World Perspectives

Recent World Analysis

Australia

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and wheat opened lower Sunday with soybeans slightly higher. Everything was slightly lower by the time markets closed this morning, and that is how they opened the day session. Soybeans traded back and forth with small gains or losses through much of today. Wheat was moderately lower with...

feed-grains soy-oilseeds wheat

Market Commentary

There probably isn’t much point in talking about fundamental issues surrounding the grain and oilseed markets as very little has changed in that regard. The Black Sea region continues to suffer from adverse weather that is reducing yields and production there, and most of Australia is sti...

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and wheat opened lower Sunday with soybeans slightly higher. Everything was slightly lower by the time markets closed this morning, and that is how they opened the day session. Soybeans traded back and forth with small gains or losses through much of today. Wheat was moderately lower with...

feed-grains soy-oilseeds wheat

Market Commentary

There probably isn’t much point in talking about fundamental issues surrounding the grain and oilseed markets as very little has changed in that regard. The Black Sea region continues to suffer from adverse weather that is reducing yields and production there, and most of Australia is sti...

wheat

What USDA Didn’t Say

This week’s WASDE report from USDA was considered slightly bullish for prices, although that certainly wasn’t apparent by the market’s action during the past few trading sessions. U.S. corn and soybean ending supplies were reduced. World demand remains very strong, but crop pr...

Asia

soy-oilseeds softs biofuel

Indian Subcontinent Regional Analysis

Falling Soymeal Prices May Move Up if Exports Continue Soybean and soymeal prices moved lower last week but had some upward movement near its end, and they are stable now due to slow poultry sector demand as well as international cues. However, world prices are still lower.The Indian soybean sp...

feed-grains soy-oilseeds wheat

Market Commentary

Welcome to summer! Led by soybeans, which eased about 6 cents lower, trading during the overnight session found prices with a lower bias. The grains were mostly lower also but did not stray far from Wednesday’s closes. On the trade front, the war of words continues. However, there is no s...

soy-oilseeds

Oilseed Highlights: Palm Oil Prices; U.S. Soy Export Sales; Brazil’s Soy Exports

Falling Palm Oil Prices Reach Two-Year Low Palm oil prices are declining because of anemic demand and the market turmoil caused by the U.S.-China trade dispute. Today the September palm oil futures price on the Malaysian futures exchange fell for the fourth consecutive day to the equivalent of...

soy-oilseeds softs biofuel

Indian Subcontinent Regional Analysis

Falling Soymeal Prices May Move Up if Exports Continue Soybean and soymeal prices moved lower last week but had some upward movement near its end, and they are stable now due to slow poultry sector demand as well as international cues. However, world prices are still lower.The Indian soybean sp...

feed-grains soy-oilseeds wheat

Market Commentary

Welcome to summer! Led by soybeans, which eased about 6 cents lower, trading during the overnight session found prices with a lower bias. The grains were mostly lower also but did not stray far from Wednesday’s closes. On the trade front, the war of words continues. However, there is no s...

soy-oilseeds

Oilseed Highlights: Palm Oil Prices; U.S. Soy Export Sales; Brazil’s Soy Exports

Falling Palm Oil Prices Reach Two-Year Low Palm oil prices are declining because of anemic demand and the market turmoil caused by the U.S.-China trade dispute. Today the September palm oil futures price on the Malaysian futures exchange fell for the fourth consecutive day to the equivalent of...

soy-oilseeds

Oilseed Highlights: Chinese Tariff Impact on Upper Midwest; India’s Soyoil Tariff

Chinese Tariffs Impact on Upper Midwest Soybean Farmers Barring a settlement to the current trade dispute, China is expected to impose a 25 percent tariff on U.S. soybeans effective 6 July. It appears the situation may intensify after President Trump yesterday threatened to implement additional...

Black Sea

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

feed-grains

Does Corn Have a Story to Tell?

Grain and soy markets are almost totally consumed by trade disruption and the latest trade war threats voiced in Washington and Beijing. They note retaliatory tariffs against U.S. products imposed by the EU, India, Canada and Mexico (among others). They sense that the U.S position in the world...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 11-15 June 2018 Domestic grain prices were influenced by the near beginning of the new season. Although the formation of new prices is active only in the South so far, the previous season prices in other regions stopped growing with the exception of Siberia. 2018 barley i...

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

feed-grains

Does Corn Have a Story to Tell?

