Articles tagged under: Mike Zuzolo
Spring Wheat and Durum Facing “Catastrophic Situation”
Published July 18, 2021
The latest U.S. Drought Monitor shows nearly all of the U.S. spring wheat and durum crop in some sort of drought. Global Commodity Analytics and Consulting President Mike Zuzolo thinks recent export demand for spring wheat is end users trying…Demand Rationing
Published July 2, 2021
Wednesday’s Acreage and Quarterly Stocks reports shows the need to ration demand. Global Commodity Analytics and Consulting President Mike Zuzolo says that is happening. "We clearly see some demand rationing and competition remains very, very stiff because of our prices."A More Fundamental Grain Trade
Published June 18, 2021
Global Commodity Analytics and Consulting President Mike Zuzolo thinks traders are getting back to more of a fundamental type trade following Thursday’s fund led blowout in the grains. "We're actually coming back around, starting to revisit that." The pork and…A Slight Surprise for Grain Traders
Published June 13, 2021
USDA raised soybean ending stocks and lowered corn ending stock a little more than the grain trade was expecting last week. Global Commodity Analytics and Consulting President Mike Zuzolo thinks global supply fundamentals are in play for the grain market.…A Tough Year for the Ag Supply Chain
Published May 17, 2021
Global Commodity Analytics and Consulting President Mike Zuzolo says any supply chain issues will cause shipping problems, reflected in basis levels. "You can't really offer anything if you can't get the barge. Thankfully, we didn't have to go into the…Grain Market Surprised at Higher Ending Stock Estimates
Published May 7, 2021
Pre-report estimates for the May USDA Supply and Demand report have ending stocks higher than where current commodity prices would indicate. "I don't know if the trade is looking at that specifically, but I think the numbers coming in at…April WASDE Report Friendly for Corn, Neutral for Soybeans
Published April 9, 2021
USDA’s April WASDE report was considered friendly for corn and neutral to bearish for soybeans. Global Commodity Analytics and Consulting President Mike Zuzolo says the spread action between corn and soybeans makes sense. "The wheat and corn look extremely strong…Large Container Ship Blocks Suez Canal For Nearly a Week
Published March 29, 2021
The large container ship that has been blocking the Suez Canal for most of the past week has been fully dislodged. This ship blocked "essentially 12 percent of global trade and about 30 percent of all container ship trade in…Tight Crop Supplies Continue to Concern Grain Trade
Published March 4, 2021
Global Commodity Analytics and Consulting President Mike Zuzolo says grain traders are still nervous about tight supplies following Thursday’s USDA weekly Export Sales report. "Weekly export sales weren't as nearly as disappointing for the soybeans and the soybean meal. I…