World Perspectives

Softs Recent Softs Analysis

feed-grains wheat soy-oilseeds

CFTC COT Report Analysis

As expected, funds were proven to be staunch net sellers last week, according to Friday’s CFTC report data. Funds were the most aggressive in corn where they sold nearly 90,000 contracts and obtained their largest short position since April and the largest early-June short since 2020. Fun...

softs

No Mimosas

Brazil produces more than a third of the world’s oranges and controls 70 percent of global exports. This drought, plus disease and other issues has caused production to fall by nearly a quarter. As a result, prices have spiked. It may not be a proxy for soybeans and corn since oranges are...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Where are the Veggies?

As noted yesterday, USDA estimates that the food category incurring the most inflation this year in the U.S. will be fresh vegetables. Part of the problem is the disconnect between encouraging consumption of this food group, and domestic production. About 40 percent of fresh vegetables are impo...

feed-grains livestock softs

CFTC COT Report Analysis

The big surprise in this week’s CFTC report was the expansion of funds’ short position in corn by over 54,000 contracts. Funds had been aggressively exiting these shorts but apparently decided the threats to the U.S. planting effort and Brazil’s safrinha crop were insufficient...

feed-grains wheat soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Milking Future Demand

U.S. and Mexican dairy industry representatives met and renewed their commitment to “collaborate and advocate for mutually beneficial dairy policies. This was a policy initiative begun back in 2016. At first glance, the effort seems surprising given that Mexico exports more than three tim...

wheat soy-oilseeds feed-grains

CFTC COT Report Analysis

The surprise in this week’s CFTC report is that – through Tuesday’s data reporting deadline - funds were more aggressive covering grain/oilseed shorts than expected. The headline number is that funds bought back over 111,000 contracts and are now only short about 30,000 contra...

softs

Meeting with the Cotton Hopeful

Although many small developing countries produce cotton, about five countries produce most of the fiber. China and India alone account for nearly half the global output of cotton. Four small African countries (Benin, Burkina Faso, Chad, and Mali) formed the Cotton-4 or C-4 consortium many years...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Eat less, Toot Less

Plants such as beans, lentils and chickpeas are the nutritional rage. They are plant derived foods with higher protein content and thus their production and consumption should be on the rise. But alas, the USDA data is not comporting with that nutritional advice.  Over the past four years,...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Based on futures’ price action late last week and early this week, one would be expecting funds to have been net sellers in the major ag commodities, and that’s exactly what happened. Funds expanded their short soybean position by some 30,000 contracts, making it a new five-year low...

softs

An Era up in Smoke

British Prime Minister Rishi Sunak has proposed that anyone turning 15 years of age or younger in 2024 will be banned forever from purchasing cigarettes. Eash year, the age restriction will be raised by one year. The bill also makes vapes less appealing. The goal is to start the first generatio...

soy-oilseeds wheat livestock

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs wheat livestock

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Cocoa Puffs

The global cocoa price hit $10,120/MT yesterday, triple its price last fall, and it is still unlikely to be at its apex. The cause is a sharp drop-off in production in Ghana and Côte d’Ivoire, the two countries that produce nearly 65 percent of the world’s cocoa beans. Some ha...

wheat feed-grains soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

soy-oilseeds softs biofuel

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

We All Scream

President Joe Biden is “bad talking” about the food industry, accusing it of greed for raising prices. While his focus was on “chips” and shrinkflation, he could also have talked about his favorite food, ice cream. After all, his generation – those over age 75, are...

softs feed-grains wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

soy-oilseeds biofuel energy

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Peas Please

As noted in today’s Black Sea report, the price of peas in Russia are rising as exports go unfettered by any export tax. Canada is by far the largest exporter of peas with a two-thirds market share. But Russia is second with a 12.4 percent market share, the U.S. exports about 9 percent of...

softs

Cotton is King

At least it is in the U.S. South. While production increased last year in Pakistan and Brazil, USDA predicts that most of the increase in global production in 2024/25 will be due to the expansion in U.S. output. The area under production is forecast to expand by 8 percent. Production in India a...

softs

Hops Market Declines

After a decade of blistering growth, the U.S. domestic beer market declined in 2023. The reasons given include some consumers opting for a healthier, alcohol-free lifestyle, and others switching to drinking higher alcohol spirits. This increases the importance of exports but both beer and hops...

feed-grains wheat soy-oilseeds

CFTC COT Report Analysis

As expected, funds were proven to be staunch net sellers last week, according to Friday’s CFTC report data. Funds were the most aggressive in corn where they sold nearly 90,000 contracts and obtained their largest short position since April and the largest early-June short since 2020. Fun...

softs

No Mimosas

Brazil produces more than a third of the world’s oranges and controls 70 percent of global exports. This drought, plus disease and other issues has caused production to fall by nearly a quarter. As a result, prices have spiked. It may not be a proxy for soybeans and corn since oranges are...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Where are the Veggies?

