USDA released the monthly Cattle on Feed report today; it was right in line with analysts’ pre-report consensus expectations making it neutral and an...

Mar 24 Corn closed at $4.455/bushel, up $0.015 from yesterday's close.  Mar 24 Wheat closed at $5.9325/bushel, up $0.0775 from yesterday's close. ...

Tradition Tackles Progress At least twelve EU member states are trying to block the introduction of lab-grown meat. The pretense is that such a product &ld...

The Market Pressured by improved weather in Brazil, favorable crop conditions in Argentina, and a softening Chinese market, March soybeans declined 0.89 pe...

Export Sales and Shipments for January 5-11, 2024 Wheat:  Net sales of 707,600 metric tons (MT) for 2023/2024 were up noticeably from the previous wee...

After hitting new contract lows in corn and wheat again today, there was a turnaround led by wheat. However, without any change in the underlying fundament...

USDA will release its Cattle on Feed report tomorrow; the consensus pre-report analysts’ estimate is for the inventory of cattle on feed to be 102 pe...

Mar 24 Corn closed at $4.44/bushel, up $0.0175 from yesterday's close.  Mar 24 Wheat closed at $5.855/bushel, up $0.03 from yesterday's close.  M...

Not Magnanimous An AgriPulse poll of geographically dispersed farmers from across the U.S. with at least $100,000 in gross annual income reflects some gree...

The CBOT was mostly lower at mid-week with traders still reacting to the bearish implications of the January WASDE. For bulls, matters seem to keep getting...

A record 1.2 million electric vehicles (EVs) were sold in the U.S. in 2023. EVs hit a record 8.1 percent market share in the fourth quarter. However, also...

Mar 24 Corn closed at $4.4225/bushel, down $0.0125 from yesterday's close.  Mar 24 Wheat closed at $5.825/bushel, up $0.005 from yesterday's close.&nb...

China’s National Bureau of Statistics reports that pork production increased 4.6 percent in 2023 to 57.94 MMT. This makes the fourth consecutive year...

Russian Grain Markets: 8–12 January 2024 After the January holidays, the Russian market is being revised step-by-step. The volume of trade is not so...

Mar 24 Corn closed at $4.435/bushel, down $0.035 from yesterday's close.  Mar 24 Wheat closed at $5.82/bushel, down $0.14 from yesterday's close. ...

The January WASDE and Grains Stocks reports are now past, but their impacts continued to drive CBOT price action to start the holiday-shortened week. Corn...

Budget Extension Over the weekend – doesn’t it seem budget deals are always struck on weekends – Congressional leaders came to an agreeme...

Transatlantic Commonality Politico’s senior foreign correspondent Nahal Toosi noted that ambassadors in Washington are warning that U.S. power and in...

Agriculture ministers from five EU countries (Bulgaria, Poland, Romania, Hungary, and Slovakia) are asking the European Commission to come up with a soluti...

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt reports that Suez Canal fees have dropped by 40 percent so far in 2...

USDA reduced the 2023/24 season-average U.S. soybean price by 15 cents to $12.75 per bushel. The soybean meal price is projected at $380 per short ton, dow...

USDA reduced the 2023/24 season-average U.S. farm price of corn by 5 cents to $4.80 per bushel. Corn production is estimated at a record 15.3 billion bushe...

USDA reduced the 2023/24 season-average U.S. farm price of wheat by $0.10 lower to $7.20 per bushel. The global wheat outlook for 2023/24 is for larger end...

The CBOT ended the week with fireworks as the Grain Stocks, WASDE, and winter wheat seedings reports all contained significant surprises. The surprises wer...

Please note that Monday, 15 January is a U.S. federal holiday in honor of Martin Luther King, Jr. As a result, both the markets and World Perspectives, Inc...

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...

The Iowa Caucus for the Republican primary is Monday 15 January. Following is a look at the process, structure, and the candidates’ ag platforms.&nbs...

