Global food prices held broadly stable in December, with rising international cereal prices offsetting declining sugar and dairy quotations, the Food and Agriculture Organization of the United Nations (FAO) said in a statement.
• China's economic fortunes are set to improve in 2019.
• Trade tariff dispute between U.S. and China will likely also resolve.
• An improving China outlook bodes well for higher commodity prices.
Oil traders will be watching for more trade-related headlines this week, after prices enjoyed a third weekly gain in a row on hopes the United States and China would strike a deal to end a trade war between the world's two biggest economies.
• Christmas Eve was a blow-off low.
• The weekly chart looks bullish - OPEC cuts are hitting the market.
• Spreads are tightening.
• The February-March roll could lead to buying - OIH is still cheap.
Planning for the future can be a very frustrating process especially in times of tariffs and market volatility. Planning typically pays high dividends. For most farm and ranch managers, developing realistic commodity price expectations is one of the most difficult and complex tasks of the planning process.