World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Delayed Reaction

USDA issued its outlook for 2023 major crops before the market opened this morning but the reaction to it was slow to develop. Perhaps initially because it didn’t really contain any surprises, and it mostly impacts the long-deferred contracts. Prices have been sky-high, and farmers are going to respond. Most have already bought their inputs and they are getting ready to plant. There was good trading volume, except in soybeans. USDA chose some unsurprising numbers: Overall area planted to corn, wheat and soybeans will rise 6.2 million acres (3 percent).  Wheat area will expand the most, up 8 percent, followed by corn at 2.9 percent, but that is up from last year’s smaller area. Soybean area is unchanged, though assuming...

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feed-grains soy-oilseeds wheat

Market Commentary: Comfortable, With Jitters

There was generally low volume in grains today as traders await USDA’s important reports on Friday. There is no reason to spend more money on fees or commissions after spending several days aligning with the perceived outcomes. At the same time, market noise does not completely stop and there i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, down $0.04 from yesterday's close. Mar 25 Wheat closed at $5.3625/bushel, down $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.945/bushel, down $0.0275 from yesterday's close. Mar 25 Soymeal closed at $300.8/short ton, down $2.7 fr...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 30 December 2024 – 3 January 2025As of the end of 2024, Russian Statistics Agency (RosStat) statistics show “preliminary” grain crop size at 124.96 MMT without including occupied territories of Ukraine, but including annexed Crimea. RosStat can issue “preliminary” updates...

feed-grains soy-oilseeds wheat

Market Commentary: Comfortable, With Jitters

There was generally low volume in grains today as traders await USDA’s important reports on Friday. There is no reason to spend more money on fees or commissions after spending several days aligning with the perceived outcomes. At the same time, market noise does not completely stop and there i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, down $0.04 from yesterday's close. Mar 25 Wheat closed at $5.3625/bushel, down $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.945/bushel, down $0.0275 from yesterday's close. Mar 25 Soymeal closed at $300.8/short ton, down $2.7 fr...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 30 December 2024 – 3 January 2025As of the end of 2024, Russian Statistics Agency (RosStat) statistics show “preliminary” grain crop size at 124.96 MMT without including occupied territories of Ukraine, but including annexed Crimea. RosStat can issue “preliminary” updates...

Trudeau Resigns as Canadian Prime Minister

On the campaign trail in 2024, then-candidate and now President-elect Donald Trump proposed to levy tariffs of 10 to 20 percent on all imports, and 60 percent on imports from China. Then on the week of Thanksgiving, that changed to 25 percent tariffs on Canada and Mexico, and an additional 10 p...

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