While the expanding dryness that is starting to affect the 2017 U.S. hard red winter wheat production region has been covered in analysis here this week, there is another issue affecting all three wheat classes that needs to be re-emphasized.
While last Monday’s analysis covered the expanding dryness that is starting to affect the 2017 U.S. hard red winter wheat production region, another important issue that needs to be re-emphasized is the very wide disparity in cash prices among hard red winter wheat, hard red spring wheat and soft red winter wheat. The enormous hard red winter wheat yield coupled with some low protein issues created an interior glut that continues to search for a home. This was brought back into focus again last week...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
