World Perspectives
feed-grains

AM Outlook - Two Potential Plays

GOOD MORNING, Prices for the soy complex are mixed, with beans lower, products trading both sides.   Oilshare is seeing some profit-taking on the back of lower palm and crude.   Grains are mixed with wheat higher to begin the session, but all turn positive by the end of the PM session.   The September Quarterly Stocks report was bearish beans and corn, and friendly / bullish wheat.  The report was decidedly more bearish beans than corn, which could set off a buy corn/sell bean spread trade.  Since prices were on nice rallies into the Sep 30 report, the aftermath of a bearish report was a set-up for a buy -the-report, sell -the- fact trade.  The bean number was a surprise, and since that market...

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USMCA Review Underway

U.S. trade officials have started the formal review process for the U.S.-Mexico-Canada Agreement (USMCA), inviting public comment ahead of next year's renegotiation of the pact. Under the process, the Office of the U.S. Trade Representative (USTR) will eventually be required to provide reports...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Session and More Ahead

Corn and soybeans traded much the way they did in the overnight session, though wheat posted something of a reversal. There were flash sales of corn to Mexico and Colombia but no new soybeans sales, which was bearish.  Treasury Secretary Scott Bessent, who is reportedly rising as a lead po...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

With China back in the market for U.S. soybeans and soy product margins diverging from recent patterns, soybean crushing margins are again in a state of uncertainty. Volatility in CBOT board soybean crush margins has lessened over the past month with the soybean futures rally being almost equal...

USMCA Review Underway

U.S. trade officials have started the formal review process for the U.S.-Mexico-Canada Agreement (USMCA), inviting public comment ahead of next year's renegotiation of the pact. Under the process, the Office of the U.S. Trade Representative (USTR) will eventually be required to provide reports...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Session and More Ahead

Corn and soybeans traded much the way they did in the overnight session, though wheat posted something of a reversal. There were flash sales of corn to Mexico and Colombia but no new soybeans sales, which was bearish.  Treasury Secretary Scott Bessent, who is reportedly rising as a lead po...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

With China back in the market for U.S. soybeans and soy product margins diverging from recent patterns, soybean crushing margins are again in a state of uncertainty. Volatility in CBOT board soybean crush margins has lessened over the past month with the soybean futures rally being almost equal...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4725/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.4025/bushel, up $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.195/bushel, up $0.0375 from yesterday's close.  Jan 26 Soymeal closed at $311.2/short ton, down $0.1 fr...

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Accountability and a comprehensive approach to export programming

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