Estimates of Ukraine grain exports cut again

Estimates of Ukraine grain exports cut again

Ukraine’s corn exports will drop by another 4.5 million tons to 23 million tons and wheat exports by 1 million tons, according to the U.S. Department of Agriculture’s closely watched World Agricultural Supply and Demand Estimates, or WASDE. World wheat stockpiles were revised down to 278.4 million tons. That’s below expectations. The problem isn’t a lack of supply. In corn, for example, Ukraine has huge stockpiles. But the war with Russia has shut normal export routes across the Black Sea. The expected shortfalls are putting severe upward price pressure on supplies from other producers

Bad news from China adds to global food crunch–add to positions in the DJP Bloomberg Commodity ETN

Bad news from China adds to global food crunch–add to positions in the DJP Bloomberg Commodity ETN

How does the lyric go (as sung by Albert King)? “If it wasn’t for bad luck, I would have no luck at all.” Maybe that song should be the theme song for the global food market right now. This month China’s agriculture minister Tang Renjian told colleagues at a high-profile government meeting in Beijing this month: “China faces big difficulties in food production because of the unusual floods last autumn. Many faming experts and technicians told us that crop conditions this year could be the worst in history.”

Hot dog? Kraft Heinz melts down

Hot dog? Kraft Heinz melts down

Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Shares of...
Monday will bring market-shaping reports on this year’s U.S. grain crop

Monday will bring market-shaping reports on this year’s U.S. grain crop

Monday reports from the USDA will give the latest number of acres planted to specific crops and existing stocks of grain. Crop conditions in the Midwest are now close to ideal with more moisture in soils and very few areas reporting drought conditions. The USDA has rated almost 75% of the corn crop “good” or “excellent.” That’s the best condition at this time of year since 1999