After making landfall along the Gulf Coast of Florida, Hurricane Helene struck northeast Georgia and western North Carolina. All commodities in the region...
Articles
Green for You, Grey for Me; Slaying National Champions
Green for You, Grey for Me Some say the EU has been vague about whether it will seek a delay in the December 30 implementation deadline for implementing th...
Summary of Futures
Dec 24 Corn closed at $4.2475/bushel, up $0.0675 from yesterday's close. Dec 24 Wheat closed at $5.84/bushel, up $0.04 from yesterday's close. ...
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 u...
Mercosur Regional Analysis
Argentina’s Weather The weather remains a recurring issue in Argentina. The lack of rainfall across much of the country's agricultural region i...
European Market Analysis
Regional News Four regions in Russia’s Siberia have declared states of emergency due to heavy rains and flooding. Milling Wheat Wheat mar...
Grain Stocks Report Charts
The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the q...
CFTC COT Report Analysis
Funds activity in the ag futures markets was more subtle than expected for the second straight week. Specifically, fund short-covering in the corn and whea...
Market Commentary: Pre-Report Plus Brazil Lightens Risk
Volume was light except in soymeal, Feeders and lean hogs. USDA’s final quarterly stocks report for MY 2023/24 arrives Monday and it has surprised to...
Summary of Futures
Dec 24 Corn closed at $4.18/bushel, up $0.0475 from yesterday's close. Dec 24 Wheat closed at $5.8/bushel, down $0.0425 from yesterday's close. ...
Policy Quick Hits
Government Funding President Biden yesterday signed a continuing resolution passed by Congress to fund the government at current levels until 20 December...
Cow-Calf Margins Down from July but Still Imply Herd Rebuilding
Since WPI’s July update on cow-calf margins, expected 2024 returns for producers have shifted lower but remain well above year-ago values and near re...
Nudge versus Cudgel; New Japanese PM; Pesticide Restrictions
Nudge versus Cudgel The Biden Administration has achieved some market openings in various countries, the most recent being obtaining agreement from Chile t...
Summary of Futures
Dec 24 Corn closed at $4.1325/bushel, down $0.02 from yesterday's close. Dec 24 Wheat closed at $5.8425/bushel, down $0.05 from yesterday's close.&nb...
Market Commentary: Crude Oil Selloff Sinks Soyoil, Soybeans; Corn, Wheat Lower Ahead of Stocks Report
A surprise selloff in crude oil put heavy selling pressure on the CBOT soy complex on Thursday, with soyoil and soybeans scoring bearish reversals for the...
Oilseed Highlights: Weakness Today But Still Plenty of Support
The Market The soy complex has had a bullish week thus far, moving higher on a weather premium added for Brazil, and news that China, the largest importer...
Livestock Roundup: Hogs and Pigs Report Mostly Neutral
Today, USDA released its quarterly Hogs and Pigs report for the June through August quarter. The total inventory of hogs and pigs on 1 Spetmeber was...
Summary of Futures
Dec 24 Corn closed at $4.1525/bushel, up $0.035 from yesterday's close. Dec 24 Wheat closed at $5.8925/bushel, up $0.1125 from yesterday's close.&nbs...
Market Commentary: Soyoil and Beans Lead Sector Higher
The CBOT was higher once again with soybeans and the oilseed complex leading the way. Drought in Brazil and the surging soyoil prices have supported the co...
Industry Consolidation
U.S. antitrust law is complicated, but current efforts to block a merger between grocery retailers Albertsons and Kroger may not fit the bill. Current trig...
Black Sea Regional Analysis
Russian Grain Markets: 16–20 September 2024 Russian grain markets remained stagnant as export demand is weak and domestic demand is even weaker. More...
Market Commentary: Soybeans, Soyoil Extend Rallies; Wheat, Corn Fall as Short-Covering Fades
The CBOT saw diverging trading patterns on Tuesday with soybeans and soyoil continuing their rallies and extending gains to new highs. China is rumored to...
Hogs and Pigs Report Preview
On Thursday, USDA will release its quarterly Hogs and Pigs report for the June through August quarter showing the inventory as of 1 September. Pre-report e...
Tariff Spiral and WTO Failure; Nuclear Power and GMO’s
Tariff Spiral and WTO Failure Republican presidential nominee Donald Trump now says he will impose 200 percent tariffs on farm machinery from John Deere sh...
Energy and Agriculture
Global agriculture produces energy, with 23 percent of ethanol produced from sugarcane, and another 7 percent produced from the molasses byproduct of proce...
Summary of Futures
Dec 24 Corn closed at $4.1175/bushel, down $0.0175 from yesterday's close. Dec 24 Wheat closed at $5.78/bushel, down $0.045 from yesterday's close.&n...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Bangladesh reports that it will be importing 400,000 MT of wheat immediat...
Market Commentary: CBOT Rallies on Weather, Short Covering; Monetary Policy Turns Bullish Commodities
The CBOT jumped sharply higher to start the new week with wheat leading the move with overnight strength. Fund short covering drove much of the day&r...
Hypocritical on Process Standards; Buy America Bust; Politics of the Port Strike
Hypocritical on Process Standards EU Commission President Ursula von der Leyen will make a decision this week on implementation of the EU Deforestation Reg...
Summary of Futures
Dec 24 Corn closed at $4.135/bushel, up $0.1175 from yesterday's close. Dec 24 Wheat closed at $5.825/bushel, up $0.14 from yesterday's close. ...
Pending Port Strikes: U.S. East and Gulf Coasts and Vancouver Canada
With a pending 1 October strike deadline on the U.S. East and Gulf Coasts by the International Longshoreman’s Association (ILA), the U.S. Department...
Running Out of Protein
Europe ran out of energy when the Russian attack on Ukraine forced it to reduce imports from Russia. Europe lacks the ability to defend itself despite Russ...
European Market Analysis
Regional News WPI sources in Brussels say it’s increasingly likely that the EU Deforestation Regulations will be delayed until the region can d...
Mercosur Regional Analysis
Argentina Economic/Policy Update Argentine President Javier Milei, in a public speech this week, presented the 2025 budget that will be sent to Congr...
CFTC COT Report Analysis
Funds activity in the ag futures markets was more subdued last week than expected. Funds were slight net buyers in soybeans, soymeal, corn, and across the...
Cattle on Feed
U.S. Cattle on feed for the slaughter totaled 11.2 million head on September 1, 2024 - which was 1 percent above September 1, 2023. Placements in fee...