The return of Ukrainian fob offers has shaken nearby cash markets in Brazil & Argentina, and indeed ARC’s research suggests that Ukrainian corn exports – more so than weather in South America – will be the principal driver of corn prices in the long run. The attached graphic shows that not only has Ukraine’s corn…
US new crop soybean export sales through Aug 18th totaled 626 Mil Bu, a 53 Mil Bu increase over last year, which is largely due to increased export sales to China. Sales to China are 109 Mil Bu larger than a year ago, while sales to the rest of the world are 57 Mil Bu…
Stats Canada released its first official Canadian crop estimates, which in August is heavily weighted towards satellite imagery. Image-based estimates must be taken with caution, but not until harvest is completed will Stats Can publish more accurate numbers in late November. 2022 Canadian wheat production is now pegged at 34.6 MMTs, vs. USDA’s 35.0. Canola…
Hog and cattle markets have benefited from unprecedented red meat demand and record high retail meat prices over the last two years. So far, retail beef and pork prices have yet to show any sign of slowing down, though consumption trends through the summer have started to ebb. However, the underlying fundamental outlooks for the…
World wheat markets are stuck. There is little doubt that end stocks in non-Black Sea exporting countries will be extremely tight, with even the USDA’s US wheat balance sheet featuring the lowest inventories since 2013/14 despite projected exports of just 825 Mil Bu. However, hanging over the marketplace is a record Russian wheat crop and…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
