World Perspectives

Recent South America Analysis

FOB Prices and Freight Rate App (Updated 30 Nov.)

Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...

Interactive Ocean Freight Rates (Updated 30 Nov.)

Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...

feed-grains soy-oilseeds wheat

Market Commentary: Argentina Creates New “Soy Dollar”; CBOT Soy Complex Rallies; Hog Selloff Intensifies

The CBOT started the day on a weak note with the protests in China and the government’s resulting crackdown creating widespread pressure on financial and commodity markets. The protests and the government’s response created worries about the Middle Kingdom’s demand for a myria...

feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

Corn Brazil Finally, the first vessel loaded with Brazil corn and destined for China will leave the port of Santos this week. The vessel Mv Star Iris is set to load 68,000 MT of corn for COFCO. Many expected Brazil to start shipping corn in 2023, but others expected it to occur in December 2022...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Firms in Pre-Holiday Trade; AMLO Softens Stance on GMOs

The CBOT was mostly higher in quiet, pre-holiday trade and the theme of the day was position liquidation and risk-off heading into what is practically a four-day weekend. Corn and soybeans found fundamental strength from higher ethanol output and export sales to China, respectively. That helped...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Spreads Show Diverging Trends; Cold Storage Bullish Livestock Futures

The CBOT was mostly lower in quiet, pre-holiday trade with traders liquidating positions ahead of the coming Thanksgiving vacation day. Corn, wheat, and soybeans all moved lower amid mild profit taking and fund selling, despite a pullback in the U.S. dollar that offered a modest boost to U.S. e...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans, Cattle Rally on Bullish Data; Grains Sink Lower in Bear Spreading

Corn and wheat futures were on the defensive again to start the week amid fund selling and liquidation trade. Despite the ongoing war in Ukraine, funds are increasingly bearish wheat and are pricing that view into the market. Corn futures remain pressured by the dismal export performance so far...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat There were no major developments in the wheat markets last week. Production estimates remain unchanged from what WPI has reported over the past month. Argentina’s export surplus is still forecast at 6.5 MMT, but that volume could be cut further.  The Buenos Aires Grain Exchange...

feed-grains soy-oilseeds wheat

Market Commentary: Erase Part of Yesterday

As forewarned in yesterday’s commentary, “if there is an extension of the corridor agreement, expect U.S. wheat to tumble hard and fast.” The missile that hit Poland turned out to possibly be an errant output of Ukrainian air defense. Plus, Russian Deputy Foreign Minister Serg...

feed-grains soy-oilseeds wheat

Market Commentary: Risk Off but Not Done

Corn and the soy complex shed value today, but wheat was bolstered mostly by poor crop prospects. Perhaps indicative was the CFTC’s Commitment of Traders report, which was released today instead of Friday due to the holiday. It showed speculators have increased their net short position in...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat The grain exchanges issued new estimates for new crop wheat production with the Buenos Aires Grain Exchange more optimistic at 12.4 MMT, and the Rosario Grain Exchange down at 11.8 MMT. In general, the market appears to be trading based on a 12 MMT crop, with some bears much lower than th...

soy-oilseeds

WASDE Soybeans

USDA increased U.S. soybean ending stocks by 20 million bushels to 220 million.  The U.S. season-average soybean price for 2022/23 is forecast at $14.00 per bushel, unchanged from last month.  Soybean oil price is also unchanged at 69 cents per pound.  The soybean meal price is f...

FOB Prices and Freight Rate App (Updated 30 Nov.)

Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...

Interactive Ocean Freight Rates (Updated 30 Nov.)

Ocean Freight Comments - 17 November 2022 By Jay O'Neil Commodity Consulting It is still an up and down Dry Bulk market situation with no defined direction. This market is mostly steaming in circles hoping to find support. Capesize markets have uncovered some improved demand in iron ore cargo,...

feed-grains soy-oilseeds wheat

Market Commentary: Argentina Creates New “Soy Dollar”; CBOT Soy Complex Rallies; Hog Selloff Intensifies

The CBOT started the day on a weak note with the protests in China and the government’s resulting crackdown creating widespread pressure on financial and commodity markets. The protests and the government’s response created worries about the Middle Kingdom’s demand for a myria...

feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

Corn Brazil Finally, the first vessel loaded with Brazil corn and destined for China will leave the port of Santos this week. The vessel Mv Star Iris is set to load 68,000 MT of corn for COFCO. Many expected Brazil to start shipping corn in 2023, but others expected it to occur in December 2022...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Firms in Pre-Holiday Trade; AMLO Softens Stance on GMOs

The CBOT was mostly higher in quiet, pre-holiday trade and the theme of the day was position liquidation and risk-off heading into what is practically a four-day weekend. Corn and soybeans found fundamental strength from higher ethanol output and export sales to China, respectively. That helped...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Spreads Show Diverging Trends; Cold Storage Bullish Livestock Futures

The CBOT was mostly lower in quiet, pre-holiday trade with traders liquidating positions ahead of the coming Thanksgiving vacation day. Corn, wheat, and soybeans all moved lower amid mild profit taking and fund selling, despite a pullback in the U.S. dollar that offered a modest boost to U.S. e...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans, Cattle Rally on Bullish Data; Grains Sink Lower in Bear Spreading

Corn and wheat futures were on the defensive again to start the week amid fund selling and liquidation trade. Despite the ongoing war in Ukraine, funds are increasingly bearish wheat and are pricing that view into the market. Corn futures remain pressured by the dismal export performance so far...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat There were no major developments in the wheat markets last week. Production estimates remain unchanged from what WPI has reported over the past month. Argentina’s export surplus is still forecast at 6.5 MMT, but that volume could be cut further.  The Buenos Aires Grain Exchange...

feed-grains soy-oilseeds wheat

Market Commentary: Erase Part of Yesterday

As forewarned in yesterday’s commentary, “if there is an extension of the corridor agreement, expect U.S. wheat to tumble hard and fast.” The missile that hit Poland turned out to possibly be an errant output of Ukrainian air defense. Plus, Russian Deputy Foreign Minister Serg...

feed-grains soy-oilseeds wheat

Market Commentary: Risk Off but Not Done

Corn and the soy complex shed value today, but wheat was bolstered mostly by poor crop prospects. Perhaps indicative was the CFTC’s Commitment of Traders report, which was released today instead of Friday due to the holiday. It showed speculators have increased their net short position in...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat The grain exchanges issued new estimates for new crop wheat production with the Buenos Aires Grain Exchange more optimistic at 12.4 MMT, and the Rosario Grain Exchange down at 11.8 MMT. In general, the market appears to be trading based on a 12 MMT crop, with some bears much lower than th...

soy-oilseeds

WASDE Soybeans

USDA increased U.S. soybean ending stocks by 20 million bushels to 220 million.  The U.S. season-average soybean price for 2022/23 is forecast at $14.00 per bushel, unchanged from last month.  Soybean oil price is also unchanged at 69 cents per pound.  The soybean meal price is f...

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