World Perspectives

Technical Views - Exit and Reassess

SPREADS March crush trades at 1.00c/bu while oilshare backs down to 35.22%.  Traders are buying meal / selling soyoil today with lower palm oil price activity.  Spreads are weaker in corn, with July/Dec trading out to 2 3/4c from 1 1/4c.  March/May corn is steady/firmer with trad...

Today’s Top insights

Hey Phil Hogan, How’s the New Job Going?

New EU Trade Commissioner Phil Hogan was in Washington this week for a sort of baptism by fire. On top of foreign policy tensions like Iran and security issues like NATO funding, there are economic issues like trade.  The U.S. has imposed tariffs on imports from the EU under the WTO Airbus...

Martin Luther King Day

Please note that Monday, 20 January is a U.S. federal holiday in honor of the remarkable achievements of Martin Luther King, Jr. As a result, both the markets and World Perspectives, Inc. are closed that day. The next Ag Perspectives report will be issued the following day, 21 January. ...

feed-grains soy-oilseeds wheat

Market Commentary

Note that the CBOT markets will be closed on Monday, 20 January 2020 for the Martin Luther King Jr. holiday.  The CBOT traded another volatile day with corn erasing yesterday’s steep losses and wheat, soybeans, and soyoil all finishing higher as well. Rumors of Chinese corn and sorgh...

Hey Phil Hogan, How’s the New Job Going?

New EU Trade Commissioner Phil Hogan was in Washington this week for a sort of baptism by fire. On top of foreign policy tensions like Iran and security issues like NATO funding, there are economic issues like trade.  The U.S. has imposed tariffs on imports from the EU under the WTO Airbus...

Martin Luther King Day

Please note that Monday, 20 January is a U.S. federal holiday in honor of the remarkable achievements of Martin Luther King, Jr. As a result, both the markets and World Perspectives, Inc. are closed that day. The next Ag Perspectives report will be issued the following day, 21 January. ...

feed-grains soy-oilseeds wheat

Market Commentary

Note that the CBOT markets will be closed on Monday, 20 January 2020 for the Martin Luther King Jr. holiday.  The CBOT traded another volatile day with corn erasing yesterday’s steep losses and wheat, soybeans, and soyoil all finishing higher as well. Rumors of Chinese corn and sorgh...

feed-grains wheat soy-oilseeds

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...

AM Outlook - Firm Ranges

GOOD MORNING, The market remains focused this week on South American weather, harvest pressure, and signs of any Chinese purchases.   Last week the corn market reversed course, breaking to new lows on Thursday only to take back those losses on Friday, in effect showing us its trading...

feed-grains wheat soy-oilseeds

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...

Transatlantic Miscalculations

Analysts say that Mr. Trump settled on a partial economic deal with China in order to smooth his path to reelection. In that agreement’s aftermath, the markets are now priced for continued economic growth. This raises doubts that 2020 is the year when he presents a major trade challenge t...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.8925/bushel, up $0.1375 from yesterday's close.  Mar 20 Wheat closed at $5.705/bushel, up $0.0525 from yesterday's close.  Mar 20 Soybeans closed at $9.2975/bushel, up $0.0575 from yesterday's close.  Mar 20 Soymeal closed at $300.6/short ton, up $0 from...

livestock

Growing Chinese Dairy Market

Reflecting the rapid growth of China’s dairy import needs, albeit from a small base, the new economic agreement between Beijing and Washington includes market access requirements intended to grow the trade. As is common throughout the agreement, the U.S. commits to working on removing its...

feed-grains soy-oilseeds wheat

PM Post - Corn Bear Trap?

THE OPEN March beans:  2 1/4 lower March meal:  .20 lower March soyoil:  25 lower March corn:  2 1/2 higher March wheat:  1 higher The markets opened as called, though more weakness was noted for the soy complex at the start of the day.  Grains recovered, led by co...

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