World Perspectives

Recent Europe Analysis

Steel Steals; Colonialism versus Slavery; India’s Farm Policy; Immigration and Inflation

Steel Steals from Farmers If the Trump White House accepts the advice of the Section 232 investigation by the Ross Commerce Department and raises tariffs on steel imports, it could be U.S. farmers who are hurt. That is the calculation of former U.S. ITC commissioner Daniel Pearson. He notes tha...

feed-grains wheat

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market is firm as it gained about $4 in one week. Domestic prices in Russia are steady to slightly higher, and the ruble was higher with the recovery of the crude oil market. The main reason that Russian wheat continues to rally is that there is no longer any signifi...

feed-grains soy-oilseeds wheat

Market Commentary

Note that U.S. markets will be closed Monday for the Presidents Day holiday. A three-day weekend in the middle of a weather market tends to make traders a bit nervous because of the potential for significant changes in the forecasts. Volume today was just slightly better than average, and marke...

Origin Labeling Loser; War of Words; Taxes and Budgets

Origin Labeling Loser The U.S. beef industry feels embattled. After years of contending with health risk warnings about its product, marketers of plant proteins are now labeling their own products as “clean meat,” implying the same product at its base but qualitatively better. Prote...

Rural Infrastructure; Chinese Countryside; EU Identity Politics; Ag Budget

Rural Infrastructure President Trump’s newly announced infrastructure plan gives some priority to rural areas by making them an early beneficiary of the funding match. A boost to rural broadband service is mentioned as a priority. Skeptics argue that the proposed federal portion cannot at...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market is slightly firmer. The Russian 12.5 pro is offered at $200/MT FOB, which is about $2/MT higher than last Monday despite the weaker ruble. The EU exported 157,000 MT last week, bringing the cumulated total to 12.6 MMT versus 15.3 MMT at the same time last year...

Scale in Africa; Theory versus History; Glyphosate Bubbling; Export Restriction

Scale Needed in Africa The Overseas Development Institute (ODI), a research group funded by governments, international organizations and development groups, notes the limits of rural advancement in Africa. Most development organizations advocate a focus on improving subsistence agriculture, but...

wheat

WASDE Wheat

Projected 2017/18 U.S. ending stocks are raised this month by 20 million bushels as higher food use is more than offset by lower exports, while export forecasts for several major competitors are increased. Estimated food use is increased by 5 million bushels to 955 million, based on the NASS Fl...

Addressing China’s Mercantilism; Rush to Work Less

Addressing China’s Mercantilism U.S. sorghum prices plummeted 25 percent on word that China has used imports of this commodity from the U.S. as a retaliation target for trade restrictions imposed by the Trump administration. It is likely to get worse before it gets better. There is debate...

Farm Bill Moolah; Competitive Future; Kill with Kindness?; N-Ozone

Farm Bill Moolah The farm bill is ready to begin moving in a few short weeks with the only holdup being the lack of money desired by congressional farm leaders to spend on cotton and dairy. Commodity support subsidies cost $13 billion more last year than originally forecast in 2014, partially o...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has revised its terms for government wheat purchases after suppliers were refusing to participate in recent tenders. The major change regards demurrage fees, which suppliers were previously responsible for at discharge and in some cases...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market has gained about $2.00. The FOB prices followed the rally of the U.S. and EU futures’ markets early in the week but not their later correction. The domestic market in Russia remained stable in rubles, and that currency weakened slightly against the USD d...

Steel Steals; Colonialism versus Slavery; India’s Farm Policy; Immigration and Inflation

Steel Steals from Farmers If the Trump White House accepts the advice of the Section 232 investigation by the Ross Commerce Department and raises tariffs on steel imports, it could be U.S. farmers who are hurt. That is the calculation of former U.S. ITC commissioner Daniel Pearson. He notes tha...

feed-grains wheat

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market is firm as it gained about $4 in one week. Domestic prices in Russia are steady to slightly higher, and the ruble was higher with the recovery of the crude oil market. The main reason that Russian wheat continues to rally is that there is no longer any signifi...

feed-grains soy-oilseeds wheat

Market Commentary

Note that U.S. markets will be closed Monday for the Presidents Day holiday. A three-day weekend in the middle of a weather market tends to make traders a bit nervous because of the potential for significant changes in the forecasts. Volume today was just slightly better than average, and marke...

Origin Labeling Loser; War of Words; Taxes and Budgets

Origin Labeling Loser The U.S. beef industry feels embattled. After years of contending with health risk warnings about its product, marketers of plant proteins are now labeling their own products as “clean meat,” implying the same product at its base but qualitatively better. Prote...

Rural Infrastructure; Chinese Countryside; EU Identity Politics; Ag Budget

Rural Infrastructure President Trump’s newly announced infrastructure plan gives some priority to rural areas by making them an early beneficiary of the funding match. A boost to rural broadband service is mentioned as a priority. Skeptics argue that the proposed federal portion cannot at...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market is slightly firmer. The Russian 12.5 pro is offered at $200/MT FOB, which is about $2/MT higher than last Monday despite the weaker ruble. The EU exported 157,000 MT last week, bringing the cumulated total to 12.6 MMT versus 15.3 MMT at the same time last year...

Scale in Africa; Theory versus History; Glyphosate Bubbling; Export Restriction

Scale Needed in Africa The Overseas Development Institute (ODI), a research group funded by governments, international organizations and development groups, notes the limits of rural advancement in Africa. Most development organizations advocate a focus on improving subsistence agriculture, but...

wheat

WASDE Wheat

Projected 2017/18 U.S. ending stocks are raised this month by 20 million bushels as higher food use is more than offset by lower exports, while export forecasts for several major competitors are increased. Estimated food use is increased by 5 million bushels to 955 million, based on the NASS Fl...

Addressing China’s Mercantilism; Rush to Work Less

Addressing China’s Mercantilism U.S. sorghum prices plummeted 25 percent on word that China has used imports of this commodity from the U.S. as a retaliation target for trade restrictions imposed by the Trump administration. It is likely to get worse before it gets better. There is debate...

Farm Bill Moolah; Competitive Future; Kill with Kindness?; N-Ozone

Farm Bill Moolah The farm bill is ready to begin moving in a few short weeks with the only holdup being the lack of money desired by congressional farm leaders to spend on cotton and dairy. Commodity support subsidies cost $13 billion more last year than originally forecast in 2014, partially o...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt has revised its terms for government wheat purchases after suppliers were refusing to participate in recent tenders. The major change regards demurrage fees, which suppliers were previously responsible for at discharge and in some cases...

wheat feed-grains soy-oilseeds

Southeast Europe Regional Analysis

Milling Wheat The Black Sea market has gained about $2.00. The FOB prices followed the rally of the U.S. and EU futures’ markets early in the week but not their later correction. The domestic market in Russia remained stable in rubles, and that currency weakened slightly against the USD d...

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