The Market Today broke a record. For the first time in nine years, soybean futures did not rise on the release of the January WASDE report. With the except...

Mar 24 Corn closed at $4.47/bushel, down $0.1075 from yesterday's close.  Mar 24 Wheat closed at $5.96/bushel, down $0.0775 from yesterday's close.  Mar 24...

The market is steady but leaning bearish ahead of tomorrow’s USDA January WASDE report. The agency will put its final touches on numbers for 2023 and...

Cold and snow is impacting cattle markets this week; slowing feedlot placements and moving heavier cattle to pasture rather than the feedlot. Feeders&rsquo...

Greens Whiff Farmers in Europe are upset with their policymakers. The French farmers union has just announced it backs the protests being made by German fa...

Mar 24 Corn closed at $4.5775/bushel, down $0.0175 from yesterday's close.  Mar 24 Wheat closed at $6.0375/bushel, down $0.07 from yesterday's close.&...

Export Sales and Shipments for December 29, 2023 – January 4, 2024. Wheat:  Net sales of 128,100 metric tons (MT) for 2023/2024 were down 3 perc...

The CBOT turned lower with just two days before the January WASDE and Grain Stocks report after export prospects dimed following more terrorist attacks in...

Mar 24 Corn closed at $4.595/bushel, up $0.0025 from yesterday's close.  Mar 24 Wheat closed at $6.1075/bushel, up $0.0075 from yesterday's close.&nbs...

Quackery Has its Limits  The USMCA panel opining on the Mexican ban on GMO corn has decided it will not accept comments from Canadian NGO groups wanti...

Import dependence for food rankles most politicians since they have persistently fed a nationalistic feedback loop on the issue to their constituents. No o...

Russian Grain Markets: 1–5 January 2024 Most of Russia’s regions have been celebrating the New Year holidays and the the Russian Orthodox Chris...

The CBOT posted a “Turnaround Tuesday” with grain and oilseed markets finding their way to higher ground after two weeks of steadily lower trad...

Chips War China complained that Washington’s export restrictions on semiconductors and on Chinese telecommunications companies violate WTO principles...

Two recent economic reports have generated attention: the November balance of payments trade deficit and the December payroll report. There are tea leaves...

USDA is leading a trade mission to India, noting that it is 1.4 billion people or 18 percent of the global population but accounts for less than one percen...

Mar 24 Corn closed at $4.5925/bushel, up $0.0425 from yesterday's close.  Mar 24 Wheat closed at $6.1/bushel, up $0.1375 from yesterday's close. ...

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Qatar has contributed $20 million to the “Grain from Ukraine”...

The CBOT followed its bearish drumbeat lower with corn, wheat, soybeans, and soymeal all logging steep declines for the day. Corn and Paris wheat futures s...

Bright Belgian Light According to Euractiv, Belgian Federal Minister David Clarinval said he would emphasize food sovereignty as he assumes the Presidency...

Grain producers saw the value of their output fall in 2023 and the best they can hope for in 2024 is to stem the bleeding. Meanwhile, Europeans are frustra...

Mar 24 Corn closed at $4.55/bushel, down $0.0575 from yesterday's close.  Mar 24 Wheat closed at $5.9625/bushel, down $0.1975 from yesterday's close.&...

As WPI has reported, the continuing resolution (CR) passed in November 2023 gave Congress two deadlines to pass the various 12 appropriations bills –...

Regional News  Europe has faced heavy rains and dramatic storms in recent weeks that are causing profound concerns for winter crops. While the rain ha...

Policy and Macroeconomic Update There is discomfort among farmers in the Argentine countryside. The newly inaugurated Milei administration promised during...

The CBOT saw corn and soybeans break lower overnight and extend that weakness in the day session with poor export sales data and favorable South American r...

Export Sales and Shipments for December 22-28, 2023   Wheat:  Net sales of 131,600 metric tons (MT) for 2023/2024 were down 52 percent from...

