Corn futures weak as plantings progress nicely

May-20 corn futures ended last week down a few cents, around $3.11 per bushel. The contract tested the $3 mark on Tuesday for the second time in the last two weeks but was unable to break through psychological support. Plantings are progressing quickly, and [...]

Almond & walnut exports show strength YOY

According to the Position Report for November, domestic shipments of shelled and in-shell almonds were 60.7 million pounds, down 5 percent from last November. Export shipments, at 175.19 million pounds in November, rose 1 percent YOY. Net total shipments were 235.89 million pounds, down [...]

U.S. may impose greater tariffs on EU goods

The Trump administration may add or increase tariffs on EU products, including agricultural products, to combat subsidies from the EU to Airbus. According to CNBC, “The U.S. has long argued that subsidies to Airbus hurt American aircraft giant Boeing and that the EU’s efforts [...]

How far out are pending trade agreements?

U.S.-Japan: On Monday, Sep. 16, President Trump informed Congress that he had reached an initial trade deal with Japan. The president noted his intent to sign an agreement before the end of September with a key goal being “more fair and reciprocal trade” between [...]

A currency front in the U.S.-China trade war

Nearly two years after Office of the U.S. Trade Representative (USTR) began investigating China over IP concerns and 11 months after the bulk of tariffs went into effect, President Trump announced a tariff of 10 percent on some US$300 billion of Chinese exports—upping the [...]

Dairy prices show significant sign of weakness in 2019

Modest bearish moves in dairy auction prices two weeks ago (May 21) gave way to more substantial downward movement in prices this past week. Fonterra’s Global Dairy Trade platform registered a 3.4 percent decrease in its dairy product price index this past week on [...]

Corn futures market flexes amid wild planting season

This past Wednesday, the Jul-19 corn futures contract pushed to a three-year high before showing resistance around $4.38. The market rally began on May 13, when futures opened at a 2019 low of $3.35 and have only declined in two trading days since. In [...]

Dairy bull market pauses to catch its breath

Increasing tension over trade in the first half of May led dairy manufacturers to begin selling off inventories. Many cooperatives had been building inventories of various products in anticipation that a trade deal between the U.S. and China was close, but that anticipation has given way to concern as import duties of up to 25 percent remain in place on various [...]

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