World Perspectives

Recent Russia Analysis

wheat feed-grains biofuel

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Bad weather in Egypt has closed four ports on the Red Sea and two on the Mediterranean. Very strong winds are reportedly causing docking and visibility difficulties due to sand and dust storms. Egypt normally experiences strong khamaseen winds...

feed-grains soy-oilseeds wheat

Market Commentary

Markets rebounded overnight following Thursday’s big losses. It was interesting that no one could come up with a solid reason yesterday for the unexpected and big fund selling. Some attributed it to the fact that there would be no USDA reports released today, which include the winter whea...

wheat feed-grains soy-oilseeds

Lower U.S. Wheat Ending Stocks Again in 2019/20

One of the major USDA reports that were supposed to be issued today was the U.S. winter wheat planting estimate. WPI’s own estimate that was discussed last Friday (click here ) includes a 1.9 million acre reduction in those plantings and an 800,000 acre increase in spring wheat plant...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy futures traded quietly overnight amid low volume, and prices were not much changed by the morning recess. The overnight action (or rather the lack thereof) did not prepare traders for the big and broad sell-off that took place during the day session. Bulls like to be fed every day...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy futures prices were slightly firmer overnight across the board. Chicago and KC wheat were up 4-5 cents at one point with corn and soybeans 2-3 cents higher. This firmness carried over to the day session with all prices entirely green until late selling by index funds dropped wheat...

Agriculture’s Unique Pedestal; Globalization’s Future

Agriculture’s Unique Pedestal It comes with downsides, but U.S. agriculture continues to be highlighted in a manner that would have been unheard of a few years ago. Analysts would listen keenly for the rare times when a president would make a mere mention of farmers in the annual State of...

feed-grains soy-oilseeds wheat

Flying Blind

As the partial U.S. government shutdown has moved into its third week with no end in sight, the nation’s press is increasingly focused on the ripple affect it is having on various sectors of the U.S. economy. An example is a recent article in the Washington Post that discussed how the lac...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were quiet again overnight, although soybean futures showed some life early this morning and closed the night session a nickel higher with corn steady. Wheat finished down a penny and started today slightly weaker. The U.S. government is beginning the third week of the partial shutdown...

soy-oilseeds wheat feed-grains

Market Commentary

Traders began the first trading day of 2019 figuratively wearing the blindfold resulting from the lack of USDA information due to the partial government shutdown, which in now in its 13th day. This afternoon, President Trump is meeting again with congressional leaders of both parties in another...

feed-grains soy-oilseeds wheat

Market Commentary

Today’s CME closing grain market board was very unusual in the array of tiny price changes compared with that of yesterday. MGEX wheat had the biggest gains, finishing up 2.5-3 cents. Every other change was 1 cent or less except for a 1.25 cent gain for corn and Chicago wheat. While this...

feed-grains soy-oilseeds wheat

Market Commentary

Markets ended the Thursday evening session with wheat down 6 cents, corn up a penny and soybeans steady. Volume was light and continued that way in today’s session, which was expected on the last full trading day before the Christmas holiday break. Markets will close at 1 pm (EST) Monday...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices were mixed overnight, having traded on both sides of Tuesday’s closes. As the early morning trading recess approached, wheat prices edged lower. However, soybean prices staying around the prior close in expectation that new large sales to China would be reported by US...

soy-oilseeds wheat feed-grains

Straws in the Wind

With the Christmas and New Year holidays looming, this is the last full week for trading of grain and soy futures markets in 2018. Following early closures on 24 December and 31 December, they will then be closed on 25 December and 1 January. The holiday mood seems to have settled into the mark...

Beans versus Cows; USMCA versus Biofuel; U.S. Trade Policy; Hollow Africa Plan; Food Mislabeling

Beans versus Cows This week EU agriculture commissioners are considering the policy proposals for replacing imported oilseeds with newly incentivized, domestically-produced sources of plant-based proteins. This import substitution plan has the support of Europe’s farmers but draws the enm...

feed-grains soy-oilseeds wheat

Market Commentary

Corn was higher with soybeans up slightly and wheat mixed in the Thursday night session. Trading volume was fairly strong overnight. This morning USDA announced sales of another 300,000 MT of soybeans to China plus 130,000 MT to “unknown” and 125,000 MT of corn to Japan. There is st...

feed-grains soy-oilseeds wheat

U.S. Export Prospects Improving

USDA trimmed the U.S. wheat export forecast by 25 million bushels (680,000 MT) in the December WASDE (supply & demand), but that wasn’t a surprise given the 9 percent lag in sales against a year ago. Its revised export goal is an 11 percent increase over last year. Export sales of har...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight futures trade featured stronger wheat prices, lower soybean prices and corn near unchanged with only average volume. The soybean market seemed to exhibit “rumor fatigue.” When at last USDA/ FAS announced a sale of 1.13 MMT of soybeans to China under the daily reporting req...