The Market This was the third week in a row for March soybeans taking a loss and prices are down at six-month lows. Ample rains in central Brazil are bring...

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...

Brazilian President Luiz Inacio Lula da Silva signed into law a new pesticide registration statute that will benefit the approval of generic pesticides. Th...

PepsiCo, Carrefour and GI’s A major story this week is major French retailer Carrefour saying it is dropping PepsiCo products because its prices are...

Mar 24 Corn closed at $4.6075/bushel, down $0.0575 from yesterday's close.  Mar 24 Wheat closed at $6.16/bushel, up $0.025 from yesterday's close.&nbs...

There was higher volume in SRW, HRW and lean hogs but overall volumes remained modest, and the export wire is quiet. The latter perhaps influenced by a str...

Russian Agriculture Enigma Among the many elections this year is Russia’s during 15-17 March. Vladimir Putin will be overwhelmingly elected. He has b...

China is in its holiday season; first was the Winter Solstice, the shortest day of the year, on 22 December. Next is the Lunar New Year which begins on 10...

Mar 24 Corn closed at $4.665/bushel, up $0.0125 from yesterday's close.  Mar 24 Wheat closed at $6.135/bushel, up $0.1325 from yesterday's close. ...

Note, the following is an attempt to summarize 2023’s major developments in ag markets and U.S. and world politics while injecting humor. Obviously,...

The CBOT saw pressure for the second straight day with a four-day rebound in the U.S. dollar working against grain values. While the rising greenback press...

Trade is Dead, So is Ag The U.S. agricultural trade balance has reversed, going from positive to negative. Industry leaders are arguing that the solution i...

Most reviews of the year 2023 characterize the period as tumultuous, largely due to the wars in Ukraine and the Middle East, coups in Africa driven by gold...

Mar 24 Corn closed at $4.6525/bushel, up $0.015 from yesterday's close.  Mar 24 Wheat closed at $6.0025/bushel, down $0.065 from yesterday's close.&nb...

Russian Grain Markets: 25–29 December 2023 As of late December, the Russian Ministry of Agriculture forecasts grain production at 142 MMT. A week ago...

The CBOT started the holiday-shortened trading week with an old fashion hard open on Tuesday morning with no overnight trade to guide initial investment. T...

2024 Food Industry Politico says the Biden Administration will crank up its anti-big business efforts for this election year. A long list of anti-trust inv...

Mar 24 Corn closed at $4.6375/bushel, down $0.075 from yesterday's close.  Mar 24 Wheat closed at $6.0675/bushel, down $0.2125 from yesterday's close...

There are several pundits predicting this is the year that evidences the rise in consumption of plant-based proteins and the end of meat from animals. Thes...

It is 2024, and the upcoming Presidential and Congressional elections will start to cast a shadow over policy debates and timelines in Washington. For cont...

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION BRICS membership increased on 1 January 2024 to include Egypt, Iran, Saud...

Export Sales and Shipments for December 15-21, 2023. Wheat:  Net sales of 276,400 metric tons (MT) for 2023/2024 were down 14 percent from the previou...

Mar 24 Corn closed at $4.7125/bushel, down $0.03 from yesterday's close.  Mar 24 Wheat closed at $6.28/bushel, down $0.035 from yesterday's close.&nbs...

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...

The WPI team extends our best wishes to you and your families for a healthy and happy New Year. Thank you for your faithful readership, we are looking forw...

The CBOT was mostly lower to close the 2023 calendar year, a fitting end to a year that saw deeply bearish price action across the grain markets. Since the...

Except for wheat, the CBOT and CME’s major ag markets were uniformly lower in a relatively unexciting trading session Thursday. Wheat managed to esca...

Mar 24 Corn closed at $4.7425/bushel, down $0.0225 from yesterday's close.  Mar 24 Wheat closed at $6.315/bushel, up $0.085 from yesterday's close.&nb...

