World Perspectives

Recent South America Analysis

Drowning Transatlantic; Geneva Ag Discussions; Bilateral Stunts

Drowning Transatlantic At 8.4 kilometers (5.2 miles) deep, the Puerto Rico Trench is the deepest point in the North Atlantic Ocean. Transatlantic relations may be headed for an even deeper depression. The European Parliament voted against endorsing the trade mandate sought by Brussels for talks...

feed-grains

March Corn Update

There have been changes to the 2018/19 corn balance sheet since our first look at the potential supply/demand outlook on 18 January. USDA reduced the export and ethanol forecasts by 75 million bushels and 25 million bushels, respectively, in the March WASDE. The result was a 100 million bushel...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...

EU-U.S. Tentative Deal on Beef

Even though the EU-U.S. trade agreement talks are not moving apace, largely because of the EU reluctance to include agriculture versus U.S. insistence that it must be on the table, there does seem to be movement on beef exports. The parties have reached an “agreement in principle” t...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief...

soy-oilseeds biofuel

Oilseed Highlights: U.S. Soy Export Sales; EU Biodiesel, Palm Oil Futures; EU Rapeseed

U.S. Soy Export Sales Highlights Today’s USDA weekly export sales report indicated U.S. exporters were quite successful selling soybeans to China and elsewhere in the week ending 7 March. Meanwhile, soymeal and soyoil export sales were relatively modest. Net soybean export sales for shipm...

soy-oilseeds feed-grains

China In-Country Analysis

Marco Trends February Economic Data Points to Serious Weakness Data from China’s National Bureau of Statistics indicates the country’s Purchasing Managers’ Index (PMI) fell to 49.2 percent last month, the lowest level since May 2017. It should be noted that a figure below 50 p...

feed-grains soy-oilseeds wheat

Market Commentary

It was a vivid “Turnaround Tuesday” for grain and soy markets after Monday’s dive to test recent lows and, in some case, set new record lows. It began rather gradually in the overnight session, which saw trading volume notably higher than average. Prices started out slightly l...

soy-oilseeds

Oilseed Highlights: Brazil’s Soybeans; U.S. Census Soymeal Data Revision; U.S. Soy Plantings; WASDE Soy Changes

Conab Reduces Brazilian Soybean Crop Estimate Conab, Brazil’s crop supply agency, today reduced its estimate for the country’s 2019 soybean crop by 1.6 percent from 115.343 MMT to 113.459 MMT. This change is based on an average yield of 3.168 MT/hectare (47.1 bushels/acre). Conab al...

feed-grains soy-oilseeds wheat

Where Have All the Bulls Gone?

It has been a very tough few weeks for grain and soy market bulls, assuming there are still any left. Those markets have been in a rather steady retreat with hardly any respite, although they have managed a bounce today. Along the way, the wheat and corn markets have set a series of new contrac...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Market Update Last week China finally decided to buy more U.S. soybeans, purchasing approximately 2 MMT. The stocks were mainly from the Pacific Northwest (PNW), but there was some volume from the U.S. Gulf (USG). The trades were around 148/150 for PNW and 162/160N for USG, all perform...

feed-grains soy-oilseeds wheat

Market Commentary

Corn, wheat and soybean started ever so slightly firmer Sunday evening and then traded mixed the rest of the night. All the markets started today’s session lower, and the losses mounted as the day wore on. There just isn’t any fundamental news out to ignite even a minor short-coveri...

Drowning Transatlantic; Geneva Ag Discussions; Bilateral Stunts

Drowning Transatlantic At 8.4 kilometers (5.2 miles) deep, the Puerto Rico Trench is the deepest point in the North Atlantic Ocean. Transatlantic relations may be headed for an even deeper depression. The European Parliament voted against endorsing the trade mandate sought by Brussels for talks...

feed-grains

March Corn Update

There have been changes to the 2018/19 corn balance sheet since our first look at the potential supply/demand outlook on 18 January. USDA reduced the export and ethanol forecasts by 75 million bushels and 25 million bushels, respectively, in the March WASDE. The result was a 100 million bushel...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Market Overview There was some movement at the beginning of last week when Chinese crushers decided to cover their open positions for March, April and May. The U.S. should not be competitive for these months, especially considering the significant delays in shipments at the U.S. Gulf d...

EU-U.S. Tentative Deal on Beef

Even though the EU-U.S. trade agreement talks are not moving apace, largely because of the EU reluctance to include agriculture versus U.S. insistence that it must be on the table, there does seem to be movement on beef exports. The parties have reached an “agreement in principle” t...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean markets were steady to slightly higher overnight with wheat 1-2 cents lower. Soybean futures led the markets all higher this morning on another round of positive news surrounding the China/U.S. trade talks. It seems that most are now convinced an agreement is near. This belief...

soy-oilseeds biofuel

Oilseed Highlights: U.S. Soy Export Sales; EU Biodiesel, Palm Oil Futures; EU Rapeseed

U.S. Soy Export Sales Highlights Today’s USDA weekly export sales report indicated U.S. exporters were quite successful selling soybeans to China and elsewhere in the week ending 7 March. Meanwhile, soymeal and soyoil export sales were relatively modest. Net soybean export sales for shipm...

soy-oilseeds feed-grains

China In-Country Analysis

Marco Trends February Economic Data Points to Serious Weakness Data from China’s National Bureau of Statistics indicates the country’s Purchasing Managers’ Index (PMI) fell to 49.2 percent last month, the lowest level since May 2017. It should be noted that a figure below 50 p...

feed-grains soy-oilseeds wheat

Market Commentary

It was a vivid “Turnaround Tuesday” for grain and soy markets after Monday’s dive to test recent lows and, in some case, set new record lows. It began rather gradually in the overnight session, which saw trading volume notably higher than average. Prices started out slightly l...

soy-oilseeds

Oilseed Highlights: Brazil’s Soybeans; U.S. Census Soymeal Data Revision; U.S. Soy Plantings; WASDE Soy Changes

Conab Reduces Brazilian Soybean Crop Estimate Conab, Brazil’s crop supply agency, today reduced its estimate for the country’s 2019 soybean crop by 1.6 percent from 115.343 MMT to 113.459 MMT. This change is based on an average yield of 3.168 MT/hectare (47.1 bushels/acre). Conab al...

feed-grains soy-oilseeds wheat

Where Have All the Bulls Gone?

It has been a very tough few weeks for grain and soy market bulls, assuming there are still any left. Those markets have been in a rather steady retreat with hardly any respite, although they have managed a bounce today. Along the way, the wheat and corn markets have set a series of new contrac...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Market Update Last week China finally decided to buy more U.S. soybeans, purchasing approximately 2 MMT. The stocks were mainly from the Pacific Northwest (PNW), but there was some volume from the U.S. Gulf (USG). The trades were around 148/150 for PNW and 162/160N for USG, all perform...

feed-grains soy-oilseeds wheat

Market Commentary

Corn, wheat and soybean started ever so slightly firmer Sunday evening and then traded mixed the rest of the night. All the markets started today’s session lower, and the losses mounted as the day wore on. There just isn’t any fundamental news out to ignite even a minor short-coveri...

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