World Perspectives
soy-oilseeds

Oilseed Highlights: Brazil and Argentine Weather, India Tariffs, Brazil Soy Exports, Pakistan

Parts of Brazil Soybean Area in Need of Rain Most the soybean growing areas of Brazil are apparently in good condition with adequate rainfall. However, in two areas – Northeast Brazil and Rio Grande do Sul - soybeans are suffering from dryness and need rainfall.  In northeastern Brazil (Maranhao, Piaui, Tocantins and Bahia) the monsoon rains have started later than normal and rainfall has been spotty and light. Unless the rains pickup very soon it is likely some of the planned soybeans will not get planted. Apparently, some farmers will plant more drought-hardy grain sorghum or nothing at all as it is getting close to being to late to plant.  In Rio Grande do Sul some areas have not received significant rainfall in a mont...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Sees Mixed Monday on Risk-off Trade; Feeder Cattle Rally on Import Ban

The holiday trading season is officially here, which means the CBOT will likely see fading volume and volatility until the new year. Ag markets reflected much of that sentiment on Monday with wheat and corn falling amid reduced concerns about the conflict in the Black Sea while soybeans and soy...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 25 November)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2475/bushel, down $0.0075 from yesterday's close. Mar 25 Wheat closed at $5.5575/bushel, down $0.09 from yesterday's close. Jan 25 Soybeans closed at $9.8575/bushel, up $0.0225 from yesterday's close. Jan 25 Soymeal closed at $295.9/short ton, up $4.4 fro...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Sees Mixed Monday on Risk-off Trade; Feeder Cattle Rally on Import Ban

The holiday trading season is officially here, which means the CBOT will likely see fading volume and volatility until the new year. Ag markets reflected much of that sentiment on Monday with wheat and corn falling amid reduced concerns about the conflict in the Black Sea while soybeans and soy...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 25 November)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2475/bushel, down $0.0075 from yesterday's close. Mar 25 Wheat closed at $5.5575/bushel, down $0.09 from yesterday's close. Jan 25 Soybeans closed at $9.8575/bushel, up $0.0225 from yesterday's close. Jan 25 Soymeal closed at $295.9/short ton, up $4.4 fro...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat High temperatures in recent days have slightly accelerated crop maturity and the harvest in Argentina. Weekly harvest progress reached 12 percent, with 30 percent of the area harvested. Yields show significant variability. In some cases, yields are improving as harvesters move into t...

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