Last Friday USDA released its quarterly Hogs and Pigs report for the September through November quarter. The total inventory of hogs and pigs on 1 December...

Mar 24 Corn closed at $4.765/bushel, down $0.0375 from yesterday's close.  Mar 24 Wheat closed at $6.23/bushel, down $0.1325 from yesterday's close.&n...

Wheat had a modest reversal from yesterday’s jump higher on profit-taking, soybeans and feeder cattle continued adding value, while soyoil and pigs c...

Russian Grain Markets: 18–22 December 2023 As of mid-December, the Russian Statistics Agency reports 142.6 MMT of grains harvested in standard weight...

Mar 24 Corn closed at $4.8025/bushel, up $0.0725 from yesterday's close.  Mar 24 Wheat closed at $6.3625/bushel, up $0.2 from yesterday's close.  Mar 24 So...

Traders must have gotten some cash in their Christmas stockings because there was a slight buying mood in the market today. Except for bean oil and pork, m...

U.S. Cattle on Feed was up 3 percent from year ago on Dec 1 to total 12.0 million head in feedlots with capacity of 1,000 or more head. Placements in feedl...

Mar 24 Corn closed at $4.73/bushel, up $0.005 from yesterday's close.  Mar 24 Wheat closed at $6.1625/bushel, up $0.0375 from yesterday's close. ...

Trading volumes today were down 40-50 percent in some commodities, but the bottom line was some exiting and losses from the week before an extended holiday...

It was a big day for livestock market reports from USDA with the monthly Cattle on Feed report and the quarterly Hogs and Pigs report, both at the closing...

President Biden sided with the steel workers union and will put Nippon Steel’s purchase of US Steel through the “serious scrutiny” of the...

The Market  Oilseed markets have seen more pressure than support this week due to improved weather forecasts for Brazil and increasingly challenging g...

Export Sales and Shipments for December 8-14, 2023. Wheat:  Net sales of 322,700 metric tons (MT) for 2023/2024 were down 78 percent from the previous...

As expected, commodity futures traded on generally lighter volumes and will continue that way until a new year of trading starts in January. Corn, wheat, a...

Mar 24 Corn closed at $4.725/bushel, up $0.0275 from yesterday's close.  Mar 24 Wheat closed at $6.125/bushel, up $0.025 from yesterday's close. ...

USDA will release its Cattle on Feed report tomorrow, along with the December quarterly Hogs and Pigs report.   The cattle markets are anticipati...

Bitter Problem The U.S. sugar program is an protectionist abomination emanating from a political deal in the 1981 farm bill. Unlike other crops that are su...

The CBOT was almost uniformly lower on Wednesday with pressure building from increasingly challenging shipping logistics around the world. The situation in...

232 Confusion WTO dispute settlement rulings are arcane, highly legalistic, but sometimes contradictory to the layman’s eye. The latest case is a rul...

Russian Grain Markets: 11–15 December 2023 Russian agriculture has had a difficult year with global sanctions in place creating problems with inputs...

Conflicting supply and demand factors resulted in mixed trade at the CBOT once again, but the surprise of the day was KCBT wheat’s 2.2 percent rally...

Mar 24 Corn closed at $4.7275/bushel, down $0.0425 from yesterday's close.  Mar 24 Wheat closed at $6.2275/bushel, up $0.0575 from yesterday's close.&...

As we reported last week, farmers’ cost of production has been at record levels six consecutive years; that is a good context for the EPA’s lat...

According to the FAO agricultural trade index, Africa has experienced the relatively largest jump in the past decade, followed by North and South America...

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Food price inflation rates, according to the World Bank, show Lebanon at...

The CBOT was mixed to start the last full trading week of 2023 with the soy complex rallying on the heels of last week’s NOPA crush report. The repor...

Mar 24 Corn closed at $4.77/bushel, down $0.06 from yesterday's close.  Mar 24 Wheat closed at $6.17/bushel, down $0.1225 from yesterday's close. ...

