World Perspectives

Crude Oil and Feedlot Rations

As Gary Blumenthal reported yesterday, efforts are afoot to put a safety net under global crude oil prices. President Trump is communicating with Saudi Arabia and Russia to coordinate a détente in their price and production war, and the so-called OPEC-Plus group, which includes OPEC memb...

Today’s Top insights
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was called mixed/lower to start today and it did just that. Corn and the soy complex were subject to fund selling and broke key technical support points while the wheat market strengthened on news of a Russian export quota. The livestock markets are in complete disarray and swung from...

Jones Act Waiver; Cost of Local; USMCA Date

Jones Act Waiver Energy industry representatives met with President Trump today and agriculture sector representatives should have been there as well. Not to fight over oil versus ethanol but to unify behind petroleum’s request that the President waive the Jones Act. The 100-year old Jone...

livestock soy-oilseeds wheat

CFTC COT Report Analysis

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...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was called mixed/lower to start today and it did just that. Corn and the soy complex were subject to fund selling and broke key technical support points while the wheat market strengthened on news of a Russian export quota. The livestock markets are in complete disarray and swung from...

Jones Act Waiver; Cost of Local; USMCA Date

Jones Act Waiver Energy industry representatives met with President Trump today and agriculture sector representatives should have been there as well. Not to fight over oil versus ethanol but to unify behind petroleum’s request that the President waive the Jones Act. The 100-year old Jone...

livestock soy-oilseeds wheat

CFTC COT Report Analysis

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...

feed-grains soy-oilseeds wheat

Summary of Futures

May 20 Corn closed at $3.3075/bushel, down $0.0275 from yesterday's close.  May 20 Wheat closed at $5.4925/bushel, up $0.075 from yesterday's close.  May 20 Soybeans closed at $8.5425/bushel, down $0.045 from yesterday's close.  May 20 Soymeal closed at $303.2/short ton, down $5...

Ag Review - March 2020

WPI's monthly publication features a review of the past month's market and policy developments. This month we look at the impact of the coronavirus, the remaking of our food systems, technology in agriculture, insights from China and South America and more. We also remember WPI founder Carole B...

feed-grains soy-oilseeds wheat

Summary of Futures

May 20 Corn closed at $3.3075/bushel, down $0.0275 from yesterday's close.  May 20 Wheat closed at $5.4925/bushel, up $0.075 from yesterday's close.  May 20 Soybeans closed at $8.5425/bushel, down $0.045 from yesterday's close.  May 20 Soymeal closed at $303.2/short ton, down $5...

feed-grains soy-oilseeds

Dalian Futures Weekly Analysis

In our continuing efforts to provide you with pertinent market analysis, WPI is considering expanding our analysis and coverage of the Chinese commodity futures markets. The following is a sample. Tell us what you think – email Matt at mherrington@grilink.com and let us know your thoughts...

feed-grains soy-oilseeds wheat

PM Post - New Lows

THE OPEN May beans:  2 1/2 higher May meal:  .40 lower May soyoil:  21 higher May corn:  4 higher July wheat:  8 1/4 higher The market opened as called but funds sold more corn, bean, and meal sending prices to new trading range or contract lows.  Wheat and soyoil...

livestock

Meat and Money

Beef and pork futures prices have been declining due to the likely sharp drop in economic growth. On a cost per calorie basis, beef can be five times as expensive as eggs, and pork can be three times as expensive as wheat bread. On a world-wide basis, beef consumption is more influenced by GDP...

feed-grains soy-oilseeds wheat

Technical Views - Chasing Oil Higher

SPREADS July crush trades down to 1.06c/bu while oilshare is firmer, trading back over 30.0%.  July/Dec corn trades out to 10 3/4c from 9 3/4c, while May/July trades from 4 3/4c to 5 1/2c.  July/Dec meal inverse weakens to $1.80 from $2.60.  July/Nov bean inverse weakens from 2 1...

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