World Perspectives
feed-grains soy-oilseeds wheat

Show Me the Weather

It looks from here like wheat might have the tightest fundamentals going into MY 2014/15. Weather's impact on feed grains production (either negative or positive), coupled with Southern Hemisphere yields, will now determine if the highs have already been established or not.Last Friday's USDA reports have set the tone for the summer markets by giving the trade new benchmarks for production, consumption and ending supplies for MY 2014/15. The theme of the reports was consistent. Ending supplies of virtually every agricultural commodity are forecast to increase with the exception of U.S. wheat. Those supplies will fall because of the serious (and worsening) problem with the U.S. hard red winter wheat crop. Here are some additional thoughts: W...

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livestock

Livestock Round Up: Cattle Margins and Distribution

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