Most of the major agricultural commodity contracts opened today’s trading session in the red and stayed that way to the close. Only feeder cattle and lean hogs managed small gains on the day. New contract lows were hit for December soyoil, September SRW and September HRW. Volume was overa...
Dec 24 Corn closed at $4.1/bushel, down $0.1075 from yesterday's close. Sep 24 Wheat closed at $5.235/bushel, down $0.1425 from yesterday's close. Nov 24 Soybeans closed at $10.485/bushel, down $0.31 from yesterday's close. Dec 24 Soymeal closed at $324.7/short ton, down $4.5...
Recently, WPI has received requests from a few clients to provide some analysis on the cocoa market. Clearly, there is a reason for this request as cocoa prices have been exceptionally volatile and futures more than doubled over the nine months from August 2023 through April 2024. I...
June 2024 total red meat and poultry stocks were up slightly from May but 5.4 percent below June 2023 levels due to sharp declines in poultry and pork stocks. Total poultry stocks were down 7.8 percent year-over-year (YoY) due to reductions in broiler slaughter for the month. Total pork stocks...
Dec 24 Corn closed at $4.1/bushel, down $0.1075 from yesterday's close. Sep 24 Wheat closed at $5.235/bushel, down $0.1425 from yesterday's close. Nov 24 Soybeans closed at $10.485/bushel, down $0.31 from yesterday's close. Dec 24 Soymeal closed at $324.7/short ton, down $4.5...
Recently, WPI has received requests from a few clients to provide some analysis on the cocoa market. Clearly, there is a reason for this request as cocoa prices have been exceptionally volatile and futures more than doubled over the nine months from August 2023 through April 2024. I...
June 2024 total red meat and poultry stocks were up slightly from May but 5.4 percent below June 2023 levels due to sharp declines in poultry and pork stocks. Total poultry stocks were down 7.8 percent year-over-year (YoY) due to reductions in broiler slaughter for the month. Total pork stocks...
Ocean Freight Comments - 26 July 2024 By Matt Herrington Dry bulk markets saw another week of fairly dull trade with demand becoming more balanced against vessel availability. There has been fresh business from South America’s East Coast as well as the Black Sea that have helped take some...
Non-Meat: In a first, a Europe-based company has sought EU approval to market lab-grown meat, in this case fake foie gras. Some member states have already banned such products. While lab-grown meat remains expensive, and plant-based meat substitutes have faced declining popularity, the increase...
Ocean Freight Comments - 26 July 2024 By Matt Herrington Dry bulk markets saw another week of fairly dull trade with demand becoming more balanced against vessel availability. There has been fresh business from South America’s East Coast as well as the Black Sea that have helped take some...
Ocean Freight Comments - 26 July 2024 By Matt Herrington Dry bulk markets saw another week of fairly dull trade with demand becoming more balanced against vessel availability. There has been fresh business from South America’s East Coast as well as the Black Sea that have helped take some...
Export Sales and Shipments for July 12-18, 2024 Wheat: Net sales of 309,300 metric tons (MT) for 2024/2025 were down 47 percent from the previous week and 46 percent from the prior 4-week average. Export shipments of 271,500 MT were down 57 percent from the previous week and 30 percent fr...
The headline for the CBOT on Thursday was the unexpected surge in soymeal export sales that boosted that market and new crop soybeans to strong gains for the day. Soymeal exports have been a prominent support for the market this year and their recent uptick after December futures fell to near $...
Dec 24 Corn closed at $4.2075/bushel, up $0.0275 from yesterday's close. Sep 24 Wheat closed at $5.3775/bushel, down $0.0925 from yesterday's close. Nov 24 Soybeans closed at $10.795/bushel, up $0.155 from yesterday's close. Dec 24 Soymeal closed at $329.2/short ton, up $8.6 f...
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