Market Comment
Quick trip around the World
In the not so distant past, grain trading houses put huge emphasis on crop condition analytics, reports from ‘boots on the ground’ and anything else
Nick Booth
May 7, 2021
In the not so distant past, grain trading houses put huge emphasis on crop condition analytics, reports from ‘boots on the ground’ and anything else
Last week Mecardo looked at global oilseed markets and the rapid rise being seen in spot markets both internationally and locally. Those still holding old
May we live in interesting times – to paraphrase an ancient Chinese curse – seems particularly apt in commodity markets right now. The very strong
Canola prices have skyrocketed in the past month, both in Canada, and Europe. These elevated prices have also flowed through to domestic bids in the
It is not uncommon at this time of year, that the commodity market starts to focus on (northern hemisphere) weather. We generally see this a
The price point everyone loves to follow has kept its upwards glide this week, reaching a record high 910¢/kg. The Eastern Young Cattle Indicator surpassed
Low old crop stocks and uncertainty surrounding the potential of new season global wheat and corn stocks have seen hikes in international wheat futures over
The wheat market is in a tug of war between tightening old crop stocks and new season supply. The USDA released their April stocks report
The USDA published its April World Agriculture Supply & Demand Estimates (WASDE) report early this week. Global ending stocks of wheat and corn were revised
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
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