World Perspectives
feed-grains livestock softs

Indian Subcontinent Regional Analysis

India's production of milk, egg and poultry meat continues to grow, but most of that is consumed by a simultaneously expanding population. However, its buffalo meat is in high export demand for several reasons. India’s Sugar Production Continues to Trail as Prices Rise Sugar prices continue to increase and are currently $0.66/kg at retail and $0.548/kg at factory.According to new Indian Sugar Mills Association (ISMA) data, the country’s sugar production as of 15 February 2017 was 14.672 MMT versus 17.334 MMT on the same date last year, a 2.662 MMT or 15.35 percent decline. It will be difficult to cover this deficit when 191 (39.54 percent) of the 483 mills that started operations in 2016/17 are already closed. While production continues t...

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feed-grains soy-oilseeds wheat

Summary of Futures

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...

energy

Iran War Hits Fertilizer Supply and Disrupts SMP Trade

Today the war in Iran has hit its 10th day. Iranian forces have sustained their retaliatory strikes on US military assets and other key infrastructure in Kuwait, Qatar, Saudi Arabia, and the UAE. The latest Iranian attacks on Bahrain have damaged a water desalination plant. Further, more than a...

feed-grains soy-oilseeds wheat

Summary of Futures

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...

energy

Iran War Hits Fertilizer Supply and Disrupts SMP Trade

Today the war in Iran has hit its 10th day. Iranian forces have sustained their retaliatory strikes on US military assets and other key infrastructure in Kuwait, Qatar, Saudi Arabia, and the UAE. The latest Iranian attacks on Bahrain have damaged a water desalination plant. Further, more than a...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn The corn harvest is beginning to gain momentum in Argentina. So far, 7 percent of the area has been harvested, with the core corn region already reaching 10 percent. Yields remain heterogeneous. Some areas are performing well above average, while others are showing the impact of late-seaso...

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