The annual Prospective Plantings report released by the US Department of Agriculture (USDA) last week was slightly bullish for corn, neutral for soybeans, and slightly bearish for wheat. It forecasts a 5% drop in corn acreage, a…
Prices of agricultural commodities have come under intensified downward pressure this year. Corn, soybean, and wheat prices have fallen by 8.6%, 8.3%, and 4.9% respectively so far this year. Multiple factors are behind the…
Wheat, corn, and soybean all traded lower at the Chicago Board of Trade on Wednesday following the US Department of Agriculture’s latest release of its monthly World Agricultural Supply and Demand Estimates (WASDE) –…
Highlights The surge in energy prices going into the Northern Hemisphere winter – particularly coal and natgas prices in China and Europe – will push inflation and inflation expectations higher into the end of 1Q22 (Chart of…
Highlights US crude oil output will continue its sharp recovery before leveling off by mid-2022, in our latest forecast (Chart of the Week). The recovery in US production is led by higher Permian shale-oil production, which is quietly…
Highlights Going into the new crop year, we expect the course of the broad trade-weighted USD to dictate the path taken by grain and bean prices (Chart of the Week). Higher corn stocks in the coming crop year, flat wheat stocks and…