Regional News Egg shortages and rising prices are not just a feature of U.S. agriculture right now, German and northern European markets broadly are...
Articles
Deciphering Trump
The first 100 days of the second Trump presidency doesn’t end until 30 April and is a meaningless metric because Donald Trump’s initiatives wil...
CFTC COT Report Analysis
Last week’s CFTC report showed some interesting an unexpected trends. First, despite the technical bounce in corn futures, funds cut 36 percent of th...
Market Commentary: Week of Turmoil, Uncertainty, but Not All Dark
There was little in terms of new fundamentals today, and on generally lower volume the board saw mixed trading and results. It was a big week for HRW as th...
Summary of Futures
May 25 Corn closed at $4.585/bushel, down $0.0675 from yesterday's close. May 25 Wheat closed at $5.57/bushel, down $0.055 from yesterday's close.&nb...
CONAB Forecasts Record Soybean Production
Brazilian soybean farmers will reap an even bigger crop in the 2024/25 season than previously expected, according to forecasts released by the Brazilian cr...
Section 301 Measures Will Fail to Make America Great Again
The U.S. grain export industry – and the transportation sector broadly – are increasingly concerned about the USTR’s proposed Section 301...
Market Commentary: Tariffs, Inflation, Production, and a Higher Market
The market is facing many knowns and unknowns. How President Trump’s tariff war will proceed is top among the unknowns, though it cannot be good unti...
Summary of Futures
May 25 Corn closed at $4.6525/bushel, up $0.045 from yesterday's close. May 25 Wheat closed at $5.625/bushel, up $0.085 from yesterday's close. ...
Livestock Roundup: WASDE
Historical red meat and poultry supply and use estimates are adjusted to reflect revisions in slaughter, inventory, cold storage, and production data. Tota...
Oilseed Highlights: Trade Wars Continue to Drive Markets
The Market Of course, the big news in oilseed markets this past week has revolved around tariffs and retaliatory tariffs – most notably China a...
Market Commentary: Delayed WASDE Reaction, EU Retaliates, Feeder Cattle Hit New Highs
The CBOT was mostly lower on Wednesday as the lack of big changes in the March WASDE effectively amounted to ammunition for bears. Bull markets need to be...
Summary of Futures
May 25 Corn closed at $4.6075/bushel, down $0.095 from yesterday's close. May 25 Wheat closed at $5.54/bushel, down $0.0275 from yesterday's close.&n...
Black Sea Regional Analysis
Russian Grain Markets: 3 – 7 March 2025 The Russian Ministry of Agriculture forecasts this year's total planted area to be higher than the previous y...
Tariff Waste; Changing the EU; Cost of Data; Fake Food Safety
Tariff Waste Now that Trump tariffs are going into full swing, the question is for what objective? The President says other countries treat America unfairl...
Livestock Industry Margins
Livestock industry margins were mostly steady/higher last week, with the notable exception of beef packer margins. Beef processing profits fell $20/head la...
Markets Fall on WASDE and Trade War
Today’s March USDA WASDE report did nothing to temper the bearish mood in both commodity and equity markets. Volume was light ahead of the WASDE rele...
WASDE Soybeans
Soybeans: USDA’s March estimates for the U.S. 2024/25 season are unchanged this month. The season-average soybean price is projected at $9.95 per bus...
WASDE Corn
Corn: USDA’s March estimates for the U.S. 2024/25 season are unchanged from last month – and the season-average corn price received by farmers...
WASDE Wheat
Wheat: USDA reduced U.S. wheat exports for the 2024/25 season by 15 million bushels and increased imports by 10 million bushels. The result is that U...
Summary of Futures
May 25 Corn closed at $4.7025/bushel, down $0.0175 from yesterday's close. May 25 Wheat closed at $5.5675/bushel, down $0.0575 from yesterday's close...
Making Sense of the Economy
Q1 GDP growth is expected to be negative, per the Atlanta Fed “GDPNow.” Spending data is still generally positive through January, however, con...
Contextualizing the Scope of China’s Retaliatory Tariffs
The second Trump administration has roiled global markets in just its first few weeks in office, with some of the biggest impacts coming from the applicati...
Middle East, Mediterranean, and Africa Regional Analysis
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s change in government wheat importation is said to have led to market confusi...