Hey Phil Hogan, How’s the New Job Going?
New EU Trade Commissioner Phil Hogan was in Washington this week for a sort of baptism by fire. On top of foreign policy tensions like Iran and security issues like NATO funding, there are economic issues like trade. The U.S. has imposed tariffs on imports from the EU under the WTO Airbus...
Martin Luther King Day
Please note that Monday, 20 January is a U.S. federal holiday in honor of the remarkable achievements of Martin Luther King, Jr. As a result, both the markets and World Perspectives, Inc. are closed that day. The next Ag Perspectives report will be issued the following day, 21 January. ...
Market Commentary
Note that the CBOT markets will be closed on Monday, 20 January 2020 for the Martin Luther King Jr. holiday. The CBOT traded another volatile day with corn erasing yesterday’s steep losses and wheat, soybeans, and soyoil all finishing higher as well. Rumors of Chinese corn and sorgh...
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...
Transatlantic Miscalculations
Analysts say that Mr. Trump settled on a partial economic deal with China in order to smooth his path to reelection. In that agreement’s aftermath, the markets are now priced for continued economic growth. This raises doubts that 2020 is the year when he presents a major trade challenge t...
Summary of Futures
Mar 20 Corn closed at $3.8925/bushel, up $0.1375 from yesterday's close. Mar 20 Wheat closed at $5.705/bushel, up $0.0525 from yesterday's close. Mar 20 Soybeans closed at $9.2975/bushel, up $0.0575 from yesterday's close. Mar 20 Soymeal closed at $300.6/short ton, up $0 from...
Growing Chinese Dairy Market
Reflecting the rapid growth of China’s dairy import needs, albeit from a small base, the new economic agreement between Beijing and Washington includes market access requirements intended to grow the trade. As is common throughout the agreement, the U.S. commits to working on removing its...
PM Post - Corn Bear Trap?
THE OPEN March beans: 2 1/4 lower March meal: .20 lower March soyoil: 25 lower March corn: 2 1/2 higher March wheat: 1 higher The markets opened as called, though more weakness was noted for the soy complex at the start of the day. Grains recovered, led by co...
FOB Prices and Freight Rate App (Updated 17 January)
Update for 17 January 2020: All other routes/offers updated through the day's close. Freight Comments for 16 January 2020: Jay O’Neil, O’Neil Commodity Consulting Panamax Dry-Bulk markets got a little bonce this week as paper traders believe they saw a buying opportun...
Interactive Ocean Freight Rates (Updated 17 January)
Data Updated Through: 17 January 2020 Ocean Freight Insights and Comments - 16 January 2020 By Jay O'Neil Commodity Consulting Panamax Dry-Bulk markets got a little bonce this week as paper traders believe they saw a buying opportunity. Capesize markets, however, are still struggling,...
Technical Views - Nowhere to go but Sideways
SPREADS March crush trades to 1.00c/bu while oilshare is lower, trading down to 35.22%. July/Nov beans trade out to 5 1/2c from 5c, while March/May trades from 13c to 13 1/4c. March/May meal widens out to $4.60 from $4.50. March wheat /corn strengthens to 1.90 1/2c from 1.87 3...
AM Outlook - Beans Down, Corn Sideways
GOOD MORNING, It'a a long weekend with markets closed for the Martin Luther King Holiday on Monday, January 20. Grains are firmer this morning while the soy complex is mixed. Wheat continues to see support from rising world values, and funds continue buying on a strong technical upt...
Hey Phil Hogan, How’s the New Job Going?
New EU Trade Commissioner Phil Hogan was in Washington this week for a sort of baptism by fire. On top of foreign policy tensions like Iran and security issues like NATO funding, there are economic issues like trade. The U.S. has imposed tariffs on imports from the EU under the WTO Airbus...
Martin Luther King Day
Please note that Monday, 20 January is a U.S. federal holiday in honor of the remarkable achievements of Martin Luther King, Jr. As a result, both the markets and World Perspectives, Inc. are closed that day. The next Ag Perspectives report will be issued the following day, 21 January. ...
Market Commentary
Note that the CBOT markets will be closed on Monday, 20 January 2020 for the Martin Luther King Jr. holiday. The CBOT traded another volatile day with corn erasing yesterday’s steep losses and wheat, soybeans, and soyoil all finishing higher as well. Rumors of Chinese corn and sorgh...
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...
Transatlantic Miscalculations
Analysts say that Mr. Trump settled on a partial economic deal with China in order to smooth his path to reelection. In that agreement’s aftermath, the markets are now priced for continued economic growth. This raises doubts that 2020 is the year when he presents a major trade challenge t...
Summary of Futures
Mar 20 Corn closed at $3.8925/bushel, up $0.1375 from yesterday's close. Mar 20 Wheat closed at $5.705/bushel, up $0.0525 from yesterday's close. Mar 20 Soybeans closed at $9.2975/bushel, up $0.0575 from yesterday's close. Mar 20 Soymeal closed at $300.6/short ton, up $0 from...
Growing Chinese Dairy Market
Reflecting the rapid growth of China’s dairy import needs, albeit from a small base, the new economic agreement between Beijing and Washington includes market access requirements intended to grow the trade. As is common throughout the agreement, the U.S. commits to working on removing its...
PM Post - Corn Bear Trap?
THE OPEN March beans: 2 1/4 lower March meal: .20 lower March soyoil: 25 lower March corn: 2 1/2 higher March wheat: 1 higher The markets opened as called, though more weakness was noted for the soy complex at the start of the day. Grains recovered, led by co...
FOB Prices and Freight Rate App (Updated 17 January)
Update for 17 January 2020: All other routes/offers updated through the day's close. Freight Comments for 16 January 2020: Jay O’Neil, O’Neil Commodity Consulting Panamax Dry-Bulk markets got a little bonce this week as paper traders believe they saw a buying opportun...
Interactive Ocean Freight Rates (Updated 17 January)
Data Updated Through: 17 January 2020 Ocean Freight Insights and Comments - 16 January 2020 By Jay O'Neil Commodity Consulting Panamax Dry-Bulk markets got a little bonce this week as paper traders believe they saw a buying opportunity. Capesize markets, however, are still struggling,...
Technical Views - Nowhere to go but Sideways
SPREADS March crush trades to 1.00c/bu while oilshare is lower, trading down to 35.22%. July/Nov beans trade out to 5 1/2c from 5c, while March/May trades from 13c to 13 1/4c. March/May meal widens out to $4.60 from $4.50. March wheat /corn strengthens to 1.90 1/2c from 1.87 3...
AM Outlook - Beans Down, Corn Sideways
GOOD MORNING, It'a a long weekend with markets closed for the Martin Luther King Holiday on Monday, January 20. Grains are firmer this morning while the soy complex is mixed. Wheat continues to see support from rising world values, and funds continue buying on a strong technical upt...