World Perspectives

Recent Russia Analysis

wheat

WASDE Wheat

Wheat – USDA left U.S. wheat supply and demand outlook unchanged.   The 2020/21 global wheat outlook is for higher stocks - supplies were raised 3.3 million tons as higher production in Australia and Canada more than offset a smaller crop in Argentina. On net, global 2020/21 pro...

wheat

U.S. Wheat’s Uncertain Future

During the past two decades one of the most important U.S. agricultural crop production trends has been the movement of corn and soybean plantings into traditional wheat production areas of the western and northern Plains. Kansas, Nebraska, and the Dakotas have now become important producers of...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies; Corn and Soybeans Look for Direction

The CBOT opened higher with support coming from USDA daily “flash” export sales announcements. Corn and soybeans started to weaken by mid-morning, however, and finished the day with a relatively lackluster performance. Wheat, on the other hand, posted another day of double-digit gai...

feed-grains soy-oilseeds wheat

Market Commentary - Torn Between Factors

The CBOT was mixed to start the week with corn and soybeans posting lackluster days. The wheat market continued last week’s strength early in the session but quickly found selling pressure that created bearish signals on the charts. Funds were modest net buyers in corn and soybeans while...

feed-grains soy-oilseeds wheat

Market Commentary: Big Event Next Week

Trading is bracketed by bearish crop yields and passable weather on one side, and reasonable demand on the other. The former prevailed today in corn, soy and beef, the latter got the better in wheat and pig meat. White House economic advisor Larry Kudlow said China’s buying looks good, bu...

feed-grains soy-oilseeds wheat

Market Commentary: Day of Regrets

Yesterday’s bump in the market was because USDA’s WASDE report was not as bearish as feared. Today’s jump is harder to explain - it seems miscalculated. Some say it was based on the prevented planting acres data, but the World Agricultural Outlook Board would have had those nu...

wheat

WASDE Wheat

USDA raised U.S. wheat production 14 million bushels to 1,838 million as increased Hard Red Spring (HRS) and Durum production more than offsets lower winter wheat production as indicated by the NASS August 12 Crop Production report.  Projected 2020/21 exports are raised 25 million bushels...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was mixed with corn and soybeans higher on short-covering and fundamental support heading into Wednesday’s WASDE. End-users were net buyers in corn and funds covered some of their short position as well. Soybeans posted 4-6 cent gains as the market bounced from technical support...

feed-grains soy-oilseeds wheat

Market Commentary: Weaker into the Weekend

The CBOT was sharply weaker heading into the weekend with many contracts posting new contract lows. September corn, December soymeal, and the first five listed HRW and MGEX wheat contracts all posted fresh contract lows. Soybeans, while far from contract lows, still posted a strongly bearish cl...

feed-grains soy-oilseeds wheat

How Big is Big?

One might say that grain and soy futures markets are a function of relative sizes.  Fundamentally, their prices are moved by how big or small crop production may be, by how large or how limited demand may be and by the size of each year’s ending stocks. Said another way, the fundamen...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 27-31 July 2020 Wheat prices grew in the European part of the domestic Russian market and decreased in the Ural regions and Siberia. Milling rye prices decreased. Corn prices kept growing. Feed barley prices moved in different directions. Meanwhile, on the export market m...

feed-grains soy-oilseeds wheat

Market Commentary: Commodity Collapse

The CBOT was sharply weaker for the second trading day in August. Continued excellent or improving spring crop conditions and private firm forecasts of record corn and soybean yields sparked widespread selling. Corn dipped to new contract lows – as did HRW wheat – while SRW wheat an...

wheat

WASDE Wheat

Wheat – USDA left U.S. wheat supply and demand outlook unchanged.   The 2020/21 global wheat outlook is for higher stocks - supplies were raised 3.3 million tons as higher production in Australia and Canada more than offset a smaller crop in Argentina. On net, global 2020/21 pro...

wheat

U.S. Wheat’s Uncertain Future

During the past two decades one of the most important U.S. agricultural crop production trends has been the movement of corn and soybean plantings into traditional wheat production areas of the western and northern Plains. Kansas, Nebraska, and the Dakotas have now become important producers of...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies; Corn and Soybeans Look for Direction

The CBOT opened higher with support coming from USDA daily “flash” export sales announcements. Corn and soybeans started to weaken by mid-morning, however, and finished the day with a relatively lackluster performance. Wheat, on the other hand, posted another day of double-digit gai...

feed-grains soy-oilseeds wheat

Market Commentary - Torn Between Factors

The CBOT was mixed to start the week with corn and soybeans posting lackluster days. The wheat market continued last week’s strength early in the session but quickly found selling pressure that created bearish signals on the charts. Funds were modest net buyers in corn and soybeans while...

feed-grains soy-oilseeds wheat

Market Commentary: Big Event Next Week

Trading is bracketed by bearish crop yields and passable weather on one side, and reasonable demand on the other. The former prevailed today in corn, soy and beef, the latter got the better in wheat and pig meat. White House economic advisor Larry Kudlow said China’s buying looks good, bu...

feed-grains soy-oilseeds wheat

Market Commentary: Day of Regrets

Yesterday’s bump in the market was because USDA’s WASDE report was not as bearish as feared. Today’s jump is harder to explain - it seems miscalculated. Some say it was based on the prevented planting acres data, but the World Agricultural Outlook Board would have had those nu...

wheat

WASDE Wheat

USDA raised U.S. wheat production 14 million bushels to 1,838 million as increased Hard Red Spring (HRS) and Durum production more than offsets lower winter wheat production as indicated by the NASS August 12 Crop Production report.  Projected 2020/21 exports are raised 25 million bushels...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was mixed with corn and soybeans higher on short-covering and fundamental support heading into Wednesday’s WASDE. End-users were net buyers in corn and funds covered some of their short position as well. Soybeans posted 4-6 cent gains as the market bounced from technical support...

feed-grains soy-oilseeds wheat

Market Commentary: Weaker into the Weekend

The CBOT was sharply weaker heading into the weekend with many contracts posting new contract lows. September corn, December soymeal, and the first five listed HRW and MGEX wheat contracts all posted fresh contract lows. Soybeans, while far from contract lows, still posted a strongly bearish cl...

feed-grains soy-oilseeds wheat

How Big is Big?

One might say that grain and soy futures markets are a function of relative sizes.  Fundamentally, their prices are moved by how big or small crop production may be, by how large or how limited demand may be and by the size of each year’s ending stocks. Said another way, the fundamen...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 27-31 July 2020 Wheat prices grew in the European part of the domestic Russian market and decreased in the Ural regions and Siberia. Milling rye prices decreased. Corn prices kept growing. Feed barley prices moved in different directions. Meanwhile, on the export market m...

feed-grains soy-oilseeds wheat

Market Commentary: Commodity Collapse

The CBOT was sharply weaker for the second trading day in August. Continued excellent or improving spring crop conditions and private firm forecasts of record corn and soybean yields sparked widespread selling. Corn dipped to new contract lows – as did HRW wheat – while SRW wheat an...

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