Grain and soy markets are almost totally consumed by trade disruption and the latest trade war threats voiced in Washington and Beijing. They note retaliatory tariffs against U.S. products imposed by the EU, India, Canada and Mexico (among others). They sense that the U.S position in the world...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 11-15 June 2018 Domestic grain prices were influenced by the near beginning of the new season. Although the formation of new prices is active only in the South so far, the previous season prices in other regions stopped growing with the exception of Siberia. 2018 barley i...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and wheat opened lower Sunday with soybeans slightly higher. Everything was slightly lower by the time markets closed this morning, and that is how they opened the day session. Soybeans traded back and forth with small gains or losses through much of today. Wheat was moderately lower with...

China

Battlefront Reporting; Technical Limits; Poopy Water; Migrant Pressures

Battlefront Reporting Another day and more news on the trade war front. On the first day of new retaliatory tariffs by the EU on U.S. goods, German automakers offered zero-for-zero transatlantic tariffs. President Trump responded with the threat to impose 20 percent tariffs on imports of Europe...

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

soy-oilseeds softs biofuel

Indian Subcontinent Regional Analysis

Falling Soymeal Prices May Move Up if Exports Continue Soybean and soymeal prices moved lower last week but had some upward movement near its end, and they are stable now due to slow poultry sector demand as well as international cues. However, world prices are still lower.The Indian soybean sp...

Battlefront Reporting; Technical Limits; Poopy Water; Migrant Pressures

Battlefront Reporting Another day and more news on the trade war front. On the first day of new retaliatory tariffs by the EU on U.S. goods, German automakers offered zero-for-zero transatlantic tariffs. President Trump responded with the threat to impose 20 percent tariffs on imports of Europe...

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

soy-oilseeds softs biofuel

Indian Subcontinent Regional Analysis

Falling Soymeal Prices May Move Up if Exports Continue Soybean and soymeal prices moved lower last week but had some upward movement near its end, and they are stable now due to slow poultry sector demand as well as international cues. However, world prices are still lower.The Indian soybean sp...

soy-oilseeds feed-grains wheat

No NAFTA Yet Either

Markets have been obsessed with the failure of the U.S. and China to reach any sort of agreement regarding their trade dispute. In fact, it’s not even about reaching a deal at this point. Instead, it is more about some sign, however small, that there is even any sort of dialogue taking pl...

Europe

Battlefront Reporting; Technical Limits; Poopy Water; Migrant Pressures

Battlefront Reporting Another day and more news on the trade war front. On the first day of new retaliatory tariffs by the EU on U.S. goods, German automakers offered zero-for-zero transatlantic tariffs. President Trump responded with the threat to impose 20 percent tariffs on imports of Europe...

Trade War Endgame; Laudable Reorg; Mixt

Trade War Endgame Starting the trade war was “easy” for Mr. Trump, sustaining it will become more difficult for domestic political reasons. That fact was revealed by this week’s Senate Finance Committee hearing during which its members expressed skepticism about the trade acti...

livestock

Cattle on Feed; Compact Comeback?

Cattle on Feed  Industry pre-report estimates for tomorrow’s Cattle on Feed report from USDA peg the total number of cattle on feed as of 1 June at 103.4 percent of last year. If realized, it would be the 17th consecutive month that the inventory was larger than the year prior. May p...

Battlefront Reporting; Technical Limits; Poopy Water; Migrant Pressures

Battlefront Reporting Another day and more news on the trade war front. On the first day of new retaliatory tariffs by the EU on U.S. goods, German automakers offered zero-for-zero transatlantic tariffs. President Trump responded with the threat to impose 20 percent tariffs on imports of Europe...

Trade War Endgame; Laudable Reorg; Mixt

Trade War Endgame Starting the trade war was “easy” for Mr. Trump, sustaining it will become more difficult for domestic political reasons. That fact was revealed by this week’s Senate Finance Committee hearing during which its members expressed skepticism about the trade acti...

livestock

Cattle on Feed; Compact Comeback?

Cattle on Feed  Industry pre-report estimates for tomorrow’s Cattle on Feed report from USDA peg the total number of cattle on feed as of 1 June at 103.4 percent of last year. If realized, it would be the 17th consecutive month that the inventory was larger than the year prior. May p...

soy-oilseeds

Oilseed Highlights: Palm Oil Prices; U.S. Soy Export Sales; Brazil’s Soy Exports

Falling Palm Oil Prices Reach Two-Year Low Palm oil prices are declining because of anemic demand and the market turmoil caused by the U.S.-China trade dispute. Today the September palm oil futures price on the Malaysian futures exchange fell for the fourth consecutive day to the equivalent of...

India

soy-oilseeds softs biofuel

Indian Subcontinent Regional Analysis

Falling Soymeal Prices May Move Up if Exports Continue Soybean and soymeal prices moved lower last week but had some upward movement near its end, and they are stable now due to slow poultry sector demand as well as international cues. However, world prices are still lower.The Indian soybean sp...

