Market Commentary: CBOT Chops Sideways; Wheat Firmer on Russian Troop Movement; Hogs Fall on Weak Cash Prices
The CBOT traded mostly lower to start the week with soymeal dragging soybeans lower, despite a slight rise in soyoil futures. Corn rebounded from the day’s lows and settled just ½-cent lower and held to its recent trading range. Political uncertainty regarding Russia’s troop...
Market Commentary: Corn, Soy Rally on South American Forecast; Wheat Falls on Russia Export Rumors
Summer row crops rallied on the CBOT Friday while wheat futures turned lower on expectations that near-term Russian exports will increase substantially. Rumors that Russia may implement a wheat export quota starting in February led to speculation that the country’s exporters will try to f...
Energy and Food Lessons; Implications of Ukraine; Omicron Buys WTO Time
Energy and Food Lessons Energy and food prices are spiking at the same time policy reform advocates are seeking wholesale changes in the production of both resources. Already policymakers in Europe are having to consider using more natural gas and nuclear energy than originally envisioned in th...
Market Commentary: Wheat Leads CBOT Rally; Cattle Higher After Neutral On Feed Report
CBOT futures were higher to start the week with wheat leading the rally. Drought in the U.S. Plains, too much rain in eastern Australia, and geopolitical concerns in the Black Sea all combined to drive Paris, Australian, CBOT and KCBT wheat futures to new contract highs. Corn was pulled higher...
Russia's Wheat Export Tax
Russia has exploded as a wheat exporter, tripling its sales in just a decade. By contrast, domestic consumption grew some but has been relatively stagnant the past few years. That has because the population has grown at just 0.15 percent per year and is forecast to fall going forward. Sensitive...
Market Commentary: Soymeal Rally Leads CBOT; Brazil Approves GM Wheat Flour; China Likely Buyer of U.S. Soy
The CBOT ended sharply higher for the day with soymeal – surprisingly enough – leading the way higher. Soymeal futures posted a massive bullish rally that triggered buy-stops and technical buying along the way. The strength in soymeal pulled soybeans higher, which in turn supported...
Competitive Wheat Suppliers
Global wheat bids and offers were more closely aligned at the beginning of 2021 and then splintered as Northern Hemisphere crops became available in the May/June timeframe. By July, wheat supplies from all origins began their trek upward as the tightening global stocks situation became more app...
Market Commentary: Defying the Calls
The market opened as called but the grains could not be held down for long. By mid-session corn and wheat were back held aloft by trusting bulls despite an underwhelming Export Sales report and several other factors urging caution. These include continued lack of Chinese demand, expectations of...
Notable TFP Changes
U.S. Secretary for Agriculture Tom Vilsack and EU Agriculture Commissioner Janusz Wojciechowski will be on the stage together next week at the Forum for the Future of Agriculture & Farm Europe. Mr. Vilsack has taken the position that increasing productivity is the pathway to sustainability...
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...
Market Commentary: Soy Complex Higher on China Buying Rumors, Soymeal Short Covering; Grains End Mixed
The CBOT was mixed Tuesday with wheat leading the way higher overnight but with the day session seeing increased weakness in grains while oilseeds rallied. Chinese buying is rumored to be underpinning the soy complex, but no fresh daily export sales announcements have been made. Canadian and Eu...
Market Commentary: Putin Pressures Energies; CBOT Ends Mixed; Commercials Book Soymeal
The CBOT was mixed in low-volume trade with corn and soybeans turning lower while wheat traded a volatile day and ended slightly higher. Energy markets were weaker, which pressured soyoil and soybeans, but commercial users took the recent break in soymeal to book physical needs. The October WAS...
Market Commentary: CBOT Chops Sideways; Wheat Firmer on Russian Troop Movement; Hogs Fall on Weak Cash Prices
The CBOT traded mostly lower to start the week with soymeal dragging soybeans lower, despite a slight rise in soyoil futures. Corn rebounded from the day’s lows and settled just ½-cent lower and held to its recent trading range. Political uncertainty regarding Russia’s troop...
Market Commentary: Corn, Soy Rally on South American Forecast; Wheat Falls on Russia Export Rumors
Summer row crops rallied on the CBOT Friday while wheat futures turned lower on expectations that near-term Russian exports will increase substantially. Rumors that Russia may implement a wheat export quota starting in February led to speculation that the country’s exporters will try to f...
Energy and Food Lessons; Implications of Ukraine; Omicron Buys WTO Time
Energy and Food Lessons Energy and food prices are spiking at the same time policy reform advocates are seeking wholesale changes in the production of both resources. Already policymakers in Europe are having to consider using more natural gas and nuclear energy than originally envisioned in th...
Market Commentary: Wheat Leads CBOT Rally; Cattle Higher After Neutral On Feed Report
CBOT futures were higher to start the week with wheat leading the rally. Drought in the U.S. Plains, too much rain in eastern Australia, and geopolitical concerns in the Black Sea all combined to drive Paris, Australian, CBOT and KCBT wheat futures to new contract highs. Corn was pulled higher...
Russia's Wheat Export Tax
Russia has exploded as a wheat exporter, tripling its sales in just a decade. By contrast, domestic consumption grew some but has been relatively stagnant the past few years. That has because the population has grown at just 0.15 percent per year and is forecast to fall going forward. Sensitive...
Market Commentary: Soymeal Rally Leads CBOT; Brazil Approves GM Wheat Flour; China Likely Buyer of U.S. Soy
The CBOT ended sharply higher for the day with soymeal – surprisingly enough – leading the way higher. Soymeal futures posted a massive bullish rally that triggered buy-stops and technical buying along the way. The strength in soymeal pulled soybeans higher, which in turn supported...
Competitive Wheat Suppliers
Global wheat bids and offers were more closely aligned at the beginning of 2021 and then splintered as Northern Hemisphere crops became available in the May/June timeframe. By July, wheat supplies from all origins began their trek upward as the tightening global stocks situation became more app...
Market Commentary: Defying the Calls
The market opened as called but the grains could not be held down for long. By mid-session corn and wheat were back held aloft by trusting bulls despite an underwhelming Export Sales report and several other factors urging caution. These include continued lack of Chinese demand, expectations of...
Notable TFP Changes
U.S. Secretary for Agriculture Tom Vilsack and EU Agriculture Commissioner Janusz Wojciechowski will be on the stage together next week at the Forum for the Future of Agriculture & Farm Europe. Mr. Vilsack has taken the position that increasing productivity is the pathway to sustainability...
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...
Market Commentary: Soy Complex Higher on China Buying Rumors, Soymeal Short Covering; Grains End Mixed
The CBOT was mixed Tuesday with wheat leading the way higher overnight but with the day session seeing increased weakness in grains while oilseeds rallied. Chinese buying is rumored to be underpinning the soy complex, but no fresh daily export sales announcements have been made. Canadian and Eu...
Market Commentary: Putin Pressures Energies; CBOT Ends Mixed; Commercials Book Soymeal
The CBOT was mixed in low-volume trade with corn and soybeans turning lower while wheat traded a volatile day and ended slightly higher. Energy markets were weaker, which pressured soyoil and soybeans, but commercial users took the recent break in soymeal to book physical needs. The October WAS...