World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Correction Coming

GOOD MORNING, New contract highs were placed in May soyoil, May canola, and Nov beans.   The bean spread inverse leaks lower, while nearby corn spreads are steady.  Prices were higher across the board in early PM session trading, but some of the markets trade both sides coming into the morning session.   Major trends still remain higher on dry weather in Argentina and the prospect for more demand for Ag goods from China.  This weekend, China's state council released a plan to state run media outlets called "The No. 1 document" and it said the gov. will work towards enhancing its ability to procure grain and other important ag products to ensure food security.  Part of the plan is for all provinces to sub...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Consolidates Amid Argentine Dryness, Slow Export News

The CBOT was mostly lower in decidedly consolidative trade on Wednesday. Ag futures seem to be bumping up against key support levels where end-users are extending purchases. Short sellers seem to be mostly absent the market amid South American weather concerns and expectations that USDA will of...

feed-grains soy-oilseeds wheat

Summary of Futures

May 21 Corn closed at $5.3525/bushel, down $0.0975 from yesterday's close.  May 21 Wheat closed at $6.56/bushel, down $0.1025 from yesterday's close.  May 21 Soybeans closed at $14.075/bushel, down $0.05 from yesterday's close.  May 21 Soymeal closed at $418.8/short ton, down $2...

Inequivalent, Protectionist; Bulls and Pandemics

Inequivalent, Protectionist In 2012, the U.S. and EU established an agreement asserting that each other’s organic standards were substantially equivalent. The agreement was reviewed again in 2015 and may require additional review depending on one’s interpretation of “substanti...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Consolidates Amid Argentine Dryness, Slow Export News

The CBOT was mostly lower in decidedly consolidative trade on Wednesday. Ag futures seem to be bumping up against key support levels where end-users are extending purchases. Short sellers seem to be mostly absent the market amid South American weather concerns and expectations that USDA will of...

feed-grains soy-oilseeds wheat

Summary of Futures

May 21 Corn closed at $5.3525/bushel, down $0.0975 from yesterday's close.  May 21 Wheat closed at $6.56/bushel, down $0.1025 from yesterday's close.  May 21 Soybeans closed at $14.075/bushel, down $0.05 from yesterday's close.  May 21 Soymeal closed at $418.8/short ton, down $2...

Inequivalent, Protectionist; Bulls and Pandemics

Inequivalent, Protectionist In 2012, the U.S. and EU established an agreement asserting that each other’s organic standards were substantially equivalent. The agreement was reviewed again in 2015 and may require additional review depending on one’s interpretation of “substanti...

feed-grains soy-oilseeds wheat

China In-Country Analysis

Note to Readers Coronavirus Hits Home Despite our best efforts to practice social distancing and good hygiene, including the wearing of masks in public, our staff was impacted by COVID-19 in February. One of our writer/editor’s and family members were hit pretty severely with the disease,...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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