The world barley market has gotten rather tight amid ever falling planted area, steady consumption, a lack of any real growth in yield, and this year’s drought in Australia. World barley production fell short of consumption in 2016/17, and this year global barley consumption looks to exceed total production by some 5 MMTs. World barley…
Argentina Drier in Extended Period; Pattern Change Remains Unlikely: Most importantly, the EU & GFS ensemble models have reduced the coverage and intensity of rainfall in Argentina in the 11-15 day period. Now the two are in general agreement that meaningful totals in mid-Feb will (again) be confined to far Northern Provinces, which account for…
US wheat futures ended well off session lows as weather patterns fail to change and the US dollar weakens. It’s tough to ignore the recent expansion in severe/extreme drought conditions across the Plains, and such conditions are unlikely to improve through the balance of winter. Quietly, this winter has been one of the driest on…
As expected US corn export sales were strong, and for the third consecutive week, well above the pace needed to meet the USDA’s annual forecast. Sales through the week ending Jan 25th totaled 73 Mil Bu; an average of just 23 Mil is needed to hit the USDA’s target – Gulf corn is the world’s…
February hogs gapped higher at Thursday’s open and then rallied to a new contract high, which supported trade across the rest of the market. April traded an inside day and finished in the middle of the range, and June closed right at $83. February went out close to $1 over the cash index, which was…