Trade War Endgame; Laudable Reorg; Mixt

Trade War Endgame Starting the trade war was “easy” for Mr. Trump, sustaining it will become more difficult for domestic political reasons. That fact was revealed by this week’s Senate Finance Committee hearing during which its members expressed skepticism about the trade acti...

soy-oilseeds

Oilseed Highlights: Palm Oil Prices; U.S. Soy Export Sales; Brazil’s Soy Exports

Falling Palm Oil Prices Reach Two-Year Low Palm oil prices are declining because of anemic demand and the market turmoil caused by the U.S.-China trade dispute. Today the September palm oil futures price on the Malaysian futures exchange fell for the fourth consecutive day to the equivalent of...

soy-oilseeds softs biofuel

Indian Subcontinent Regional Analysis

Falling Soymeal Prices May Move Up if Exports Continue Soybean and soymeal prices moved lower last week but had some upward movement near its end, and they are stable now due to slow poultry sector demand as well as international cues. However, world prices are still lower.The Indian soybean sp...

Trade War Endgame; Laudable Reorg; Mixt

Trade War Endgame Starting the trade war was “easy” for Mr. Trump, sustaining it will become more difficult for domestic political reasons. That fact was revealed by this week’s Senate Finance Committee hearing during which its members expressed skepticism about the trade acti...

soy-oilseeds

Oilseed Highlights: Palm Oil Prices; U.S. Soy Export Sales; Brazil’s Soy Exports

Falling Palm Oil Prices Reach Two-Year Low Palm oil prices are declining because of anemic demand and the market turmoil caused by the U.S.-China trade dispute. Today the September palm oil futures price on the Malaysian futures exchange fell for the fourth consecutive day to the equivalent of...

Predictable Trade War; Owed Freebies; Jurisdictional Meat; Sweet Natural Duplicity

Predictable Trade War After the Shanghai Composite Index plunged in value, the headlines say that the Chinese were “caught off guard” by President Trump’s announcement of counter-retaliatory tariffs on $200 billion of Chinese exports. Wall Street was also supposedly surprised...

Middle East & Africa

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS As part of its budget control measures, Egypt has announced price increases of 35-40 percent for gasoline (depending on the grade) and 60 percent for home cooking gas. This announcement was made during the Eid Al-Fitr holidays to avoid any org...

wheat feed-grains soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Syria and Russia are said to be developing a shipping route between Tartus, Syria and Sebastopol, Crimea, mainly for the supply of grain to Syria but also for building materials. Syria will ship agricultural products to Sebastopol. “Rebe...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 28 May-1 June 2018 Domestic grain prices mainly grew as the volumes of stocks offered on the market were limited. Thus, despite the record results of MY 2017/18 grain exports, which may total 54 MMT, sellers rather than buyers are now determining the domestic market price...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS As part of its budget control measures, Egypt has announced price increases of 35-40 percent for gasoline (depending on the grade) and 60 percent for home cooking gas. This announcement was made during the Eid Al-Fitr holidays to avoid any org...

wheat feed-grains soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Syria and Russia are said to be developing a shipping route between Tartus, Syria and Sebastopol, Crimea, mainly for the supply of grain to Syria but also for building materials. Syria will ship agricultural products to Sebastopol. “Rebe...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 28 May-1 June 2018 Domestic grain prices mainly grew as the volumes of stocks offered on the market were limited. Thus, despite the record results of MY 2017/18 grain exports, which may total 54 MMT, sellers rather than buyers are now determining the domestic market price...

wheat feed-grains soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Middle East, Mediterranean and Africa Regional Analysis Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Tunisia’s grain harvest for this year is forecast to drop 200,000 MT to a total 1.4 MMT, which includes 923,000 MT of durum wheat, 119,000 MT soft wheat and 362,000 MT of barley. Dr...

North America

Battlefront Reporting; Technical Limits; Poopy Water; Migrant Pressures

Battlefront Reporting Another day and more news on the trade war front. On the first day of new retaliatory tariffs by the EU on U.S. goods, German automakers offered zero-for-zero transatlantic tariffs. President Trump responded with the threat to impose 20 percent tariffs on imports of Europe...

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

feed-grains soy-oilseeds wheat

Summary of Futures

Changes in energy products’ recent price behavior point to potential trading opportunities. Similarly, the momentum indicators in grains show opportunities in those commodities are rapidly changing as well. Finally, livestock and soft commodity futures are analyzed and their forward curve...

Battlefront Reporting; Technical Limits; Poopy Water; Migrant Pressures

Battlefront Reporting Another day and more news on the trade war front. On the first day of new retaliatory tariffs by the EU on U.S. goods, German automakers offered zero-for-zero transatlantic tariffs. President Trump responded with the threat to impose 20 percent tariffs on imports of Europe...

