World Perspectives
feed-grains wheat softs

Indian Subcontinent Regional Analysis

India's sugar prices are expected to remain volatile as its area under sugarcane is down approximately 4 percent for 2016/17. Sugar is priced at $540/MT on the National Commodity and Derivatives Exchange (NCDEX), and the trade expects that imports could be triggered if it reaches $565-575/MT. Sugar Prices Expected to Remain Volatile The area under sugarcane is down approximately 4 percent for 2016/17 with government of India (GOI) data indicating 4.54 million hectares were planted as of 22 July 2016 compared with 4.74 million hectares as of the same date a year ago and the seasonal average of 4.8 million hectares. Unfortunately, 2015/16 was a bad year for sugarcane as water was not available. As a result, many farmers harvested immature c...

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feed-grains soy-oilseeds wheat

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May 26 Corn closed at $4.5375/bushel, down $0.0675 from yesterday's close.  May 26 Wheat closed at $6.0325/bushel, down $0.135 from yesterday's close.  May 26 Soybeans closed at $11.9625/bushel, down $0.045 from yesterday's close.  May 26 Soymeal closed at $313.5/short ton, down...

feed-grains soy-oilseeds wheat

Market Commentary: Crude Oil Rally and Crash Drives Whipsaw CBOT Action

The massive rally in energy markets remains the primary story underpinning ag markets. Front-month crude oil futures ripped higher overnight and traded above $100/brl for the first time since July 2022 before scoring an overnight high just shy of $120/brl. That strength pulled ag markets &ndash...

livestock

Livestock Industry Margins

Beef packer margins improved sharply, with estimated net losses narrowing to -$111/head from -$206/head the prior week. The recovery was driven by another firming in the boxed beef cutout, which rose to $379.00/cwt, while fed cattle prices softened modestly on the week. Even with the improvemen...

feed-grains soy-oilseeds wheat

Summary of Futures

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feed-grains soy-oilseeds wheat

Market Commentary: Crude Oil Rally and Crash Drives Whipsaw CBOT Action

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Process Standards as NTBs; Nazi Food

Process Standards as NTBs California’s Prop 12, which a House Agriculture Committee-passed farm bill is supposed to override, restricts the sale of pork and eggs in the state if not produced according to its restrictive standards. Such processing restrictions have long been used as nontar...

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