World Perspectives

Recent South America Analysis

feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

WheatOver the past seven days, the lack of rain allowed a 12.2-percentage-point increase in Argentina’s wheat harvest progress, which reached 76.1 percent of the area. Harvesting activities have focused on central and western Buenos Aires Province. Meanwhile, wheat commercialization and truck a...

FOB Prices and Freight Rates App (Updated 20 December)

Ocean Freight Comments - 20 December 2024By Matt HerringtonFreight markets – particularly the dry bulk sector - continue to see thin trade that is leaving rates in the doldrums. Demand and fresh inquiries remain light with vessel overcapacity further depressing rates. Vessel owners are continua...

feed-grains soy-oilseeds wheat

Market Commentary: The Soybean Breakdown

The country song Oklahoma Breakdown (originally written by Mike Hosty, subsequently popularized by red dirt country artist Stony LaRue, then eventually covered by Toby Keith who, in this analyst’s opinion, ruined it) contains the line “That Oklahoma Breakdown sure do got you cryin’” – a stateme...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Bounces while Soybeans Fall; Cattle and Hogs Post Bearish Reversals

The CBOT was mixed on the start of the last full trading week of 2024 with exports and South American weather being the primary variables to affect market dynamics. The corn market turned higher on the strong export pace and on some hints of dryness emerging in south-central Argentina. The KC w...

soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Argentina’s wheat harvest recorded a week-on-week progress of 15.8 percentage points and reached 63.9 percent of the total area. Yields remain generally good and, in some cases, surpass initial expectations, prompting upward revisions to production estimates. The market projects 18–1...

Argentina’s Economy One Year after Milei

A look at Argentina’s fiscal and economic policy is instructive on two levels. First, understanding its impact for Argentina’s position in ag commodity trade, and second as a policy analog. President-elect Trump will create the new Department of Government Efficiency (DOGE) which will be part o...

soy-oilseeds

Wasde Soybeans

WASDE Soybeans: 2024/25 U.S. soybean supply and use projections are unchanged. There was a significant increase in soybean oil exports by 500 million pounds to 1.1 billion. However, that increase was partly offset by reduction in food, feed, and other industrial use of soybean oil by 200 millio...

feed-grains

Wasde Corn

WASDE Corn: 2024/25 U.S. corn use for ethanol production is increased by 50 million bushels to 5.5 billion. U.S. corn exports are raised 150 million bushels to 2.5 billion. The result is that corn ending stocks are reduced by 200 million bushels to 1.7 billion. The season-average corn price rec...

wheat

Wasde Wheat

WASDE Wheat: 2024/25 U.S. wheat exports are raised 25 million bushels to 850 million bushels. U.S. wheat ending stocks are reduced by 20 million bushels to 795 million - which USDA notes is still 14 percent above last year. The season-average farm price is unchanged at $5.60 per bushel.USDA's g...

wheat feed-grains soy-oilseeds

Mercosur Regional Analysis

Wheat The Argentine wheat harvest has reached 48.1 percent of the expected area, with weekly progress of 9.4 percentage points, with efforts primarily focused in the central agricultural region. Standing crops are transitioning from late grain filling to physiological maturity, with 80.7 p...

Trump Tariffs Round Two – Canada and Mexico

In various social media posts, President-elect Trump last week announced his plans to implement a 25 percent tariff on all goods from Canada and Mexico, stating “… as one of my first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25 percent tariff on all pro...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

November Rainfall and Crop Impacts in ArgentinaRecent rains have brought significant rain accumulation for Argentina, with precipitation in November exceeding the historical monthly average in most areas. After three years of severe drought, the rainfall is a welcome development for soil moistu...

feed-grains wheat soy-oilseeds

Mercosur Regional Analysis

WheatOver the past seven days, the lack of rain allowed a 12.2-percentage-point increase in Argentina’s wheat harvest progress, which reached 76.1 percent of the area. Harvesting activities have focused on central and western Buenos Aires Province. Meanwhile, wheat commercialization and truck a...

FOB Prices and Freight Rates App (Updated 20 December)

Ocean Freight Comments - 20 December 2024By Matt HerringtonFreight markets – particularly the dry bulk sector - continue to see thin trade that is leaving rates in the doldrums. Demand and fresh inquiries remain light with vessel overcapacity further depressing rates. Vessel owners are continua...

feed-grains soy-oilseeds wheat

Market Commentary: The Soybean Breakdown

The country song Oklahoma Breakdown (originally written by Mike Hosty, subsequently popularized by red dirt country artist Stony LaRue, then eventually covered by Toby Keith who, in this analyst’s opinion, ruined it) contains the line “That Oklahoma Breakdown sure do got you cryin’” – a stateme...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Bounces while Soybeans Fall; Cattle and Hogs Post Bearish Reversals

The CBOT was mixed on the start of the last full trading week of 2024 with exports and South American weather being the primary variables to affect market dynamics. The corn market turned higher on the strong export pace and on some hints of dryness emerging in south-central Argentina. The KC w...

soy-oilseeds wheat

Mercosur Regional Analysis

Wheat Argentina’s wheat harvest recorded a week-on-week progress of 15.8 percentage points and reached 63.9 percent of the total area. Yields remain generally good and, in some cases, surpass initial expectations, prompting upward revisions to production estimates. The market projects 18–1...

Argentina’s Economy One Year after Milei

A look at Argentina’s fiscal and economic policy is instructive on two levels. First, understanding its impact for Argentina’s position in ag commodity trade, and second as a policy analog. President-elect Trump will create the new Department of Government Efficiency (DOGE) which will be part o...

soy-oilseeds

Wasde Soybeans

WASDE Soybeans: 2024/25 U.S. soybean supply and use projections are unchanged. There was a significant increase in soybean oil exports by 500 million pounds to 1.1 billion. However, that increase was partly offset by reduction in food, feed, and other industrial use of soybean oil by 200 millio...

feed-grains

Wasde Corn

WASDE Corn: 2024/25 U.S. corn use for ethanol production is increased by 50 million bushels to 5.5 billion. U.S. corn exports are raised 150 million bushels to 2.5 billion. The result is that corn ending stocks are reduced by 200 million bushels to 1.7 billion. The season-average corn price rec...

wheat

Wasde Wheat

WASDE Wheat: 2024/25 U.S. wheat exports are raised 25 million bushels to 850 million bushels. U.S. wheat ending stocks are reduced by 20 million bushels to 795 million - which USDA notes is still 14 percent above last year. The season-average farm price is unchanged at $5.60 per bushel.USDA's g...

wheat feed-grains soy-oilseeds

Mercosur Regional Analysis

Wheat The Argentine wheat harvest has reached 48.1 percent of the expected area, with weekly progress of 9.4 percentage points, with efforts primarily focused in the central agricultural region. Standing crops are transitioning from late grain filling to physiological maturity, with 80.7 p...

Trump Tariffs Round Two – Canada and Mexico

In various social media posts, President-elect Trump last week announced his plans to implement a 25 percent tariff on all goods from Canada and Mexico, stating “… as one of my first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25 percent tariff on all pro...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

November Rainfall and Crop Impacts in ArgentinaRecent rains have brought significant rain accumulation for Argentina, with precipitation in November exceeding the historical monthly average in most areas. After three years of severe drought, the rainfall is a welcome development for soil moistu...

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