Policy Updates Argentina’s new government led by Javier Milei has begun and several new measures have been implemented. Despite being unpopular and r...

Farm Bill Little to no progress has been made on the farm bill, souring hopes of finishing in early 2024. The fault line remains funding. Typically, over t...

Regional News  In its latest crop monitoring bulletin, the EU Commission’s MARS division noted few to no negative impacts on winter crops from t...

Not Walking the Talk The European Environmental Agency has assessed the EU’s commitments and concludes that the goal of reducing emissions 55 percent...

The government of Mexican President Andrés Manuel López Obrador and now the social justice warrior class in the U.S. are framing the impendin...

Trade at the CBOT was mostly a low-volume affair heading into the weekend and there was a growing sense that, except for wheat and cattle, most of the week...

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...

Jones Act: The EU is correctly arguing that the Jones Act, an American law restricting intra-U.S. shipping be restricted to domestically built and operated...

Mar 24 Corn closed at $4.83/bushel, up $0.0375 from yesterday's close.  Mar 24 Wheat closed at $6.2925/bushel, up $0.135 from yesterday's close. ...

The Market The January soybean contract managed to end the week higher after decent declines but settling at 1315.75/bushel still leaves it below the 100-d...

The Federal Reserve held interest rates steady on Thursday, indicating that it considers it has crossed the finish line in its effort to rein in inflation...

Export Sales and Shipments for December 1-7, 2023 Wheat:  Net sales of 1,490,500 metric tons (MT) for 2023/2024--a marketing-year high--were up notice...

Mar 24 Corn closed at $4.7925/bushel, down $0.0025 from yesterday's close.  Mar 24 Wheat closed at $6.1575/bushel, up $0.105 from yesterday's close.&n...

Today’s open followed last night’s close with corn, soybeans, and wheat all higher. The market subsequently dipped but only corn and soyoil fai...

EU Reveals Export Future The fundamental debate in Geneva between agricultural exporting countries and developing countries is domestic support versus mark...

According to Kansas State University’s Meat Demand Monitor, the willingness to pay for meat in November versus October is down among five items monit...

Macroeconomic and commodity market policy factors were front and center for the CBOT’s trade on Wednesday, following the devaluation of the Argentine...

Wishful Thinking on China Retaliation The U.S. House Select Committee on the Strategic Competition Between the United States and the Chinese Communist has...

Mar 24 Corn closed at $4.795/bushel, down $0.0575 from yesterday's close.  Mar 24 Wheat closed at $6.0525/bushel, down $0.2025 from yesterday's close...

Decades ago, when wheat was king, WPI had many analysts keenly interested in wheat. Since then, corn became king and now soybeans jockey for top honors. Wh...

Russian Grain Markets: 4–8 December 2023 As of 8 December, the Russian government reports the wheat crop at 95 MMT in bunker weight versus 105.6 MMT...

The CBOT was mixed on Tuesday with the three legs of the soy crush all trading lower amid technical selling and a steep selloff in crude oil values. In con...

Aggies See China Pain China has been the top market for U.S. agriculture since 2020 and its share in some products is overwhelming. For this reason, a coal...

Mar 24 Corn closed at $4.8525/bushel, up $0.0375 from yesterday's close.  Mar 24 Wheat closed at $6.255/bushel, up $0.16 from yesterday's close. ...

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s rate of inflation dropped a little in November to 34.6 perc...

The CBOT’s Monday trade saw two notable reversals from the recent week’s trends. The first was the strength in soybean futures, which erased al...

Mar 24 Corn closed at $4.815/bushel, down $0.04 from yesterday's close.  Mar 24 Wheat closed at $6.095/bushel, down $0.2225 from yesterday's close.&nb...

GI’s for EV’s Europe’s leaders’ real concern when meeting with their Chinese counterparts last week was not the growing trade defic...

