World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  Currently, 85 percent of Argentina’s wheat crop is in normal to good condition, reflecting a nearly 10 percent decline from the previous week. Recent rains benefited many areas, but a significant portion of the wheat has not received rain for several weeks and is showing signs of stress, such as reduced growth, yellowing, and leaf damage. The western part of Buenos Aires, La Pampa, parts of Córdoba, and the northern regions of the country are most affected by the lack of water. Some areas may receive rain over the next two weeks, but northern provinces like Santiago del Estero and Chaco are not expected to, which may reduce their wheat yield potential. Despite these challenges, expectations for a good wheat season...

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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: Corrections Lower, and Maybe Yet Lower

There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation. Soybeans, meal, and wheat have all been overbought with high RSI’s. ...

feed-grains soy-oilseeds

Historic Trends in USDA’s November Crop Production Report

Heading into next week’s (mercifully) planned USDA Crop Production and WASDE reports, a key focus of the markets has been forecasting the agency’s yield numbers.  Over the past five years, USDA has exhibited a tendency to reduce its forecast of the corn and soybean yield, harve...

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: Corrections Lower, and Maybe Yet Lower

There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation. Soybeans, meal, and wheat have all been overbought with high RSI’s. ...

feed-grains soy-oilseeds

Historic Trends in USDA’s November Crop Production Report

Heading into next week’s (mercifully) planned USDA Crop Production and WASDE reports, a key focus of the markets has been forecasting the agency’s yield numbers.  Over the past five years, USDA has exhibited a tendency to reduce its forecast of the corn and soybean yield, harve...

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...

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