Global Commodities, Mint Finance

Srinidhi Raghavendra

Global Commodities

Deep Fundamental Analysis

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Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

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Commodities

<ul>
<li>North Dakota accounts for 51% of total US spring wheat production. The region's projected 2024 crop yield 15% higher YoY at an average of 54.5 bushels per acre.</li>
<li>Large old-crop corn inventories record yield of 183-185 bpa collectively dragging corn prices down.</li>
<li>Wheat vols rebounded last week after falling the prior week. Prices face uncertainty as strong exports, lower production in EU &amp; China provides support against massive US harvest.</li>
</ul>


North Dakota accounts for 51% of total US spring wheat production. The region's projected 2024 crop yield 15% higher YoY at an average of 54.5 bushels per acre.
Large old-crop corn inventories record yield of 183-185 bpa collectively dragging corn prices down.
Wheat vols rebounded last week after falling the prior week. Prices face uncertainty as strong exports, lower production in EU &amp; China provides support against massive US harvest.


[CB 30/2024] Corn & Soy Tumble on Improving Weather; Chinese Demand Likely to Support Soy

Energy Transition | AI | Shifting World Order, Mint Finance

Amrutha Raj

Energy Transition | AI | Shifting World Order

Thematic (Sector/Industry)

<ul>
<li>June witnessed heavy selling across major US crops across corn, beans and wheat with wheat taking the biggest hit.</li>
<li>Grain prices have been bearish on favorable supply. The adage of ‘rain makes grain’ has changed this summer to ‘grain falls like rain’ ahead of WASDE report.</li>
<li>Positive revisions are expected for major Wheat exporting countries US &amp; Russia, even as EU reels from adverse weather. US grain forecasts will follow suit and outweigh concerns</li>
</ul>


June witnessed heavy selling across major US crops across corn, beans and wheat with wheat taking the biggest hit.
Grain prices have been bearish on favorable supply. The adage of ‘rain makes grain’ has changed this summer to ‘grain falls like rain’ ahead of WASDE report.
Positive revisions are expected for major Wheat exporting countries US &amp; Russia, even as EU reels from adverse weather. US grain forecasts will follow suit and outweigh concerns


[WASDE Preview] Bounty Harvest of US Wheat & Corn; But Brace for Weak EU Forecast

<ul>
<li>Recent acreage report shows benign planting figures and solid ending stocks for Corn sending its prices lower. Wheat also declined on higher stocks, while Soybeans rebounded.</li>
<li>Wheat faces headwinds &amp; tailwinds. Fundamentals are dragged down by favorable weather in exporting countries &amp; imminent US harvest; Strong US demand &amp; weak EU forecast has supported prices.</li>
<li>Soybeans appear well supported from an unlikely ally in Trump. Import Duty tit-for-tat could see China slapping duty on Soy imports.</li>
</ul>


Recent acreage report shows benign planting figures and solid ending stocks for Corn sending its prices lower. Wheat also declined on higher stocks, while Soybeans rebounded.
Wheat faces headwinds &amp; tailwinds. Fundamentals are dragged down by favorable weather in exporting countries &amp; imminent US harvest; Strong US demand &amp; weak EU forecast has supported prices.
Soybeans appear well supported from an unlikely ally in Trump. Import Duty tit-for-tat could see China slapping duty on Soy imports.


[CB 27/2024] Wheat & Bean Up on Improving Demand as Corn Tumbles on Benign Planting & Solid Harvest

<ul>
<li>Hurricane Beryl started out as a category 5 hurricane, made landfall on the Texas Coast early Monday (08/July) &amp; weakened to a Tropical Depression.</li>
<li>Beryl has weakened and likely not significantly impact corn and soybean prices in the long run. Storm led rains will likely have a bearish effect on prices.</li>
<li>Beryl might bring much needed rain to Illinois, Indiana, and parts of Ohio, potentially providing favorable weather for corn and soybean growth in these areas.</li>
</ul>


Hurricane Beryl started out as a category 5 hurricane, made landfall on the Texas Coast early Monday (08/July) &amp; weakened to a Tropical Depression.
Beryl has weakened and likely not significantly impact corn and soybean prices in the long run. Storm led rains will likely have a bearish effect on prices.
Beryl might bring much needed rain to Illinois, Indiana, and parts of Ohio, potentially providing favorable weather for corn and soybean growth in these areas.


Corn & Soybeans Yields Stand to Benefit from Storm Beryl Even as It Leaves Destruction in Its Path

<ul>
<li>Corn and Wheat planted acreage are down 3% and 5% YoY, respectively. Meanwhile, Soybean total planted area is up by 5% YoY compared to 2023.</li>
<li>Planted acreage and ending stocks drove prices down for wheat and corn. Soybeans bucked the trend as reported acreage fell short of WASDE estimates by 400k acres.</li>
<li>A positive picture for 2024 planting season is visible, with the early benefits of warm temperatures and improved moisture levels setting the stage for strong yields.</li>
</ul>


Corn and Wheat planted acreage are down 3% and 5% YoY, respectively. Meanwhile, Soybean total planted area is up by 5% YoY compared to 2023.
Planted acreage and ending stocks drove prices down for wheat and corn. Soybeans bucked the trend as reported acreage fell short of WASDE estimates by 400k acres.
A positive picture for 2024 planting season is visible, with the early benefits of warm temperatures and improved moisture levels setting the stage for strong yields.


Crop Prices Plunge as Favorable US Weather Accelerates Planting, Growth, & Harvesting

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Soybean Active Contract (S A COMDTY)

[CB 30/2024] Corn & Soy Tumble on Improving Weather; Chinese Demand Likely to Support Soy

82% of the US winter wheat harvested, 2% more than average. Wheat vols on the rise on conflicting fundamentals. Beans remains volatile amid Chinese...

Mint Finance

[WASDE Preview] Bounty Harvest of US Wheat & Corn; But Brace for Weak EU Forecast

Rains makes grains. But this June, Grains have been falling like rains. Grain prices have come crashing with bounty harvest. What will WASDE report...

Mint Finance

[CB 27/2024] Wheat & Bean Up on Improving Demand as Corn Tumbles on Benign Planting & Solid Harvest

Corn prices down 3% last week. Wheat prices cropped up 1.65%. Soybean prices were up 1.79% on fears of trade war escalation.

Mint Finance

Corn & Soybeans Yields Stand to Benefit from Storm Beryl Even as It Leaves Destruction in Its Path

Storm Beryl has flooded roads, closed ports, cancelled >1,300 flights, blacked out 2.7m homes, and killed >three people. It could spawn tornadoes...

Mint Finance

Crop Prices Plunge as Favorable US Weather Accelerates Planting, Growth, & Harvesting

Warm spring led to rapid planting for summer crops. Only 4% & 15% of intended corn & soybean acreage remain unplanted. Warmth aided winter wheat...

Mint Finance

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