China In-Country Analysis
Livestock African Swine Fever Continues to Run Rampant Despite quarantines, incentives to cull herds impacted by sick animals, and harsh penalties administered to officials committing fraud, new cases of African swine fever (ASF) have continued to appear across China with outbreaks reported in...
WASDE Wheat
USDA’s November estimate for the 2018/19 U.S. wheat crop are unchanged this month, and total use is raised 7 million bushels on higher seed use that reflects increased projected 2019/20 wheat planted area. Food use is unchanged based on the latest NASS Flour Milling Products report, issue...
Demand Destruction
The anguish among U.S. agricultural producers over the U.S. trade disputes with China and, particularly, the latter’s retaliatory tariffs on their soybeans, grains, pork and other products is understandably strong. Soybean farmers planted a record amount of acreage last spring in anticipa...
Market Commentary
It may be Halloween, but grain and soy markets carefully stayed away from anything scary or spooky today. Overnight trade saw prices stuck in narrow ranges. Corn and wheat were slightly lower, but soybeans were up a couple of cents at the break for breakfast. Wheat and soybean prices then moved...
Oilseed Highlights: Russian Soybean Production; Chinese Concern with Brazil’s Bolsonaro; U.S. Soy Export Sales
Russia Expects to Double Soybean Production by 2023 Russia’s Ministry of Agriculture predicts soybean production there will double from 4 MMT in 2018 to 8 MMT in 2023, which compares with only 2 MMT five years ago. The country wants to expand domestic production to reduce imports and boos...
Market Commentary
Overnight trading volume seemed slightly higher than has been usual recently, but price action for grain and soy futures markets was muted nevertheless. Corn prices held around unchanged, and wheat was fractionally lower. Most of the action occurred in the soy complex as overnight selling pushe...
Market Commentary
Markets were lower overnight following yesterday’s declines, and they slipped a bit more after the weekly export sales report was released 15 minutes before that session closed. Corn and soybean exports sales were much lower than expected, but wheat sales were at the high end of the expec...
Market Commentary
Price action in overnight trading and again during the day session can best be described as dull. Volume was low, and price movement was subdued. The corn market managed to trade a 3-cent range on both sides of Tuesday’s close before the December contract settled down a penny with most de...
All the Ingredients - But No Dough
U.S. wheat futures markets continue to trade in a relatively narrow range that is also near the bottom of a longer term-range (see the Chicago wheat chart below). Wheat markets should eventually break out of this bearish pattern for a number of fundamental reasons. USDA has been very slow to r...
Market Commentary
Overnight trade volume was limited as the market awaited release of USDA’s October WASDE. Corn and wheat were a penny or so lower with soybeans down 4-5 cents, which all tracked with expectations of a bearish report. When the report came out at noon (EDT) today, the immediate conclusion w...
Transatlantic Regulatory Cooperation; Actionable versus Implementable; Refereeing Trolls
Transatlantic Regulatory Cooperation The EU and U.S. are working on regulatory cooperation with the likely tool being mutual acceptance of substantial equivalence, whereby two different approaches both ensure products are safe for people and the environment. The problem is that the two sides va...
WASDE Corn
October’s 2018/19 U.S. corn outlook is for lower production, increased exports, reduced feed and residual use and larger ending stocks. Corn production is forecast at 14.778 billion bushels, down 49 million on a reduced yield forecast. Corn supplies are forecast record high, as a smaller...
China In-Country Analysis
Livestock African Swine Fever Continues to Run Rampant Despite quarantines, incentives to cull herds impacted by sick animals, and harsh penalties administered to officials committing fraud, new cases of African swine fever (ASF) have continued to appear across China with outbreaks reported in...
WASDE Wheat
USDA’s November estimate for the 2018/19 U.S. wheat crop are unchanged this month, and total use is raised 7 million bushels on higher seed use that reflects increased projected 2019/20 wheat planted area. Food use is unchanged based on the latest NASS Flour Milling Products report, issue...
Demand Destruction
The anguish among U.S. agricultural producers over the U.S. trade disputes with China and, particularly, the latter’s retaliatory tariffs on their soybeans, grains, pork and other products is understandably strong. Soybean farmers planted a record amount of acreage last spring in anticipa...
Market Commentary
It may be Halloween, but grain and soy markets carefully stayed away from anything scary or spooky today. Overnight trade saw prices stuck in narrow ranges. Corn and wheat were slightly lower, but soybeans were up a couple of cents at the break for breakfast. Wheat and soybean prices then moved...
Oilseed Highlights: Russian Soybean Production; Chinese Concern with Brazil’s Bolsonaro; U.S. Soy Export Sales
Russia Expects to Double Soybean Production by 2023 Russia’s Ministry of Agriculture predicts soybean production there will double from 4 MMT in 2018 to 8 MMT in 2023, which compares with only 2 MMT five years ago. The country wants to expand domestic production to reduce imports and boos...
Market Commentary
Overnight trading volume seemed slightly higher than has been usual recently, but price action for grain and soy futures markets was muted nevertheless. Corn prices held around unchanged, and wheat was fractionally lower. Most of the action occurred in the soy complex as overnight selling pushe...
Market Commentary
Markets were lower overnight following yesterday’s declines, and they slipped a bit more after the weekly export sales report was released 15 minutes before that session closed. Corn and soybean exports sales were much lower than expected, but wheat sales were at the high end of the expec...
Market Commentary
Price action in overnight trading and again during the day session can best be described as dull. Volume was low, and price movement was subdued. The corn market managed to trade a 3-cent range on both sides of Tuesday’s close before the December contract settled down a penny with most de...
All the Ingredients - But No Dough
U.S. wheat futures markets continue to trade in a relatively narrow range that is also near the bottom of a longer term-range (see the Chicago wheat chart below). Wheat markets should eventually break out of this bearish pattern for a number of fundamental reasons. USDA has been very slow to r...
Market Commentary
Overnight trade volume was limited as the market awaited release of USDA’s October WASDE. Corn and wheat were a penny or so lower with soybeans down 4-5 cents, which all tracked with expectations of a bearish report. When the report came out at noon (EDT) today, the immediate conclusion w...
Transatlantic Regulatory Cooperation; Actionable versus Implementable; Refereeing Trolls
Transatlantic Regulatory Cooperation The EU and U.S. are working on regulatory cooperation with the likely tool being mutual acceptance of substantial equivalence, whereby two different approaches both ensure products are safe for people and the environment. The problem is that the two sides va...
WASDE Corn
October’s 2018/19 U.S. corn outlook is for lower production, increased exports, reduced feed and residual use and larger ending stocks. Corn production is forecast at 14.778 billion bushels, down 49 million on a reduced yield forecast. Corn supplies are forecast record high, as a smaller...