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

feed-grains soy-oilseeds wheat

Summary of Futures

Changes in energy products’ recent price behavior point to potential trading opportunities. Similarly, the momentum indicators in grains show opportunities in those commodities are rapidly changing as well. Finally, livestock and soft commodity futures are analyzed and their forward curve...

livestock

Cattle on Feed

United States Cattle on Feed on June 1, 2018 was up 4 percent above year ago.  Cattle and calves on feed for the slaughter in U.S. feedlots with capacity of 1,000 or more head totaled 11.6 million head: This is the highest June 1 inventory since the series began in 1996. Placements in feed...

South America

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

soy-oilseeds feed-grains wheat

No NAFTA Yet Either

Markets have been obsessed with the failure of the U.S. and China to reach any sort of agreement regarding their trade dispute. In fact, it’s not even about reaching a deal at this point. Instead, it is more about some sign, however small, that there is even any sort of dialogue taking pl...

soy-oilseeds

Oilseed Highlights: Palm Oil Prices; U.S. Soy Export Sales; Brazil’s Soy Exports

Falling Palm Oil Prices Reach Two-Year Low Palm oil prices are declining because of anemic demand and the market turmoil caused by the U.S.-China trade dispute. Today the September palm oil futures price on the Malaysian futures exchange fell for the fourth consecutive day to the equivalent of...

feed-grains soy-oilseeds wheat

Market Commentary

It was a peaceful night session with corn and wheat showing very little change. Meanwhile, soybeans were 7-8 cents higher with meal up $2.00-3.00. Markets will probably be in idle mode until there are more developments on trade issues either with China or NAFTA. They seem to have factored in th...

soy-oilseeds feed-grains wheat

No NAFTA Yet Either

Markets have been obsessed with the failure of the U.S. and China to reach any sort of agreement regarding their trade dispute. In fact, it’s not even about reaching a deal at this point. Instead, it is more about some sign, however small, that there is even any sort of dialogue taking pl...

soy-oilseeds

Oilseed Highlights: Palm Oil Prices; U.S. Soy Export Sales; Brazil’s Soy Exports

Falling Palm Oil Prices Reach Two-Year Low Palm oil prices are declining because of anemic demand and the market turmoil caused by the U.S.-China trade dispute. Today the September palm oil futures price on the Malaysian futures exchange fell for the fourth consecutive day to the equivalent of...

feed-grains

Does Corn Have a Story to Tell?

Grain and soy markets are almost totally consumed by trade disruption and the latest trade war threats voiced in Washington and Beijing. They note retaliatory tariffs against U.S. products imposed by the EU, India, Canada and Mexico (among others). They sense that the U.S position in the world...

Russia

soy-oilseeds feed-grains wheat

No NAFTA Yet Either

Markets have been obsessed with the failure of the U.S. and China to reach any sort of agreement regarding their trade dispute. In fact, it’s not even about reaching a deal at this point. Instead, it is more about some sign, however small, that there is even any sort of dialogue taking pl...

feed-grains soy-oilseeds wheat

Market Commentary

After trade war fears sank grain and soy futures yesterday, the overnight session opened cautiously. Prices edged a bit higher, but trading was tentative and volume was low. Yesterday’s emotional lashing left markets in a highly oversold state. However, without a signal that further discu...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS As part of its budget control measures, Egypt has announced price increases of 35-40 percent for gasoline (depending on the grade) and 60 percent for home cooking gas. This announcement was made during the Eid Al-Fitr holidays to avoid any org...

soy-oilseeds feed-grains wheat

No NAFTA Yet Either

Markets have been obsessed with the failure of the U.S. and China to reach any sort of agreement regarding their trade dispute. In fact, it’s not even about reaching a deal at this point. Instead, it is more about some sign, however small, that there is even any sort of dialogue taking pl...

feed-grains soy-oilseeds wheat

Market Commentary

After trade war fears sank grain and soy futures yesterday, the overnight session opened cautiously. Prices edged a bit higher, but trading was tentative and volume was low. Yesterday’s emotional lashing left markets in a highly oversold state. However, without a signal that further discu...

wheat feed-grains

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS As part of its budget control measures, Egypt has announced price increases of 35-40 percent for gasoline (depending on the grade) and 60 percent for home cooking gas. This announcement was made during the Eid Al-Fitr holidays to avoid any org...

feed-grains

WASDE Corn

USDA noted that export inspection data for the month of May implies continued robust global demand for U.S. corn, while old crop outstanding sales at this point in the marketing year are record high. Corn feed and residual use is lowered 25 million bushels with increased ethanol by-product prod...

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