World Perspectives

Recent South America Analysis

soy-oilseeds feed-grains

China In-Country Analysis

Oilseeds Soymeal Inventory Falls Below 1 MMT Strong downstream demand from the feed industry as hog prices continue to surge pushed China’s nationwide soymeal inventory below the 1 MMT threshold. The total stood at 940,000 MT as of 14 September 2018, down 83,100 MT (-8.1 percent) from the...

soy-oilseeds

Oilseed Highlights: NOPA Crush; Brazilian and U.S. Soy Plantings;, Canadian Oilseeds

NOPA Members’ Record August Crush The National Oilseed Processors Association (NOPA) yesterday released its August soybean crush report. As expected, it indicated members crushed the largest amount ever for that month at 158.885 million bushels (4.32 MMT). That was down from 167.733 milli...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Brazil Brazil’s soybean market was active last week, especially at the beginning with Chinese buyers securing several vessels. Spot margins have been extremely good lately in China at around $50-55/MT, a level hardly seen before for October, November or December positions. Brazil...

soy-oilseeds

Oilseed Highlights: WASDE; Argentina’s 2019 Soybean Crop; U.S. Export Sales

Plentiful Soybean Supplies  USDA yesterday confirmed the U.S. will harvest a record soybean crop once again in 2018, forecasting the average national yield at 52.8 bushels/acre (3.55 MT/hectare) and a record production of 4.693 billion bushels (127.74 MMT). Even though it raised the estima...

soy-oilseeds

WASDE Soyoil

The 2018/19 global oilseed outlook includes higher production, reduced trade, and increased stocks compared to last month.  Soybean oil prices are unchanged at 28.0 to 32.0 cents per pound...

soy-oilseeds

WASDE Soymeal

USDA estimates that U.S. soybean crush is up 10 million bushels and exports unchanged, ending stocks are projected at 845 million bushels, up 60 million from last month. Soybean meal prices are lowered $5.00 at the midpoint to $290 to $330 per short ton.  ...

soy-oilseeds

WASDE Soybeans

USDA estimates that soybean production is projected at a record 4,693 million bushels, up 107 million on a record yield forecast of 52.8 bushels per acre.  Soybean supplies are raised with higher production only partly offset by lower beginning stocks. The 2018/19 U.S. season-average...

feed-grains

WASDE Corn

USDA estimates that Corn exports for 2018/19 are raised for Ukraine, Serbia, and Paraguay, but lowered for Canada and South Africa.  Imports are raised for the EU, Japan, Brazil, and Guatemala, with partly offsetting declines for Algeria and Saudi Arabia.  For 2017/18, exports ar...

wheat

WASDE Wheat

USDA estimates that global wheat supplies for 2018/19 are raised 4.7 million tons on a 3.4-million-ton production increase and higher beginning stocks.  The Russian crop is raised 3.0 million tons on harvest results to date in the winter wheat region and continued excellent weather in the...

feed-grains soy-oilseeds wheat

Market Commentary

Pre-WASDE positioning sent the grains complex lower today, while livestock futures were under pressure from profit taking and lackluster cash markets. Fund managers are worried tomorrow’s report will be a repeat of the August WASDE and are paring back any long positions. It’s tough...

soy-oilseeds

Oilseed Highlights: Argentine Export Tax Update; Soy Forecasts for Brazil, China, and Ukraine

Update on Argentine Export Tax Rates Following the report here a week ago on the changes to Argentina’s export taxes (click here), more details have now been provided. As was noted, the export tax differential for the soy sector was eliminated as the rates for soybeans, soymeal and soyoil...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Argentine Export Duties Last week the Argentine government announced an emergency plan to reduce the state deficit, which includes an export duty on agricultural products. Since last Tuesday, the duty rate of 4 pesos for every U.S. dollar of value on those exports was applied as of last Tuesday...

soy-oilseeds feed-grains

China In-Country Analysis

Oilseeds Soymeal Inventory Falls Below 1 MMT Strong downstream demand from the feed industry as hog prices continue to surge pushed China’s nationwide soymeal inventory below the 1 MMT threshold. The total stood at 940,000 MT as of 14 September 2018, down 83,100 MT (-8.1 percent) from the...

soy-oilseeds

Oilseed Highlights: NOPA Crush; Brazilian and U.S. Soy Plantings;, Canadian Oilseeds

NOPA Members’ Record August Crush The National Oilseed Processors Association (NOPA) yesterday released its August soybean crush report. As expected, it indicated members crushed the largest amount ever for that month at 158.885 million bushels (4.32 MMT). That was down from 167.733 milli...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Brazil Brazil’s soybean market was active last week, especially at the beginning with Chinese buyers securing several vessels. Spot margins have been extremely good lately in China at around $50-55/MT, a level hardly seen before for October, November or December positions. Brazil...

soy-oilseeds

Oilseed Highlights: WASDE; Argentina’s 2019 Soybean Crop; U.S. Export Sales

Plentiful Soybean Supplies  USDA yesterday confirmed the U.S. will harvest a record soybean crop once again in 2018, forecasting the average national yield at 52.8 bushels/acre (3.55 MT/hectare) and a record production of 4.693 billion bushels (127.74 MMT). Even though it raised the estima...

soy-oilseeds

WASDE Soyoil

The 2018/19 global oilseed outlook includes higher production, reduced trade, and increased stocks compared to last month.  Soybean oil prices are unchanged at 28.0 to 32.0 cents per pound...

soy-oilseeds

WASDE Soymeal

USDA estimates that U.S. soybean crush is up 10 million bushels and exports unchanged, ending stocks are projected at 845 million bushels, up 60 million from last month. Soybean meal prices are lowered $5.00 at the midpoint to $290 to $330 per short ton.  ...

soy-oilseeds

WASDE Soybeans

USDA estimates that soybean production is projected at a record 4,693 million bushels, up 107 million on a record yield forecast of 52.8 bushels per acre.  Soybean supplies are raised with higher production only partly offset by lower beginning stocks. The 2018/19 U.S. season-average...

feed-grains

WASDE Corn

USDA estimates that Corn exports for 2018/19 are raised for Ukraine, Serbia, and Paraguay, but lowered for Canada and South Africa.  Imports are raised for the EU, Japan, Brazil, and Guatemala, with partly offsetting declines for Algeria and Saudi Arabia.  For 2017/18, exports ar...

wheat

WASDE Wheat

USDA estimates that global wheat supplies for 2018/19 are raised 4.7 million tons on a 3.4-million-ton production increase and higher beginning stocks.  The Russian crop is raised 3.0 million tons on harvest results to date in the winter wheat region and continued excellent weather in the...

feed-grains soy-oilseeds wheat

Market Commentary

Pre-WASDE positioning sent the grains complex lower today, while livestock futures were under pressure from profit taking and lackluster cash markets. Fund managers are worried tomorrow’s report will be a repeat of the August WASDE and are paring back any long positions. It’s tough...

soy-oilseeds

Oilseed Highlights: Argentine Export Tax Update; Soy Forecasts for Brazil, China, and Ukraine

Update on Argentine Export Tax Rates Following the report here a week ago on the changes to Argentina’s export taxes (click here), more details have now been provided. As was noted, the export tax differential for the soy sector was eliminated as the rates for soybeans, soymeal and soyoil...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Argentine Export Duties Last week the Argentine government announced an emergency plan to reduce the state deficit, which includes an export duty on agricultural products. Since last Tuesday, the duty rate of 4 pesos for every U.S. dollar of value on those exports was applied as of last Tuesday...

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