Market Comment
Focus on North America
The news to finish last week was the somewhat surprising USDA stocks and acreage report. Could it be the US farmer is playing a game
Nick Booth
April 9, 2021
The news to finish last week was the somewhat surprising USDA stocks and acreage report. Could it be the US farmer is playing a game
Normally the old adage is that the cure for high prices is high prices, and vice versa. The grain trade in the US was banking
The USDA seems to get a thrill from keeping people guessing. At the start of this week, all the news pointed to a falling commodity
The rainfall flooding NSW this week is causing all sorts of problems in coastal areas, but on the other side of the divide, it is
Australia’s mammoth wheat and barley crop has freight and storage facilities straining under the load, with little room to spare. On top of this, shipping
Wheat market remains in a holding pattern, if anything drifting lower on the absence of any news that would propel it higher. The next big
Has sentiment among US “smart money” traders suddenly turned bearish against wheat after the buying-spree seen a month ago? The Net position of CBOT Managed
The fallout of this weeks USDA report has seen most of the major ag commodities come under pressure. The common theme of tight ending stocks
Mecardo’s Percentiles update for March 2021. Click below to view the latest report Grains Oilseeds Sheep and lambs Cattle Wool Dairy Fuel Percentiles are an important
The March World Agriculture Supply & Demand Estimates (WASDE) was released this week and there was some tinkering around the edges, but no major changes
Canola and Rapeseed prices have been on the rise lately, with old crop values in Canada extremely expensive, with some of the strength spilling over
A bearish theme pervaded the Ag markets for the past week on slow demand figures and an absence of any new bullish news. The US
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