GOOD MORNING, The night session featured a higher wheat market vs. lower markets elsewhere, supported by Matif corn and wheat that gapped into new highs overnight. Russia's restrictions and export taxes, ($1.65 export tax on wheat exports after March 1), could mean that as much as 5-7 mmt of Ru...
Mar 21 Corn closed at $5.315/bushel, down $0.0275 from yesterday's close. Mar 21 Wheat closed at $6.755/bushel, up $0.055 from yesterday's close. Mar 21 Soybeans closed at $14.1675/bushel, down $0.1375 from yesterday's close. Mar 21 Soymeal closed at $463.2/short ton, down $1...
The CBOT/CME markets will be closed Monday, 18 January 2021 in observance of the Martin Luther King Jr. holiday. WPI’s offices will be closed as well and we wish everyone an enjoyable weekend. The next Ag Perspectives report will be issued Tuesday, 19 January. ...
The CBOT settled mostly lower heading into the long, three-day weekend with traders citing profit taking and uncertain macro markets as reasons for the lower trade. CBOT corn, soybeans, and wheat have all posted six- or seven-year highs this week and the overbought nature of these markets made...
Mar 21 Corn closed at $5.315/bushel, down $0.0275 from yesterday's close. Mar 21 Wheat closed at $6.755/bushel, up $0.055 from yesterday's close. Mar 21 Soybeans closed at $14.1675/bushel, down $0.1375 from yesterday's close. Mar 21 Soymeal closed at $463.2/short ton, down $1...
The CBOT/CME markets will be closed Monday, 18 January 2021 in observance of the Martin Luther King Jr. holiday. WPI’s offices will be closed as well and we wish everyone an enjoyable weekend. The next Ag Perspectives report will be issued Tuesday, 19 January. ...
The CBOT settled mostly lower heading into the long, three-day weekend with traders citing profit taking and uncertain macro markets as reasons for the lower trade. CBOT corn, soybeans, and wheat have all posted six- or seven-year highs this week and the overbought nature of these markets made...
Codifying Gains American farmers are said to be politically conservative. After all, they tend to vote for Republicans in large numbers. But even Republicans are not the budget hawks they once were. Instead, politics has solely become who gets the largess, not whether it builds more debt...
SPREADS March crush falls further to 62c/bu, while oilshare weakens to 30.98%. July/Dec corn inverse falls to 67 1/2c from 75c, while March/May trades from 2 1/4c to 3c carry. March/May wheat trades from 3/4c to 1c carry. March wheat/corn trades from 1.50c to 1.58...
Codifying Gains American farmers are said to be politically conservative. After all, they tend to vote for Republicans in large numbers. But even Republicans are not the budget hawks they once were. Instead, politics has solely become who gets the largess, not whether it builds more debt...
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...
On noon next Wednesday, President-Elect Biden will be inaugurated so time is short for the Trump Administration to wrap up rules and regulations. Several of interest to agriculture have been issued this week. But also, one of President Biden’s first actions next Wednesday will be to place...
THE OPEN March beans: 8 lower March meal: 3.90 lower March soyoil: 59 lower March corn: 3 lower March wheat: 11 higher The markets opened as expected but found profit-taking heading into a long weekend and calls for a slightly wetter forecast. Weaker soyoil prices...
The current concern by some about rising grain prices will soon be met by falling meat prices. China reportedly imported 9.91 MMT of meat in 2020, a 60 percent increase to address shortages caused by ASF. That means that roughly 30 percent of globally traded meat went to China. With China...
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