There is a situation developing in Argentina that might help to boost corn prices in the near term. Argentina is being hit with 100 degree temperatures and drought conditions in some of its key corn belt – impacting its forecast of output. At current rates, it will have a significant curtailment in production. Wheat [...]
A new report indicates that the loss of US herds is likely larger than many analysts had expected. Texas alone experienced its largest loss of beef cattle herds since the 1934-1935 period affected by the Great Depression and Dust Bowl, largely due to the worst single year drought in the state’s history. Texas herds typically[This [...]
I was listening to some of our friends at KFRM talk about the beef industry in theUnited States (a $74 billion US industry) and I heard one of the cutest plays on words in a while. The analyst said that they were “bullish” on beef. Although this is a play on words, it is an [...]
European Central Bank President Mario Draghi helped markets move from the Euro and many commodities and into the dollar. Everything from gold, silver, copper, palladium, and most grains and industrial metals fell today as the dollar gained strength. Even oil fell on currency pressure (not supply or demand direct pressure) – both Brent and WTI [...]
We have been saying that there is a global food shortage that has been at the heart of many riots around the world – and one that has gone largely unreported for most of the year. But, today, there was news that bumper crops of wheat harvests in Australia and Argentina came unexpected and this [...]
US markets for grain are strong at this time as movements of grain supplies around the country are at or slightly ahead of expectations. But, stronger competition from Argentina and Eastern Europe is making US exports of grains weaker than expected. With global production a bit weaker than [This content is for MEMBERS ONLY. Please [...]
We have focused as a country so much on the impact of the drought on Texas and areas of the Southwest US. But what we have forgotten is some of the impact to the poorest regions in the area: specifically Northern Mexico. An Associated Press reporter released a piece that says that the regions in [...]
Corn prices fell in trading over the past couple of days, not too significantly – but enough to take note of. As we have been saying during the harvest season, corn supplies are extremely low around the world. But, there are markets in the globe that did very well this year on corn and they [...]
Beef ranchers around the countries Midwest region are scrambling to find as much hay as possible. A trip down any major interstate in the Midwest will see volumes of trucks moving loads of hay into the Texas and Oklahoma region – areas hit by a devastating flood this year. And although many ranchers have worked [...]
In what is going to be a shock to the global trading market, wheat stockpiles on a global basis are set to expand at perhaps the quickest rate in a decade. Prices as a result have fallen 21% since the beginning of the year – but we still don’t see it translating into the movement [...]
