Return to Managed Trade
Critics of the trade deal signed today between the U.S. and China lament President Trump’s policy tilt toward “managed trade.” Trump Administration officials resigned themselves that if they could not compel China (and other countries) into greater market orientation, they wou...
Southeast Europe Regional Analysis
Regional News Weather conditions in Bulgaria turned negative for winter crops last week. After a warmer-than-normal December and first week of January, last week saw significantly colder temperatures amid low soil moisture availability. The combination of dry and cold conditions has kept winter...
WASDE Wheat
USDA’s outlook for 2019/20 U.S. wheat is for stable supplies, increased feed and residual use, and lower stocks. Ending stocks are now projected at 965 million bushels, down 9 million from the previous report. The season-average farm price is unchanged at $4.55 per bushel.&nbs...
Market Commentary
If one was looking for the January WASDE to spark a directional change in the commodity markets, the day was surely disappointing. The day started off as called with continued buying in wheat and light profit taking in soyoil. Funds were selling corn heading into the report and pushed the marke...
Southeast Europe Regional Analysis
Regional News Western Europe faced wet conditions for much of the fall/early winter, but that trend may be changing. The 15-day precipitation anomaly shows a drying trend for Spain, France, Italy, and the UK. Parts of eastern Europe received above-average precipitation during the past two weeks...
The Decade’s Biggest Commodity Stories
With the 2010 decade drawing to a close, there is value in looking back at what major developments occurred. The value is derived both from a reminiscent, “remember when?” standpoint and from teachable, real-life examples of the interplay between supply and demand. After all, &ldquo...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Morocco has announced that the duty on durum and soft wheat imports will be suspended from 1 January - 30 April 2020. This is being done to “ensure a regular supply of wheat and to maintain price stability”. Trade experts say that...
Future of Meat
The think tank RethinkX issued a report with a 24-word, 166-character title predicting the end of the conventional meat industry by 2030. Entitled, ‘Rethinking Food and Agriculture 2020-2030: The Second Domestication of Plants and Animals, the Disruption of the Cow, and the Collapse of In...
Market Commentary
Higher soyoil prices defined post-Christmas trade early in the day but rising wheat values caught the market’s attention by the end. Palm oil futures were higher overnight, which helped soyoil gap open and jump to new highs for the move. Buy soyoil/sell meal trade developed and soyoil str...
Southeast Europe Regional Analysis
Regional News The weather across Europe remains broadly favorable for winter crop development this next week, except for continued heavy rains across Western France and Spain. The 8-14-day forecast returns to more normal rainfall and temperatures, however. The weather remains similarly favorabl...
Southeast Europe Regional Analysis
Regional News The weather for Southeast Europe and the Black Sea remains broadly favorable for crop development. In Romania, there is an absence of significant frost/freeze worries while moisture remains near normal. In Bulgaria, above average temperatures and improving soil moisture conditions...
Black Sea Regional Analysis
Russian Grain Markets: 24-29 November 2019 Russian grain prices fluctuated but didn’t change significantly. Wheat prices in Siberia decreased moderately as demand from Kazakhstan weakened. As for export prices, the average milling wheat price grew to $210/MT FOB Black Sea. Purchase prices...
Return to Managed Trade
Critics of the trade deal signed today between the U.S. and China lament President Trump’s policy tilt toward “managed trade.” Trump Administration officials resigned themselves that if they could not compel China (and other countries) into greater market orientation, they wou...
Southeast Europe Regional Analysis
Regional News Weather conditions in Bulgaria turned negative for winter crops last week. After a warmer-than-normal December and first week of January, last week saw significantly colder temperatures amid low soil moisture availability. The combination of dry and cold conditions has kept winter...
WASDE Wheat
USDA’s outlook for 2019/20 U.S. wheat is for stable supplies, increased feed and residual use, and lower stocks. Ending stocks are now projected at 965 million bushels, down 9 million from the previous report. The season-average farm price is unchanged at $4.55 per bushel.&nbs...
Market Commentary
If one was looking for the January WASDE to spark a directional change in the commodity markets, the day was surely disappointing. The day started off as called with continued buying in wheat and light profit taking in soyoil. Funds were selling corn heading into the report and pushed the marke...
Southeast Europe Regional Analysis
Regional News Western Europe faced wet conditions for much of the fall/early winter, but that trend may be changing. The 15-day precipitation anomaly shows a drying trend for Spain, France, Italy, and the UK. Parts of eastern Europe received above-average precipitation during the past two weeks...
The Decade’s Biggest Commodity Stories
With the 2010 decade drawing to a close, there is value in looking back at what major developments occurred. The value is derived both from a reminiscent, “remember when?” standpoint and from teachable, real-life examples of the interplay between supply and demand. After all, &ldquo...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Morocco has announced that the duty on durum and soft wheat imports will be suspended from 1 January - 30 April 2020. This is being done to “ensure a regular supply of wheat and to maintain price stability”. Trade experts say that...
Future of Meat
The think tank RethinkX issued a report with a 24-word, 166-character title predicting the end of the conventional meat industry by 2030. Entitled, ‘Rethinking Food and Agriculture 2020-2030: The Second Domestication of Plants and Animals, the Disruption of the Cow, and the Collapse of In...
Market Commentary
Higher soyoil prices defined post-Christmas trade early in the day but rising wheat values caught the market’s attention by the end. Palm oil futures were higher overnight, which helped soyoil gap open and jump to new highs for the move. Buy soyoil/sell meal trade developed and soyoil str...
Southeast Europe Regional Analysis
Regional News The weather across Europe remains broadly favorable for winter crop development this next week, except for continued heavy rains across Western France and Spain. The 8-14-day forecast returns to more normal rainfall and temperatures, however. The weather remains similarly favorabl...
Southeast Europe Regional Analysis
Regional News The weather for Southeast Europe and the Black Sea remains broadly favorable for crop development. In Romania, there is an absence of significant frost/freeze worries while moisture remains near normal. In Bulgaria, above average temperatures and improving soil moisture conditions...
Black Sea Regional Analysis
Russian Grain Markets: 24-29 November 2019 Russian grain prices fluctuated but didn’t change significantly. Wheat prices in Siberia decreased moderately as demand from Kazakhstan weakened. As for export prices, the average milling wheat price grew to $210/MT FOB Black Sea. Purchase prices...