World Perspectives

Recent South America Analysis

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Brazil After very strong movement two weeks ago, last week was very quiet in general. The previously discussed Carnival holiday (see Ag Perspectives, 12 February) occurred on Monday and Tuesday, and the seven-day Chinese New Year began on Wednesday. As a result, there has been no futur...

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...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets traded rather quietly overnight with prices holding mostly steady to mildly firmer. However, prices for soybeans and wheat began to tick higher soon after trading resumed for the day session. Support was offered by agreement among all three major weather models that the so...

feed-grains soy-oilseeds wheat

Fundamental Winds of Change

USDA made several changes a week ago to its supply/demand estimates for the U.S. and the world that were unusual for a February WASDE. With South American harvests just underway at this time and Northern Hemisphere supplies/demand patterns/trade flows well in place, revisions made in February W...

soy-oilseeds

Oilseed Highlights: Argentine Weather; Export Sales; Brazil’s Soy Losses, NOPA Crush Report

Little Rain in Dry Argentine Areas until March Two weather forecasters in Argentina have told Reuters that they do not expect any break in the drought impacting parts of Argentina until at least March. "The situation is serious. It would almost take a miracle for the drought not to continue thr...

livestock

Aussie Beef; U.S. Cattle; Moratorium on Iowa Livestock Sought

Aussie Beef Back on the Global Market Australia’s beef exports are making a comeback, up 19.7 percent last month over January 2017, and they could be back on trend to match a more normal five-year average. All five of Australia’s top markets imported more beef in January than a year...

feed-grains soy-oilseeds wheat

Market Commentary

The overnight session found prices trading mostly lower, which was in line with selling late Tuesday that took prices down to closes that were mostly well below session highs. No doubt some of that late selling was profit taking after the recent rally. However, open interest increases for soyme...

soy-oilseeds

Four Reasons to be Bearish Soybeans

Yesterday soybean contracts experienced a momentary setback because of China's cancellation of U.S. soybeans and a weak export inspection number. Traders who shorted the soy complex may now question if their selling was premature. However, their selling was probably just fine because the domina...

soy-oilseeds

Oilseed Highlights: Argentine Rains Disappoint; Soy Sales Cancellations; Egypt’s Sunflower Oil Purchase

Argentine Rains Disappoint The rains that fell last Friday and Saturday in Argentina were far too little and not widespread enough to help the soybean crop, occurring mostly in the northern provinces that did not need precipitation. The driest areas are in the provinces of Buenos Aires and La P...

feed-grains soy-oilseeds wheat

Market Commentary

Trading during the overnight session turned much quieter in terms of price action and volume versus Sunday night and Monday. Prices traded both sides of yesterday’s closes, but they seldom strayed more than 2 cents. Today is the Fat Tuesday Carnival celebration in Brazil and throughout So...

feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Pakistan’s wheat sales are said to have reached about 750,000 MT at FOB prices of $190-195 /MT in bulk vessel, reportedly for shipment to Kenya, Sri Lanka and Bangladesh with additional sales to Asian destinations. According to the lates...

soy-oilseeds

Soy Products and the Argentine Drought

Argentina’s La Nina-related drought has increasingly grabbed market headlines since late December. The rains that had been predicted for that country’s crop areas during the last few days were disappointing, both in terms of amounts and coverage. Dry conditions have returned with on...

soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Brazil After very strong movement two weeks ago, last week was very quiet in general. The previously discussed Carnival holiday (see Ag Perspectives, 12 February) occurred on Monday and Tuesday, and the seven-day Chinese New Year began on Wednesday. As a result, there has been no futur...

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...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets traded rather quietly overnight with prices holding mostly steady to mildly firmer. However, prices for soybeans and wheat began to tick higher soon after trading resumed for the day session. Support was offered by agreement among all three major weather models that the so...

feed-grains soy-oilseeds wheat

Fundamental Winds of Change

USDA made several changes a week ago to its supply/demand estimates for the U.S. and the world that were unusual for a February WASDE. With South American harvests just underway at this time and Northern Hemisphere supplies/demand patterns/trade flows well in place, revisions made in February W...

soy-oilseeds

Oilseed Highlights: Argentine Weather; Export Sales; Brazil’s Soy Losses, NOPA Crush Report

Little Rain in Dry Argentine Areas until March Two weather forecasters in Argentina have told Reuters that they do not expect any break in the drought impacting parts of Argentina until at least March. "The situation is serious. It would almost take a miracle for the drought not to continue thr...

livestock

Aussie Beef; U.S. Cattle; Moratorium on Iowa Livestock Sought

Aussie Beef Back on the Global Market Australia’s beef exports are making a comeback, up 19.7 percent last month over January 2017, and they could be back on trend to match a more normal five-year average. All five of Australia’s top markets imported more beef in January than a year...

feed-grains soy-oilseeds wheat

Market Commentary

The overnight session found prices trading mostly lower, which was in line with selling late Tuesday that took prices down to closes that were mostly well below session highs. No doubt some of that late selling was profit taking after the recent rally. However, open interest increases for soyme...

soy-oilseeds

Four Reasons to be Bearish Soybeans

Yesterday soybean contracts experienced a momentary setback because of China's cancellation of U.S. soybeans and a weak export inspection number. Traders who shorted the soy complex may now question if their selling was premature. However, their selling was probably just fine because the domina...

soy-oilseeds

Oilseed Highlights: Argentine Rains Disappoint; Soy Sales Cancellations; Egypt’s Sunflower Oil Purchase

Argentine Rains Disappoint The rains that fell last Friday and Saturday in Argentina were far too little and not widespread enough to help the soybean crop, occurring mostly in the northern provinces that did not need precipitation. The driest areas are in the provinces of Buenos Aires and La P...

feed-grains soy-oilseeds wheat

Market Commentary

Trading during the overnight session turned much quieter in terms of price action and volume versus Sunday night and Monday. Prices traded both sides of yesterday’s closes, but they seldom strayed more than 2 cents. Today is the Fat Tuesday Carnival celebration in Brazil and throughout So...

feed-grains wheat soy-oilseeds

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Pakistan’s wheat sales are said to have reached about 750,000 MT at FOB prices of $190-195 /MT in bulk vessel, reportedly for shipment to Kenya, Sri Lanka and Bangladesh with additional sales to Asian destinations. According to the lates...

soy-oilseeds

Soy Products and the Argentine Drought

Argentina’s La Nina-related drought has increasingly grabbed market headlines since late December. The rains that had been predicted for that country’s crop areas during the last few days were disappointing, both in terms of amounts and coverage. Dry conditions have returned with on...

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