Tale of the Tail; USMCA Strategy; Up in Smoke; Delhi Dirt

Tale of Trade Restrictions’ Tail China came into the U.S. market today for soybeans, but American farmers now realize they need to diversify their markets. Perhaps they’ve learned something from past trade wars. Consider the following: Soviet Grain Embargo 1) Before the Soviet Union...

wheat

WASDE Wheat

USDA notes the following about wheat: The outlook for 2018/19 U.S. wheat this month is for unchanged supplies, lower exports, and higher ending stocks. Wheat exports are lowered 25 million bushels to 1.0 billion with all the reduction in Hard Red Winter (HRW) on historically low exports for thi...

soy-oilseeds

Oilseed Highlights: Hope for Trump-Xi Deal; South American Crushers’ Soybean Woes; U.S. Soy Export Sales

New Hope for Trump-Xi Trade Deal in Buenos Aires President Trump departed today for Buenos Aires to attend the G-20 summit and meet with Chinese President Xi on Saturday to discuss the ongoing trade conflict. The Wall Street Journal reported today that representatives of the two countries have...

feed-grains soy-oilseeds wheat

Market Commentary

Soy and soy product futures prices were mostly firmer overnight as the market built on yesterday’s turnaround rally. Corn and wheat prices stayed nearer to yesterday’s closes. About the time of the trading recess, Chinese President Xi declared in a speech to the Spanish parliament t...

feed-grains soy-oilseeds wheat

Market Commentary

With the U.S. stock market tanking again and worries over the global economy building, investors continued yesterday’s flight from risk. Nearly all commodity markets were lower, led by a nearly $4.00 loss for crude oil, and the “safe haven” U.S. dollar was up sharply. Amid all...

soy-oilseeds

Oilseed Highlights: Russian Crush Plant; Brazilian Soy Exports; USDA and Census Export Data

Russian Meat Producer to Build Soybean Crush Plant  Russia’s largest meat producer, Cherkizovo, has announced its plans to build a large soybean crushing plant in the Eletsprom special economy zone (Lipetsk Oblast) in the European part of the country south of Moscow.. It indicated da...

feed-grains soy-oilseeds wheat

Market Commentary

The soybean market’s early rally on further reports of discussions on trade between high-level U.S. and Chinese officials helped pull the rest of the markets higher – at least for a while. At their daily highs, December corn was up 4.75 cents with Chicago December wheat up 6 cents...

wheat feed-grains biofuel

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Bad weather in Egypt has closed four ports on the Red Sea and two on the Mediterranean. Very strong winds are reportedly causing docking and visibility difficulties due to sand and dust storms. Egypt normally experiences strong khamaseen winds...

feed-grains soy-oilseeds wheat

Market Commentary

Markets rebounded overnight following Thursday’s big losses. It was interesting that no one could come up with a solid reason yesterday for the unexpected and big fund selling. Some attributed it to the fact that there would be no USDA reports released today, which include the winter whea...

wheat feed-grains soy-oilseeds

Lower U.S. Wheat Ending Stocks Again in 2019/20

One of the major USDA reports that were supposed to be issued today was the U.S. winter wheat planting estimate. WPI’s own estimate that was discussed last Friday (click here ) includes a 1.9 million acre reduction in those plantings and an 800,000 acre increase in spring wheat plant...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy futures traded quietly overnight amid low volume, and prices were not much changed by the morning recess. The overnight action (or rather the lack thereof) did not prepare traders for the big and broad sell-off that took place during the day session. Bulls like to be fed every day...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy futures prices were slightly firmer overnight across the board. Chicago and KC wheat were up 4-5 cents at one point with corn and soybeans 2-3 cents higher. This firmness carried over to the day session with all prices entirely green until late selling by index funds dropped wheat...

Agriculture’s Unique Pedestal; Globalization’s Future

Agriculture’s Unique Pedestal It comes with downsides, but U.S. agriculture continues to be highlighted in a manner that would have been unheard of a few years ago. Analysts would listen keenly for the rare times when a president would make a mere mention of farmers in the annual State of...

feed-grains soy-oilseeds wheat

Flying Blind

As the partial U.S. government shutdown has moved into its third week with no end in sight, the nation’s press is increasingly focused on the ripple affect it is having on various sectors of the U.S. economy. An example is a recent article in the Washington Post that discussed how the lac...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were quiet again overnight, although soybean futures showed some life early this morning and closed the night session a nickel higher with corn steady. Wheat finished down a penny and started today slightly weaker. The U.S. government is beginning the third week of the partial shutdown...

soy-oilseeds wheat feed-grains

Market Commentary

Traders began the first trading day of 2019 figuratively wearing the blindfold resulting from the lack of USDA information due to the partial government shutdown, which in now in its 13th day. This afternoon, President Trump is meeting again with congressional leaders of both parties in another...