As noted yesterday, USDA estimates that the food category incurring the most inflation this year in the U.S. will be fresh vegetables. Part of the problem is the disconnect between encouraging consumption of this food group, and domestic production. About 40 percent of fresh vegetables are impo...

feed-grains livestock softs

CFTC COT Report Analysis

The big surprise in this week’s CFTC report was the expansion of funds’ short position in corn by over 54,000 contracts. Funds had been aggressively exiting these shorts but apparently decided the threats to the U.S. planting effort and Brazil’s safrinha crop were insufficient...

feed-grains wheat soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Milking Future Demand

U.S. and Mexican dairy industry representatives met and renewed their commitment to “collaborate and advocate for mutually beneficial dairy policies. This was a policy initiative begun back in 2016. At first glance, the effort seems surprising given that Mexico exports more than three tim...

wheat soy-oilseeds feed-grains

CFTC COT Report Analysis

The surprise in this week’s CFTC report is that – through Tuesday’s data reporting deadline - funds were more aggressive covering grain/oilseed shorts than expected. The headline number is that funds bought back over 111,000 contracts and are now only short about 30,000 contra...

softs

Meeting with the Cotton Hopeful

Although many small developing countries produce cotton, about five countries produce most of the fiber. China and India alone account for nearly half the global output of cotton. Four small African countries (Benin, Burkina Faso, Chad, and Mali) formed the Cotton-4 or C-4 consortium many years...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Eat less, Toot Less

Plants such as beans, lentils and chickpeas are the nutritional rage. They are plant derived foods with higher protein content and thus their production and consumption should be on the rise. But alas, the USDA data is not comporting with that nutritional advice.  Over the past four years,...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Based on futures’ price action late last week and early this week, one would be expecting funds to have been net sellers in the major ag commodities, and that’s exactly what happened. Funds expanded their short soybean position by some 30,000 contracts, making it a new five-year low...

softs

An Era up in Smoke

British Prime Minister Rishi Sunak has proposed that anyone turning 15 years of age or younger in 2024 will be banned forever from purchasing cigarettes. Eash year, the age restriction will be raised by one year. The bill also makes vapes less appealing. The goal is to start the first generatio...

soy-oilseeds wheat livestock

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs wheat livestock

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Cocoa Puffs

The global cocoa price hit $10,120/MT yesterday, triple its price last fall, and it is still unlikely to be at its apex. The cause is a sharp drop-off in production in Ghana and Côte d’Ivoire, the two countries that produce nearly 65 percent of the world’s cocoa beans. Some ha...

wheat feed-grains soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

soy-oilseeds softs biofuel

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

We All Scream

President Joe Biden is “bad talking” about the food industry, accusing it of greed for raising prices. While his focus was on “chips” and shrinkflation, he could also have talked about his favorite food, ice cream. After all, his generation – those over age 75, are...

softs feed-grains wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

soy-oilseeds biofuel energy

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

softs

Peas Please

As noted in today’s Black Sea report, the price of peas in Russia are rising as exports go unfettered by any export tax. Canada is by far the largest exporter of peas with a two-thirds market share. But Russia is second with a 12.4 percent market share, the U.S. exports about 9 percent of...

softs

Cotton is King

At least it is in the U.S. South. While production increased last year in Pakistan and Brazil, USDA predicts that most of the increase in global production in 2024/25 will be due to the expansion in U.S. output. The area under production is forecast to expand by 8 percent. Production in India a...

softs

Hops Market Declines

After a decade of blistering growth, the U.S. domestic beer market declined in 2023. The reasons given include some consumers opting for a healthier, alcohol-free lifestyle, and others switching to drinking higher alcohol spirits. This increases the importance of exports but both beer and hops...

Select Filters to Apply

  • World
  • Publications

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up