Independent Agri Commodity Insights
March has proven the bears right, although recent news and market moves have highlighted how fragile grains and oilseeds remain to the global economic outlook, weather and trade out of the Black Sea. In the case of wheat, while prices are lower for the sixth consecutive month, markets have reminded us…
Our full opinions and analysis of the WASDE will be published in next week’s weekly reports, get in touch for subscriptions. Following the January WASDE, markets have had a mixed reaction, initially falling after the release before recovering. On the whole, a slightly bearish WASDE for corn and wheat with…
“Wheat is a cog in a big machine,” said James Bolesworth, managing director of U.K.-based CRM AgriCommodities. “It’s going to take at least a season, if not two, for these supply and demand balances to come back into kilter.” For now, some buyers are holding out for cheaper prices. Top…
The start of 2021 has continued to fuel the grain and oilseed rally in price. Markets are fully focused on the tight supply as we move through Q1 and toward the South American harvest. Supplies in the US are the tightest in multiple years following a record pace of export…
Our view of the USDA December WASDE Wheat In terms of wheat, the December USDA WASDE has been largely overshadowed by the possibilities of an export tax being placed on Russian wheat later this season. The changes in the December WASDE were largely expected with Australian production increased to 30MT…