Latest News From Davis Michaelsen

Wheat Conditions Decline | April 23, 2024
Wheat Conditions Decline | April 23, 2024

Cordonnier leaves South American crop estimates unchanged, Russia damages export infrastructure and Blinken will visit Beijing...

China Pork Imports Dive Lower | April 18, 2024
China Pork Imports Dive Lower | April 18, 2024

USDA attache cuts Argy corn crop estimate, Paraguay struggles to move record crop and Thompson seeks Democrat support for the Farm Bill...

BIAV Detected in North Carolina | April 11, 2024
BIAV Detected in North Carolina | April 11, 2024

Rosario Exchange slashes Argy crop estimate, Chinese importers refuse Ukraine corn cargoes and gains in the cash hog index outpace wholesale values...

Yellow Metal Continues Run | April 9, 2024
Yellow Metal Continues Run | April 9, 2024

Insect and disease pressure trim Argy estimate, Chinese EV sales rise and the pork cutout tops $100...

Bond Traders Sour on Rate Cut Potential | April 3, 2024
Bond Traders Sour on Rate Cut Potential | April 3, 2024

Ukrainian grain exports slow from year-ago, EPA clarifies Dicamba ruling and Taiwan rocked by 7.4 quake...

Wheat Condition Off to a Solid Start | April 2, 2024
Wheat Condition Off to a Solid Start | April 2, 2024

China to limit corn deliveries, attache lowers Brazilian crop estimates and tugboat tests temporary transit...

Cattle Strength Wanes | March 28, 2024
Cattle Strength Wanes | March 28, 2024

Japan works to support Yen, Eurozone cuts production forecast and the Biden Administration will repair Baltimore Bridge...

U.S. and U.K. Accuse China of Cyberespionage | March 26, 2024
U.S. and U.K. Accuse China of Cyberespionage | March 26, 2024

HRW crop improves, Baltimore Bridge struck by cargo ship and U.S. frozen meat inventories decline...

Gold Prices Spike Highs | March 21, 2024
Gold Prices Spike Highs | March 21, 2024

Lower global prices to spur Chinese demand, Congress releases minibus bill and EU PMI rises...

U.S. Dollar on the Rise | March 20, 2024
U.S. Dollar on the Rise | March 20, 2024

Congressional leaders announce funding deal, the People’s Bank of China kept benchmark lending rates unchanged and economists scramble to decipher dot plot from Fed...

El Nino to Decay by May | March 19, 2024
El Nino to Decay by May | March 19, 2024

China approves GM corn and soybean seed, Bank of Japan raises rates and the EU to levy tariffs on Russia and Belarus...

Pork Cutout Retreats | March 13, 2024
Pork Cutout Retreats | March 13, 2024

Australia eyes bumper cotton crop, Eurozone industrial production falls and Britain's economy returns to growth...

USDA Finalizes Origin Rules | March 12, 2024
USDA Finalizes Origin Rules | March 12, 2024

Cordonnier stands pat on SA crop estimates, ADA reports delayed financial results and the CME Lean Hog Index falters...

Monday Morning Wake Up Call | March 11, 2024
Monday Morning Wake Up Call | March 11, 2024

Corn soybeans and wheat futures are under pressure to open the week. Cattle and hog futures are mildly lower as well...

U.N. Food Price Drops | March 8, 2024
U.N. Food Price Drops | March 8, 2024

USDA to update balance sheets, House passes spending bill and the U.S. ag trade deficit widens...

China to Build Stockpiles | March 5, 2024
China to Build Stockpiles | March 5, 2024

Comex gold futures rise to record level, Biden to meet with Competition Council and today marks a crucial step on the way to the Presidency...

Japan Slips into Recession | March 1, 2024
Japan Slips into Recession | March 1, 2024

Biden Admin misses own greenhouse gas deadline, Senate kicks funding can and spring crop insurance prices are set...

