World Perspectives

Recent South America Analysis

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Selloff Continues; Corn Approaches Major Support

The CBOT attempted a dead-cat bounce overnight but turned lower during the day session. Wheat was the downside leader as weak technical conditions, and a large Australian crop are pressuring the price outlook. Wheat weakness pulled corn lower and the March futures contract slipped to major tren...

FOB Prices and Freight Rate App (Updated 1 December)

Ocean Freight Comments for 19 November 2020: By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s dro...

Interactive Ocean Freight Rates (Updated 1 December)

Ocean Freight Comments - 19 November 2020 By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s drop. De...

feed-grains soy-oilseeds wheat

Market Commentary: South American Rains Douse CBOT Rallies

Heavy weekend rains for parts of South America took away a pillar of bullish support and sparked aggressive selling at the CBOT on Monday. March corn posted a new contract high overnight but could not hold gains and soybeans were once again stymied at the $12.00 level. The day session saw soybe...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Argentina’s wheat harvest is moving quickly and advanced 11 percent last week, reaching 31 percent total completion. The harvest is finished in the north with farmers posting the lowest yields in five years at 0.85 MT/ha. Further south, yields are still disappointing with the northe...

feed-grains soy-oilseeds wheat

Ag Review - November 2020

WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue looks at the global and local impacts of the recent U.S. election, President-Elect Biden’s trade agenda, fiscal policy and the U.S. federal budget, the challenges of long-term f...

feed-grains soy-oilseeds wheat

Market Commentary: Weak U. S. Dollar, Strong Export Sales Lift CBOT

The CBOT ended the U.S. Thanksgiving holiday week higher as strong export sales news, a weaker U.S. dollar, and continued dry weather in South America were supportive. Malaysian palm oil futures rallied sharply overnight, which aided CBOT soyoil in heading higher on Friday, thereby supporting s...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Lower on Profit-Taking, Position-Liquidation; Brazil Enters Record Drought

CBOT markets traded higher overnight heading into the U.S. Thanksgiving holiday with soymeal posting new contract highs in the process. The day session, however, saw profit taking develop once again and selling pressure accelerated in wheat throughout the day. Soyoil and the livestock contracts...

wheat

Imperfect Fungibility

In the world of global grain trading, commodities are deemed fungible, or mutually interchangeable. However, fungibility is a relative term since grain prices can vary geographically for various reasons including transportation costs, local supply/demand differences, small qualitative differenc...

feed-grains soy-oilseeds wheat

Market Commentary: Strengthening La Nina Ends Early Profit-Taking at CBOT

CBOT markets opened sharply lower on Tuesday as profit taking and pre-holiday position evening/liquidation pressured markets. Rumors of China cancelling some of its soybean bookings from the U.S. further pressured values, as did thoughts that some U.S. February shipments could be switched to Br...

Holding the Bag; Gauging the Election Outcome

Holding the Bag With the increased focus on sustainability and third-party certification in meeting corporate social responsibility (CSR) goals, growers want to know what they can expect in the future. It is likely that banana growers are the canary in the mine. South American producers complai...

feed-grains soy-oilseeds wheat

Market Commentary: Fund Profit-Taking Battles End-User Buying; Brazil Remains Dry

The CBOT opened sharply higher Sunday night as continued forecasts for dry weather across Brazil remain nothing but supportive for futures. Soybeans and corn gapped higher at their Sunday night opens and soybeans subsequently traded to key resistance at $12.00 while corn tested its contract hig...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Selloff Continues; Corn Approaches Major Support

The CBOT attempted a dead-cat bounce overnight but turned lower during the day session. Wheat was the downside leader as weak technical conditions, and a large Australian crop are pressuring the price outlook. Wheat weakness pulled corn lower and the March futures contract slipped to major tren...

FOB Prices and Freight Rate App (Updated 1 December)

Ocean Freight Comments for 19 November 2020: By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s dro...

Interactive Ocean Freight Rates (Updated 1 December)

Ocean Freight Comments - 19 November 2020 By Jay O'Neil Commodity Consulting Dry-Bulk freight markets stabilized this week and even ticked higher by week’s end. Physical markets, however, remained mostly unchanged as late-week rallies were not enough to surpass last week’s drop. De...

feed-grains soy-oilseeds wheat

Market Commentary: South American Rains Douse CBOT Rallies

Heavy weekend rains for parts of South America took away a pillar of bullish support and sparked aggressive selling at the CBOT on Monday. March corn posted a new contract high overnight but could not hold gains and soybeans were once again stymied at the $12.00 level. The day session saw soybe...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Argentina’s wheat harvest is moving quickly and advanced 11 percent last week, reaching 31 percent total completion. The harvest is finished in the north with farmers posting the lowest yields in five years at 0.85 MT/ha. Further south, yields are still disappointing with the northe...

feed-grains soy-oilseeds wheat

Ag Review - November 2020

WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue looks at the global and local impacts of the recent U.S. election, President-Elect Biden’s trade agenda, fiscal policy and the U.S. federal budget, the challenges of long-term f...

feed-grains soy-oilseeds wheat

Market Commentary: Weak U. S. Dollar, Strong Export Sales Lift CBOT

The CBOT ended the U.S. Thanksgiving holiday week higher as strong export sales news, a weaker U.S. dollar, and continued dry weather in South America were supportive. Malaysian palm oil futures rallied sharply overnight, which aided CBOT soyoil in heading higher on Friday, thereby supporting s...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Lower on Profit-Taking, Position-Liquidation; Brazil Enters Record Drought

CBOT markets traded higher overnight heading into the U.S. Thanksgiving holiday with soymeal posting new contract highs in the process. The day session, however, saw profit taking develop once again and selling pressure accelerated in wheat throughout the day. Soyoil and the livestock contracts...

wheat

Imperfect Fungibility

In the world of global grain trading, commodities are deemed fungible, or mutually interchangeable. However, fungibility is a relative term since grain prices can vary geographically for various reasons including transportation costs, local supply/demand differences, small qualitative differenc...

feed-grains soy-oilseeds wheat

Market Commentary: Strengthening La Nina Ends Early Profit-Taking at CBOT

CBOT markets opened sharply lower on Tuesday as profit taking and pre-holiday position evening/liquidation pressured markets. Rumors of China cancelling some of its soybean bookings from the U.S. further pressured values, as did thoughts that some U.S. February shipments could be switched to Br...

Holding the Bag; Gauging the Election Outcome

Holding the Bag With the increased focus on sustainability and third-party certification in meeting corporate social responsibility (CSR) goals, growers want to know what they can expect in the future. It is likely that banana growers are the canary in the mine. South American producers complai...

feed-grains soy-oilseeds wheat

Market Commentary: Fund Profit-Taking Battles End-User Buying; Brazil Remains Dry

The CBOT opened sharply higher Sunday night as continued forecasts for dry weather across Brazil remain nothing but supportive for futures. Soybeans and corn gapped higher at their Sunday night opens and soybeans subsequently traded to key resistance at $12.00 while corn tested its contract hig...

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