World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Tuesday’s rumors had the Russian government taking steps to slow the frantic pace of wheat exports. Today it became clear that it did act but not in a way that was expected. The government apparently has closed about 30 interior grain elevators in Rostov and Krasnodar for three months. This move is described as punishment for the issuance of faulty and inaccurate quality certification for grain (mostly wheat) that was shipped from the facilities in question. That seems an odd penalty for misrepresenting grain quality. It is widely believed among Russian exporters that shutting these facilities through the end of the year, and thus significantly cutting the capacity for interior wheat origination, has been done to curtail wheat exports...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

WHEAT The Argentine wheat harvest advanced nearly 14 percentage points this past week, reaching 30 percent of the total area. Good weather accelerated maturation in some fields at the same time forecasts of weekend rainfall pushed harvesters to move quickly. Yields continue to surprise, with so...

feed-grains soy-oilseeds wheat

Market Commentary: Snow Falls Across Midwest, Commodities Fall Across CBOT

The U.S. Midwest received heavy snowfall this weekend and as snowflakes drifted lower so – apparently – did CBOT traders’ sentiments. The ag markets were almost entirely on the defensive to start the last month of the year with soyoil being the only major market to see meaning...

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feed-grains soy-oilseeds wheat

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WHEAT The Argentine wheat harvest advanced nearly 14 percentage points this past week, reaching 30 percent of the total area. Good weather accelerated maturation in some fields at the same time forecasts of weekend rainfall pushed harvesters to move quickly. Yields continue to surprise, with so...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.45/bushel, down $0.0275 from yesterday's close.  Mar 26 Wheat closed at $5.35/bushel, down $0.035 from yesterday's close.  Jan 26 Soybeans closed at $11.28/bushel, down $0.0975 from yesterday's close.  Jan 26 Soymeal closed at $314.6/short ton, down $4.1...

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