WASDE Wheat
USDA’s outlook for 2021/22 U.S. wheat this month is for reduced supplies, slightly higher domestic use, unchanged exports, and decreased ending stocks. Projected 2021/22 ending stocks are reduced 12 million bushels to 615 million and are 27 percent below last year and the lowest in...
Market Commentary: CBOT Mixed Despite China, Mexico Buying; Cattle Rally to New Highs
The CBOT started the week higher with some bargain hunting and short covering after last week’s steep selloff. Bulls were unable to hold onto most of those gains, however, and corn finished in the red despite confirmed and rumored export news. Soybeans and wheat fared better, setting a fe...
WASDE Wheat
2021/22 world wheat is projected to decline 16.8 million tons to 1,065.7 million, primarily on lower production for Russia, Canada, and the United States. Partially offsetting these reductions are production increases for Ukraine and Australia. Ukraine is raised to a record 33.0 mil...
Market Commentary: Known Unknowns
The market traded today on a little bit of what it knows, and a little bit on what it speculates to be happening. Since it is hard to believe that weeks of high heat and low moisture in the western periphery of the U.S. production belt will not have the same impact it had on crops earlier this...
Where China and Russia Differ; Inflation/Infrastructure
Where China and Russia Differ U.S. President Joe Biden calls China a “most serious competitor” and dismisses Russia as having nothing but nuclear weapons and oil wells, but it is more complex than that. Ian Bremmer of the EurAsia Group suggests looking at Mr. Biden’s actions m...
More Duties on Fertilizer
On 30 June, the U.S. Department of Commerce (DOC) received a petition to impose countervailing duties (CVD) and anti-dumping duties (AD) on imports of urea ammonium nitrate solutions (UAN) from Russia and Trinidad and Tobago. Commerce is proceeding with the investigation on imports from 1 Janua...
WASDE Wheat
USDA’s July outlook for U.S. wheat in 2021/22 is for reduced supplies, lower domestic use and exports, and decreased ending stocks. Supplies are lowered on reduced wheat production and beginning stocks. All wheat production is lowered 152 million bushels to 1,746 million. ...
Name Calling One; Name Calling Two; China’s Self-Limitations; Value of Imports; Traitor to the Cause
Name Calling One Slammed by the lower cost of related catfish subspecies imported from Vietnam and China, U.S. catfish farmers have tried various approaches to reduce the competition. They threw AD/CVD duties at the imported fish, they lobbied the government to prevent the imported fish from be...
Black Sea Regional Analysis
Russian Grain Markets: 7-11 June 2021 Russian domestic grain markets have heard the first trumpets of the new crop approach. However, bearish sentiments are already here while harvest may be slightly delayed due to a late spring. The bear has been moving slowly but steadily north and now Black...
European Market Analysis
Regional News Europe’s weather is trending pleasantly warmer after a cool start to the growing season. Temperatures will be above normal for most of western and central Europe this week with rainfall limited to Spain, Italy, and parts of southeast Europe. The weather trend is a welc...
Market Commentary: Hot Weather Leads to Hot Markets
The CBOT finished the week on a high note with funds and speculative traders buying heading into a weekend that is forecast to be hot and dry for the U.S. December corn posted a technical upside breakout while old crop corn, soybeans, and wheat moved towards the high side of their new trading r...
Market Commentary: CBOT Rallies on Dry Weather; Cattle Collapse on Cyber Security Risks
The CBOT opened sharply higher on Tuesday following a long, holiday weekend that saw U.S. weather forecasts deteriorate significantly. Spring wheat (Minneapolis) futures led the market higher (how many times do you actually get to say that?) as the worsening drought in the northern Plains is pl...
WASDE Wheat
USDA’s outlook for 2021/22 U.S. wheat this month is for reduced supplies, slightly higher domestic use, unchanged exports, and decreased ending stocks. Projected 2021/22 ending stocks are reduced 12 million bushels to 615 million and are 27 percent below last year and the lowest in...
Market Commentary: CBOT Mixed Despite China, Mexico Buying; Cattle Rally to New Highs
The CBOT started the week higher with some bargain hunting and short covering after last week’s steep selloff. Bulls were unable to hold onto most of those gains, however, and corn finished in the red despite confirmed and rumored export news. Soybeans and wheat fared better, setting a fe...
WASDE Wheat
2021/22 world wheat is projected to decline 16.8 million tons to 1,065.7 million, primarily on lower production for Russia, Canada, and the United States. Partially offsetting these reductions are production increases for Ukraine and Australia. Ukraine is raised to a record 33.0 mil...
Market Commentary: Known Unknowns
The market traded today on a little bit of what it knows, and a little bit on what it speculates to be happening. Since it is hard to believe that weeks of high heat and low moisture in the western periphery of the U.S. production belt will not have the same impact it had on crops earlier this...
Where China and Russia Differ; Inflation/Infrastructure
Where China and Russia Differ U.S. President Joe Biden calls China a “most serious competitor” and dismisses Russia as having nothing but nuclear weapons and oil wells, but it is more complex than that. Ian Bremmer of the EurAsia Group suggests looking at Mr. Biden’s actions m...
More Duties on Fertilizer
On 30 June, the U.S. Department of Commerce (DOC) received a petition to impose countervailing duties (CVD) and anti-dumping duties (AD) on imports of urea ammonium nitrate solutions (UAN) from Russia and Trinidad and Tobago. Commerce is proceeding with the investigation on imports from 1 Janua...
WASDE Wheat
USDA’s July outlook for U.S. wheat in 2021/22 is for reduced supplies, lower domestic use and exports, and decreased ending stocks. Supplies are lowered on reduced wheat production and beginning stocks. All wheat production is lowered 152 million bushels to 1,746 million. ...
Name Calling One; Name Calling Two; China’s Self-Limitations; Value of Imports; Traitor to the Cause
Name Calling One Slammed by the lower cost of related catfish subspecies imported from Vietnam and China, U.S. catfish farmers have tried various approaches to reduce the competition. They threw AD/CVD duties at the imported fish, they lobbied the government to prevent the imported fish from be...
Black Sea Regional Analysis
Russian Grain Markets: 7-11 June 2021 Russian domestic grain markets have heard the first trumpets of the new crop approach. However, bearish sentiments are already here while harvest may be slightly delayed due to a late spring. The bear has been moving slowly but steadily north and now Black...
European Market Analysis
Regional News Europe’s weather is trending pleasantly warmer after a cool start to the growing season. Temperatures will be above normal for most of western and central Europe this week with rainfall limited to Spain, Italy, and parts of southeast Europe. The weather trend is a welc...
Market Commentary: Hot Weather Leads to Hot Markets
The CBOT finished the week on a high note with funds and speculative traders buying heading into a weekend that is forecast to be hot and dry for the U.S. December corn posted a technical upside breakout while old crop corn, soybeans, and wheat moved towards the high side of their new trading r...
Market Commentary: CBOT Rallies on Dry Weather; Cattle Collapse on Cyber Security Risks
The CBOT opened sharply higher on Tuesday following a long, holiday weekend that saw U.S. weather forecasts deteriorate significantly. Spring wheat (Minneapolis) futures led the market higher (how many times do you actually get to say that?) as the worsening drought in the northern Plains is pl...