The Market Of course, the big news in oilseed markets this past week has revolved around tariffs and retaliatory tariffs – most notably China a...
Articles
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...
Summary of Futures
May 25 Corn closed at $4.72/bushel, up $0.0275 from yesterday's close. May 25 Wheat closed at $5.625/bushel, up $0.1125 from yesterday's close. ...
Market Commentary: Retaliatory Tariffs and Pre-WASDE Positioning Drive CBOT
Pre-WASDE positioning and reactions to various tariffs and retaliatory tariffs drove much of the market’s action on Monday. The big news was China&rs...
New Canadian Prime Minister Selected
Last night, Canada selected a new prime minister-elect, as Justin Trudeau's reign, since November 2015, comes to a close amid a trade war with the U.S. On...
Mercosur Regional Analysis
Wheat In February, rainfall in Argentina’s core agricultural region averaged 222 mm, nearly double the 30-year historical average for the month...
Small Ideas; Technical Barriers; Advice to DOGE
Small Ideas U.S. Treasury Secretary Scott Bessent said the objective is to reduce the role of the government. This makes sense considering the explosion in...
CFTC COT Report Analysis
As expected, Friday’s CFTC report showed managed money funds to be aggressive net sellers across the ag complex due to tariff concerns, widespread &l...
Summary of Futures
May 25 Corn closed at $4.6925/bushel, up $0.0525 from yesterday's close. May 25 Wheat closed at $5.5125/bushel, down $0.0275 from yesterday's close.&...
Market Commentary: Partial Recovery on Slim News and Low Volume
After reacting to a fire hose of developments earlier this week, ag futures had little new fundamental input today except a brief hiatus in the trade war...
U.S. Soybean Crush Margin Outlook
The recent volatility in oilseed markets has caused the three legs of the U.S. soybean crush to see interesting and divergent dynamics in 2025. Soybean fut...
First Jobs Report of Trump Administration Released
Economists predicted that the number of jobs added last month would be 160,000 ahead of the employment report, however, the actual figure was lower than ex...
Market Commentary: Turnaround Tariff Day
Despite mostly lower markets in the overnight, the open this morning was slightly in the green but moved strongly higher after the Trump Administration ann...
Livestock Roundup: U.S. Canada Cattle Market
New trade disruptions, such as the 25 percent tariffs on Canadian feeder cattle, could possibly lead to more cattle being kept on pasture in Canada, which...
Summary of Futures
May 25 Corn closed at $4.64/bushel, up $0.0825 from yesterday's close. May 25 Wheat closed at $5.54/bushel, up $0.0575 from yesterday's close. ...
Export Sales
Export Sales and Shipments for February 21-27, 2025 Wheat: Net sales of 338,700 metric tons (MT) for 2024/2025 were up 26 percent from the previous w...
Oilseed Highlights: Tariffs Rock Global Oilseed Complex
The Market The CBOT soy complex saw dramatic volatility over the past week due to the impact of U.S. tariffs against Canada, Mexico, and China and Ch...
Summary of Futures
May 25 Corn closed at $4.5575/bushel, up $0.0425 from yesterday's close. May 25 Wheat closed at $5.4825/bushel, up $0.115 from yesterday's close.&nbs...
Signals of Easing Tariff Plans Lift CBOT Off Recent Lows
CBOT markets were higher after hints of tariff relief for Canada and Mexico emerged from Washington, D.C. Tuesday night and early Wednesday. White House sp...
Black Sea Regional Analysis
Russian Grain Markets: 24 – 28 February 2025 During the last week of February, the market remained bullish with some regional deviations. Milling whe...
Egg Estimations
Eggs are in the news due to avian influenza reducing the total supply and inelastic demand causing prices to skyrocket. However, the impacts are felt even...
Market Commentary: CBOT Extends Selloff on Retaliatory Tariffs
The CBOT saw aggressive selling pressure on Tuesday after China, Canada, and Mexico announced retaliatory tariffs against U.S. exports, including food and...
It’s Tarriff Day!
It’s tariff day! President Trump followed through on his plan to impose tariffs on various imported products across the economy. At 12:01 a.m. EST to...
Summary of Futures
May 25 Corn closed at $4.515/bushel, down $0.0475 from yesterday's close. May 25 Wheat closed at $5.3675/bushel, down $0.11 from yesterday's close.&n...