World Perspectives
feed-grains wheat

Russia’s Grain Shortfall

Today’s USDA quarterly Grain Stocks report provided the market with a bullish input but there may be another shoe to drop. Russia’s stocks to use ratio for corn and wheat have been dropping for four straight years. Over that timeframe, it is down 64 percent for corn and 48 percent for wheat. Russia has continued to export wheat at low prices despite the tightening supply, but it has increased the export duty on corn by ten-fold, to 2,786.2 rubles ($30)/MT.  Russia has exported aggressively to both earn foreign exchange and build respect from food insecure nations. However, Moscow has concluded that at least when it comes to corn, it needs to cover its own food security needs and prevent domestic food inflation. But wheat a...

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feed-grains soy-oilseeds wheat

Market Commentary: Waiting for Confirmation or Contradiction

The CBOT was mostly in the red to start the week with the bullishness from Friday’s WASDE report failing to trigger enthusiasm from bulls this week. Corn and soybeans both tried to rally and follow Friday’s bullish action, but quickly triggered farmer/hedge selling and profit taking...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2325/bushel, down $0.0675 from yesterday's close.  Dec 25 Wheat closed at $5.25/bushel, up $0.015 from yesterday's close.  Nov 25 Soybeans closed at $10.4275/bushel, down $0.035 from yesterday's close.  Dec 25 Soymeal closed at $285.7/short ton, down $2.9...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn  Argentina’s 2024/25 corn harvest is virtually complete, with only isolated fields still being collected. Final output is expected to exceed 50 MMT. Attention now shifts to the 2025/26 crop, where planted area is projected at 7.8 million hectares — surpassed only by the 20...

feed-grains soy-oilseeds wheat

Market Commentary: Waiting for Confirmation or Contradiction

The CBOT was mostly in the red to start the week with the bullishness from Friday’s WASDE report failing to trigger enthusiasm from bulls this week. Corn and soybeans both tried to rally and follow Friday’s bullish action, but quickly triggered farmer/hedge selling and profit taking...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2325/bushel, down $0.0675 from yesterday's close.  Dec 25 Wheat closed at $5.25/bushel, up $0.015 from yesterday's close.  Nov 25 Soybeans closed at $10.4275/bushel, down $0.035 from yesterday's close.  Dec 25 Soymeal closed at $285.7/short ton, down $2.9...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn  Argentina’s 2024/25 corn harvest is virtually complete, with only isolated fields still being collected. Final output is expected to exceed 50 MMT. Attention now shifts to the 2025/26 crop, where planted area is projected at 7.8 million hectares — surpassed only by the 20...

feed-grains soy-oilseeds wheat

European Market Analysis

Milling Wheat  Global wheat futures all hit new contract lows last week with strong Russian exports (at cheaper prices), larger global production estimates, and few weather risks driving the bearish momentum. Markets managed to pare back those losses, however, by the week’s end and a...

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