Winter Wheat Resilient Amid Arctic Blast | February 29, 2024
Winter Wheat Resilient Amid Arctic Blast | February 29, 2024

French shippers avoid Red Sea, Russia not interested in renewing Black Sea grain deal and today marks First Notice day for March contracts...

Yellen to Highlight Robust U.S. Economy | February 27, 2024
Yellen to Highlight Robust U.S. Economy | February 27, 2024

Cordonnier holds steady on Brazil and Argy crops, U.S. HRW crop improves and Indonesia to encourage palm oil production...

Economists Adjust Rate Hike Timeline | February 23, 2024
Economists Adjust Rate Hike Timeline | February 23, 2024

Houthis harangue shippers, Congressional squabbling delays funding bill and China's new home prices decline...

Lawmakers to Visit Taiwan | February 22, 2024
Lawmakers to Visit Taiwan | February 22, 2024

Poland will not meet with Zelensky, Soybean producers give EPA regs the side-eye and China's property woes persist...

Polish Farmers Spill Ukraine Grain | February 21, 2024
Polish Farmers Spill Ukraine Grain | February 21, 2024

U.S. to replace Chinese-made port cranes, RFA appeals to Biden Administration and the CME Lean Hog Index springs higher...

EPA to Allow Limited Dicamba Use | February 15, 2024
EPA to Allow Limited Dicamba Use | February 15, 2024

USDA releases crop forecasts, Japan slips into recession and global crude stocks projected to reach record high...

Global Production Forecasts Trimmed | February 13, 2024
Global Production Forecasts Trimmed | February 13, 2024

Farmers block Port of Antwerp, Houthi rebels strike ship bound for Iran and the CME Lean Hog Index firms...

Houthi Attacks on Shipping Continue | February 9, 2024
Houthi Attacks on Shipping Continue | February 9, 2024

Ukraine expects seeding area to match last year, India's rice prices continue to rise and beef packers remain at a standoff with feedlots...

Dismal Farm Income Forecast | February 8, 2024
Dismal Farm Income Forecast | February 8, 2024

Traders await USDA reports, Conab slashes forecasts and ocean imports into the United States are increasing...

Corn Declines to Contract Lows | February 7, 2024
Corn Declines to Contract Lows | February 7, 2024

Yellen to visit China, House Democrats keep Farm Bill hopes alive and Aussie meat exports surge...

U.S. Treasury Officials to Visit Beijing | February 6, 2024
U.S. Treasury Officials to Visit Beijing | February 6, 2024

Cordonnier leaves South American crop estimates unchanged, China's stock market responds to economic news and E.U. inflation expectations decline...

IMF Uncertian on Chinese Economy | February 2, 2024
IMF Uncertian on Chinese Economy | February 2, 2024

Global food prices soften, economists expect a rise in non-farm payrolls and Argy corn crop outstrips USDA estimate...

House Passes Tax Bill | February 1, 2024
House Passes Tax Bill | February 1, 2024

U.S. soybean oil used in bio-fuel production breeches 1 billion pounds, India's rice rally continues and BOE leaves rates unchanged...

Houthis Harangue Suez Haulers | January 26, 2024
Houthis Harangue Suez Haulers | January 26, 2024

Beijing asks Tehran to rein-in Houthis, Ukraine food prices rise and Yellen says Biden isn't finished...

Militants Increase Attacks on Commercial Shipping | January 25, 2024
Militants Increase Attacks on Commercial Shipping | January 25, 2024

Shippers seek alternative routes around Red Sea, rice prices mark record high and the Fed works against the Economist's 'free money machine'...

Weather to Sour Before Improving
Weather to Sour Before Improving

Bret Waltz from BAM WX advises caution until the weather turns and offers hope for rivers in need of re-charge...

Cash Cattle Gains Fail to Woo Sellers | December 22, 2023
Cash Cattle Gains Fail to Woo Sellers | December 22, 2023

Markets and government offices will be closed on Monday, Washington mulls Houthi strike and German wheat production to fall...