The New Delhi playbook for staple crops is to offer farmers a generous Minimum Support Price (MSP), donate the extra output to the nation’s poor, and...

Argentina’s Policy and Macroeconomic Situation  Argentina’s trading last week was shortened due to a national holiday on Friday. At the sa...

USDA’s 30 November farm income forecast shows net farm income at $151.1 billion for CY 2023, a decrease of $31.8 billion, or 17.4 percent, relative t...

Mar 24 Corn closed at $4.855/bushel, down $0.025 from yesterday's close.  Mar 24 Wheat closed at $6.3175/bushel, down $0.105 from yesterday's close.&n...

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...

The December WASDE is not normally a market-moving report, and this year was no exception. The USDA made only mild revisions to U.S. and global grain balan...

Back in October, the initial, or advanced, Q3 GDP report showed the U.S. economy grew 4.9 percent; and on 29 November the GDP estimate was revised up to 5...

South American weather improvement hung over the market all week, and though December's WASDE report reflected a dent imposed on Brazil's soybean crop by d...

The Biden Administration and others have already shown their animosity toward Big Ag. Heading into 2024 the hate may grow larger. The President’s ree...

Confidence in short positions was slightly challenged today as traders positioned ahead of tomorrow’s USDA December WASDE. January soybeans jumped ba...

CME cattle futures have grabbed the attention in the U.S., but in China, hog futures are the focus. January hog futures on the Dalian exchange are at a new...

Mar 24 Corn closed at $4.88/bushel, up $0.0375 from yesterday's close.  Mar 24 Wheat closed at $6.4225/bushel, up $0.0875 from yesterday's close. ...

Hobbling AI The EU has neared agreement on doing what it does best, regulating. This time its target is artificial intelligence. France and Germany were re...

Export Sales and Shipments for November 24-30, 2023. Wheat:  Net sales of 356,400 metric tons (MT) for 2023/2024 were down 43 percent from the previou...

The CBOT turned red for the day with the rallies in wheat and corn fading with the December WASDE looming on Friday. USDA reported fresh SRW wheat export s...

NGT Optimism EU Parliament rapporteur for the Commission’s proposed new policy on new genomic techniques (NGT’s) is Jessica Polfjärd and s...

Global demand for avocados has been growing at 7 percent per year. Mexico produces 30 percent of the world’s avocados but supplies 45 percent of thos...

Mar 24 Corn closed at $4.8425/bushel, down $0.0625 from yesterday's close.  Mar 24 Wheat closed at $6.335/bushel, up $0.0225 from yesterday's close.&n...

Russian Grain Markets: 27 November–1 December 2023 Russian markets finally broke the bear which has been present almost since the beginning of the ne...

Trends at the CBOT continue to diverge with wheat futures rallying sharply on fresh Chinese interest in U.S. SRW wheat. The wheat market has been the upsid...

As Matt Herrington has been covering, Live cattle and feeder cattle futures have been volatile since the day after Thanksgiving – but trending mostly...

The multi-year effort to negotiate a trade agreement between the EU and Mercosur appears to have run into too many hurdles on both sides of the Atlantic. F...

Outbreaks of Highly Pathogenic Avian Influenza (H5N1) have been trending higher in recent years. The World Health Organization describes the disease as &ld...

Mar 24 Corn closed at $4.905/bushel, up $0.05 from yesterday's close.  Mar 24 Wheat closed at $6.3125/bushel, up $0.1075 from yesterday's close. ...

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Red Sea and Arabian Sea shipments in transit are being attacked by forces...

Rains in Brazil and Argentina heavily influenced the CBOT to start the week and sent the entire soy complex sharply lower. The precipitation also weighed o...

Decoupling or Redirected There is much academic debate over whether U.S.- China trade has been decoupled, or merely redirected with Chinese goods diverted...

Mar 24 Corn closed at $4.855/bushel, up $0.0075 from yesterday's close.  Mar 24 Wheat closed at $6.205/bushel, up $0.1775 from yesterday's close. ...