feed-grains soy-oilseeds wheat

Market Commentary

Today’s CME closing grain market board was very unusual in the array of tiny price changes compared with that of yesterday. MGEX wheat had the biggest gains, finishing up 2.5-3 cents. Every other change was 1 cent or less except for a 1.25 cent gain for corn and Chicago wheat. While this...

feed-grains soy-oilseeds wheat

Market Commentary

Markets ended the Thursday evening session with wheat down 6 cents, corn up a penny and soybeans steady. Volume was light and continued that way in today’s session, which was expected on the last full trading day before the Christmas holiday break. Markets will close at 1 pm (EST) Monday...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices were mixed overnight, having traded on both sides of Tuesday’s closes. As the early morning trading recess approached, wheat prices edged lower. However, soybean prices staying around the prior close in expectation that new large sales to China would be reported by US...

soy-oilseeds wheat feed-grains

Straws in the Wind

With the Christmas and New Year holidays looming, this is the last full week for trading of grain and soy futures markets in 2018. Following early closures on 24 December and 31 December, they will then be closed on 25 December and 1 January. The holiday mood seems to have settled into the mark...

Beans versus Cows; USMCA versus Biofuel; U.S. Trade Policy; Hollow Africa Plan; Food Mislabeling

Beans versus Cows This week EU agriculture commissioners are considering the policy proposals for replacing imported oilseeds with newly incentivized, domestically-produced sources of plant-based proteins. This import substitution plan has the support of Europe’s farmers but draws the enm...

feed-grains soy-oilseeds wheat

Market Commentary

Corn was higher with soybeans up slightly and wheat mixed in the Thursday night session. Trading volume was fairly strong overnight. This morning USDA announced sales of another 300,000 MT of soybeans to China plus 130,000 MT to “unknown” and 125,000 MT of corn to Japan. There is st...

feed-grains soy-oilseeds wheat

U.S. Export Prospects Improving

USDA trimmed the U.S. wheat export forecast by 25 million bushels (680,000 MT) in the December WASDE (supply & demand), but that wasn’t a surprise given the 9 percent lag in sales against a year ago. Its revised export goal is an 11 percent increase over last year. Export sales of har...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight futures trade featured stronger wheat prices, lower soybean prices and corn near unchanged with only average volume. The soybean market seemed to exhibit “rumor fatigue.” When at last USDA/ FAS announced a sale of 1.13 MMT of soybeans to China under the daily reporting req...

Tale of the Tail; USMCA Strategy; Up in Smoke; Delhi Dirt

Tale of Trade Restrictions’ Tail China came into the U.S. market today for soybeans, but American farmers now realize they need to diversify their markets. Perhaps they’ve learned something from past trade wars. Consider the following: Soviet Grain Embargo 1) Before the Soviet Union...

wheat

WASDE Wheat

USDA notes the following about wheat: The outlook for 2018/19 U.S. wheat this month is for unchanged supplies, lower exports, and higher ending stocks. Wheat exports are lowered 25 million bushels to 1.0 billion with all the reduction in Hard Red Winter (HRW) on historically low exports for thi...

soy-oilseeds

Oilseed Highlights: Hope for Trump-Xi Deal; South American Crushers’ Soybean Woes; U.S. Soy Export Sales

New Hope for Trump-Xi Trade Deal in Buenos Aires President Trump departed today for Buenos Aires to attend the G-20 summit and meet with Chinese President Xi on Saturday to discuss the ongoing trade conflict. The Wall Street Journal reported today that representatives of the two countries have...

feed-grains soy-oilseeds wheat

Market Commentary

Soy and soy product futures prices were mostly firmer overnight as the market built on yesterday’s turnaround rally. Corn and wheat prices stayed nearer to yesterday’s closes. About the time of the trading recess, Chinese President Xi declared in a speech to the Spanish parliament t...

feed-grains soy-oilseeds wheat

Market Commentary

With the U.S. stock market tanking again and worries over the global economy building, investors continued yesterday’s flight from risk. Nearly all commodity markets were lower, led by a nearly $4.00 loss for crude oil, and the “safe haven” U.S. dollar was up sharply. Amid all...

soy-oilseeds

Oilseed Highlights: Russian Crush Plant; Brazilian Soy Exports; USDA and Census Export Data

Russian Meat Producer to Build Soybean Crush Plant  Russia’s largest meat producer, Cherkizovo, has announced its plans to build a large soybean crushing plant in the Eletsprom special economy zone (Lipetsk Oblast) in the European part of the country south of Moscow.. It indicated da...

feed-grains soy-oilseeds wheat

Market Commentary

The soybean market’s early rally on further reports of discussions on trade between high-level U.S. and Chinese officials helped pull the rest of the markets higher – at least for a while. At their daily highs, December corn was up 4.75 cents with Chicago December wheat up 6 cents...

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