China Holds Rare Earth Upper-hand | December 21, 2023
China Holds Rare Earth Upper-hand | December 21, 2023

Greece to send frigate to Red Sea, Foreign investment in China declines and feedyards pass on steady cash cattle bids...

Brazil Surpasses U.S. Corn to China | December 20, 2023
Brazil Surpasses U.S. Corn to China | December 20, 2023

Greece warns shippers to avoid Yemeni waters, Xi still focused on Taiwan and Brazil to halt biodiesel imports...

U.S. Battens Red Sea Hatches | December 19, 2023
U.S. Battens Red Sea Hatches | December 19, 2023

U.S. embarks on Operation Prosperity Guardian, Moscow is un-interested in restarting Black Sea Grain Deal and FSA opens enrollment in ARC and PLC…

Beef Movement Intensifies | December 8, 2023
Beef Movement Intensifies | December 8, 2023

UN Global Food Price Index skids lower, CCP commits to providing support to Chinese economy and Speaker Johnson suggests CR...

China Sells More Dollars | December 6, 2023
China Sells More Dollars | December 6, 2023

Moscow's oil revenues have increased since the start of the war, Smithfield slashes Utah hog production and cash hogs are still searching for a floor...

Monday Morning Wake Up Call | December 4, 2023
Monday Morning Wake Up Call | December 4, 2023

Corn and soybean futures are mildly weaker to start the week with wheat mixed. Cattle futures are sharply lower with lean hogs mixed…

EPA Offers New E-15 Deadline | November 30, 2023
EPA Offers New E-15 Deadline | November 30, 2023

Vilsack expects Chinese corn demand to return to U.S., Eurozone inflation continues lower and feedlots hold out for higher cash cattle bids...

Eurozone Sentiments Improve | November 29, 2023
Eurozone Sentiments Improve | November 29, 2023

OECD predicts slowing economic growth, bellies lead cutout decline and USDA suspends ERP...

OPEC+ Eyes Supply Side Control | November 28, 2023
OPEC+ Eyes Supply Side Control | November 28, 2023

Cordonnier leaves Brazilian crop estimates unchanged, Russia mulls export ban and the WTO will review duties on biodiesel imports...

Gaza Truce May Lie Ahead | November 21, 2023
Gaza Truce May Lie Ahead | November 21, 2023

Recent Brazilian rains have been hit-&-miss, U.S. treasuries rebound and the Dollar Index continues to fall...

Monday Morning Wake Up Call | November 20, 2023
Monday Morning Wake Up Call | November 20, 2023

Corn and wheat futures are under light pressure with soybeans slightly higher to start the week. Cattle futures are mostly higher with lean hogs mixed.

Global Rice Competition Heats Up | November 15, 2023
Global Rice Competition Heats Up | November 15, 2023

House passes stopgap funding bill, Biden readies for meeting with Xi and UK economy stagnates...

"All Powers Rest with the People" | Sen. Grassley on AgriTalk 11/13/2023
"All Powers Rest with the People" | Sen. Grassley on AgriTalk 11/13/2023

Chip Flory talks trade policy, government shutdown and ethanol with Iowa Senator Charles Grassley (R) in this excerpt from AgriTalk Radio November 13, 2023.

Putin Seeks New Export Routes | November 9, 2023
Putin Seeks New Export Routes | November 9, 2023

Traders expect little change in USDA report, CONAB raises Brazilian soybean crop estimate and Chinese pork prices tumble...

Airlines Appeal for Ethanol | November 1, 2023
Airlines Appeal for Ethanol | November 1, 2023

China PMI slips below growth-neutral, Trudeau bows to push-back against federal carbon tax and the Senate mulls CR...

Ukrainian Grain on the Move | October 31, 2023
Ukrainian Grain on the Move | October 31, 2023

Cordonnier cuts SA crop forecasts, India cuts cotton forecast and ERP payments continue past disbursement deadline...