As the 28th United Nations climate summit (COP28) convenes in Dubai, sustainability and climate issues are the theme of the week, making it timely to look...

Regional News  On 1 December, Bulgaria lifted its import ban on four agricultural products (wheat, corn sunflower seed, and rapeseed) from Ukraine.&nb...

Wheat Argentina’s wheat harvest keeps moving at high speed and advanced 10 percent last week, which put the total harvest above 35 percent of the are...

The CBOT continued its mid-week trends into the week’s end with corn and wheat futures posting another higher day with short covering and technical,...

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity marke...

Mar 24 Corn closed at $4.8475/bushel, up $0.02 from yesterday's close.  Mar 24 Wheat closed at $6.0275/bushel, up $0.0475 from yesterday's close. ...

Pork Plant Line Speeds USDA extended the New Swine Inspection System (NSIS) faster line speed trial period for 90 days; the program was scheduled to expire...

The Market Improved weather in Brazil took its toll on soybeans this week, taking Chicago prices down 5.75 cents to $13.25/bushel for the January contract...

Tautological Rabbit Hole The COP28 meeting in Dubai came to an agreement on a loss and damage fund whereby rich countries help poor countries weather the a...

It was a mixed day for futures trading with corn and wheat rebounding from early week contract lows but the soy complex sliding lower on a weak petroleum m...

The broiler sector has been “right-sizing” since Q3 after months of margin pressures reducing placement of broiler chicks.  That, along w...

Mar 24 Corn closed at $4.8275/bushel, up $0.07 from yesterday's close.  Mar 24 Wheat closed at $5.98/bushel, up $0.1225 from yesterday's close. ...

Export Sales and Shipments for November 17-23, 2023. Wheat:  Net sales of 622,800 metric tons (MT) for 2023/2024 were up noticeably from the previous...

Grains were once again the upside leader at the CBOT on Wednesday with wheat following through on Tuesday’s reversal in KCBT futures and the large ga...

Atlantic Risks EU Trade Commissioner Valdis Dombrovkis is a serious and competent politician. He is now signaling that reaching a conceptual deal with the...

Mar 24 Corn closed at $4.7575/bushel, up $0.0225 from yesterday's close.  Mar 24 Wheat closed at $5.8575/bushel, up $0.1375 from yesterday's close.&nb...

Russian Grain Markets: 20–24 November 2023  Russian markets remained quite volatile, however, the Asian area finally stabilized because Kazakhst...

Tuesday’s ag commodity trade featured several interesting developments, not the least of which was the bullish key reversal in KCBT wheat. All three...

A recurring issue since 2016 under the Renewable Fuel Standard (RFS) has been EPA’s administration of the small refinery exemption (SRE) program. A c...

Last week’s win in the Netherlands by Gert Wilders was a stunning refutation of the Green Deal. The policy’s former protagonist in the EU Commi...

Dec 23 Corn closed at $4.515/bushel, down $0.04 from yesterday's close.  Mar 24 Wheat closed at $5.72/bushel, up $0.11 from yesterday's close.  J...

China has just over 18 percent of the world’s population, but its food imports and consumption share of world food supplies varies greatly. Soybeans...

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s Wadi Poultry, a division of Wadi Group, has seen the purcha...

Ag futures were almost uniformly red to start the week with wheat, corn, and the livestock markets extending Friday’s weakness and, in many cases, ca...

Rebalancing Global Meat The UN’s Food and Agriculture Organization will present a plan at next week’s COP28 meeting in Dubai that calls for ric...

Analysts have noted the analog years for adverse El Niño impacts in Brazil as 2015/16 and 2020/21. As in those years, Brazil has had limited moistur...

Dec 23 Corn closed at $4.555/bushel, down $0.0775 from yesterday's close.  Mar 24 Wheat closed at $5.61/bushel, down $0.1625 from yesterday's close.&n...