World Perspectives
biofuel energy

China Scales Back Ethanol Use Goals

Just as hopes were high for resuming ethanol exports to China under the Phase One deal to be signed this week, China is suspending its national E10 ethanol blending plan which was to be in effect in 2020. While the E10 goal was never realistic – USDA’s FAS post in China estimated mid-way through last year the blend rate in 2019 would be about 2.5 percent - export prospects are now uncertain as China backs off its general aspirational goals on promoting ethanol use.   At least for 2020, China’s ethanol policy will remain a patchwork of local and provincial programs. Domestic production is capped by a number of factors in addition to available feedstock, including a lack of funding for continued subsidies to build...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, down $0.065 from yesterday's close.  Dec 25 Wheat closed at $5.355/bushel, down $0.1925 from yesterday's close.  Jan 26 Soybeans closed at $11.075/bushel, down $0.2675 from yesterday's close.  Dec 25 Soymeal closed at $312.7/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Rally as China Cuts Tariffs; Cattle Implosion Continues

Trade was once again at the forefront of the CBOT’s trade on Wednesday, with reductions in Chinese tariffs, rumors of Chinese buying, and a dimming political outlook for President Trump’s tariff regime being the most salient factors.  China announced today that it will cut tari...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3525/bushel, up $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.5475/bushel, up $0.045 from yesterday's close.  Jan 26 Soybeans closed at $11.3425/bushel, up $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $324.8/short ton, up $7.4 fr...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, down $0.065 from yesterday's close.  Dec 25 Wheat closed at $5.355/bushel, down $0.1925 from yesterday's close.  Jan 26 Soybeans closed at $11.075/bushel, down $0.2675 from yesterday's close.  Dec 25 Soymeal closed at $312.7/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Rally as China Cuts Tariffs; Cattle Implosion Continues

Trade was once again at the forefront of the CBOT’s trade on Wednesday, with reductions in Chinese tariffs, rumors of Chinese buying, and a dimming political outlook for President Trump’s tariff regime being the most salient factors.  China announced today that it will cut tari...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3525/bushel, up $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.5475/bushel, up $0.045 from yesterday's close.  Jan 26 Soybeans closed at $11.3425/bushel, up $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $324.8/short ton, up $7.4 fr...

feed-grains soy-oilseeds wheat

Market Commentary: An Appearance of Weakness

Bullish sentiments have been driving the CBOT higher since last week’s U.S.-China trade talks, but bears finally made an appearance on Tuesday. The CBOT saw the entire soy complex pullback as China has not confirmed anything about what the Trump administration claims was agreed to in Sout...

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