The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons. Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is c...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Jul 23 Corn closed at $6.09/bushel, up $0.165 from yesterday's close. Jul 23 Wheat closed at $6.19/bushel, up $0.0825 from yesterday's close. Jul 23 Soybeans closed at $13.525/bushel, up $0.23 from yesterday's close. Jul 23 Soymeal closed at $397.8/short ton, down $3.6 from ye...
The Market There were notable price movements the past few days despite it being a holiday abbreviated trading week. November soybeans gained 37.25 cents in just the past two days and the July soybean contract added 15.25 cents for the week despite taking a sharp loss on Tuesday. Soyoil lost it...
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Jul 23 Corn closed at $6.09/bushel, up $0.165 from yesterday's close. Jul 23 Wheat closed at $6.19/bushel, up $0.0825 from yesterday's close. Jul 23 Soybeans closed at $13.525/bushel, up $0.23 from yesterday's close. Jul 23 Soymeal closed at $397.8/short ton, down $3.6 from ye...
The Market There were notable price movements the past few days despite it being a holiday abbreviated trading week. November soybeans gained 37.25 cents in just the past two days and the July soybean contract added 15.25 cents for the week despite taking a sharp loss on Tuesday. Soyoil lost it...
Challenging Mexico GMO Policy The U.S. formally requested USMCA dispute settlement consultations with Mexico over its proposed ban on GMO corn. The move comes months after initiating informal discussions that have gone nowhere. Former Mexican agricultural trade negotiator Kenneth Smith Ramos ha...
As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...
Challenging Mexico GMO Policy The U.S. formally requested USMCA dispute settlement consultations with Mexico over its proposed ban on GMO corn. The move comes months after initiating informal discussions that have gone nowhere. Former Mexican agricultural trade negotiator Kenneth Smith Ramos ha...
Export Sales and Shipments for May 12-18, 2023 Wheat: Net sales reductions of 45,100 metric tons (MT) for 2022/2023--a marketing-year low--were up 7 percent from the previous week, but down noticeably from the prior 4-week average. Export shipments of 386,300 MT were up 78 percent f...
Thursday’s release of USDA’s weekly Drought Monitor report reinforced that new crops in the ground could begin to feel some stress. The report showed abnormally dry conditions throughout most of the U.S. production zone. The early season dryness could really impact corn, whic...
USDA released its updated food expenditure series this morning. Going into the farm bill and SNAP debate – and in light of the debt ceiling deal which makes some reforms to SNAP – the trend line of government spending on consumer food purchases is noteworthy for its steep incre...
Jul 23 Corn closed at $5.925/bushel, down $0.015 from yesterday's close. Jul 23 Wheat closed at $6.1075/bushel, up $0.165 from yesterday's close. Jul 23 Soybeans closed at $13.295/bushel, up $0.2975 from yesterday's close. Jul 23 Soymeal closed at $401.4/short ton, up $8 from...
Don’t have an account yet? Sign Up