Major grains & oilseeds markets Given the world’s fundamentals for grains & oilseeds, the marketplace will remain fixated on seeding progress and crop conditions for a while, especially with several potential problems: Dryness across Spain, the UK and the Baltics … Read More
MERCANTILE Blog: MarketInsight May 1, 2017
Major grains & oilseeds markets Last week’s IGC report neatly summarizes the starting point to the new crop season for grains: There has been stock accumulation for 3 years and big old crop inventories are coming into the new crop … Read More
MERCANTILE Blog: MarketInsight April 24, 2017
Major grains & oilseeds markets Corn, wheat and soybeans all ended up lower for the week. Funds, including Index Funds, were sellers of everything. On wheat, spec funds added another 7,667 contracts to their net short position in Chicago Wheat … Read More
MERCANTILE Blog: MarketInsight April 17, 2017
Major grains & oilseeds markets This was a short holiday week, with many countries still closed on Easter Monday. All grains closed higher for the week. U.S. grains got support from the weaker US$, commodity fund short covering, some commercial … Read More
MERCANTILE Blog: MarketInsight April 10, 2017
Major grains & oilseeds markets There was a general sense of uncertainty in the global markets, following the US missile strike on Syria. Futures at the CBOT closed mixed, but had some support from losses in the US$; it hit a … Read More
MERCANTILE Blog: MarketInsight April 3, 2017
Major grains & oilseeds markets There was nothing supportive in the USDA report. The stocks showed consumption to be less than expected in Dec/March, and the planting intentions were in line to slightly higher than trade guesstimates. It could be … Read More
MERCANTILE Blog: MarketInsight March. 27, 2017
Major grains & oilseeds markets Big fund selling was the feature of the week; spec funds were big seller of corn and wheat. Weather was good for growing conditions in all major production areas. Cash business was very slow, so … Read More
MERCANTILE Blog: MarketInsight March. 13, 2017
Major grains & oilseeds markets USDA’s WASDE report: It gave little change in the US production numbers, but did give greater world production which was seen as bearish. Speculative elements were big sellers both before and after the release of … Read More
MERCANTILE Blog: MarketInsight March 6, 2017
Major grains & oilseeds markets It was very interesting week. Markets were much firmer following an unsubstantiated report that the USA government planned to change the Bio-fuel subsidy paid to processors to payment to the producers. In addition, none of … Read More
MERCANTILE Blog: MarketInsight Feb. 27, 2017
Major grains & oilseeds markets It was a big week for wheat trading. Nearly 1 myn tonnes of cash wheat traded primarily to Middle East destinations, where North American wheat continues to be uncompetitive. Prices were marginally better than of … Read More