The implied inventory of cattle on feed would be 11.6 mil...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.3225/bushel, down $0.07 from yesterday's close.  Dec 21 Wheat closed at $7.4125/bushel, down $0.08 from yesterday's close.  Nov 21 Soybeans closed at $12.24/bushel, down $0.215 from yesterday's close.  Dec 21 Soymeal closed at $324/short ton, down $4.4 fr...

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