World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Have to Trade the Numbers

GOOD MORNING,  The market continued to respond to the USDA report on Monday with grains undergoing a round of long liquidation while shorts covered in some of their bean positions.  Beans further popped yesterday following the announcement of a delay in new tariffs on China.  As to talks, US Commerce Sec Ross said no date has been set for the next face-to-face China/US trade talks while adding that there was no quid pro quo from China regarding the US decision to put off tariffs on some Chinese goods.  Bean bears are on guard now in case China does purchase some as a goodwill gesture.  The political scene is getting very interesting in Argentina where President Macri could be challenged.  Typically, Argentine...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 19 Corn closed at $3.8075/bushel, up $0.0975 from yesterday's close.  Sep 19 Wheat closed at $4.7075/bushel, up $0.0175 from yesterday's close.  Nov 19 Soybeans closed at $8.7975/bushel, up $0.09 from yesterday's close.  Dec 19 Soymeal closed at $300.3/short ton, up $3.4 from...

Bond Yield, China, and Buying Opportunities

The yield curve for Treasury bonds inverted on Wednesday, and that sparked a major stock sell-off as well as rampant speculation about the state of the economy. While it is true that inverted yield curves preceded each of the last seven recessions, the phenomenon is a symptom and not a cause. I...

feed-grains soy-oilseeds wheat

Market Commentary

Expectations of crop tours finding yields below USDA’s latest estimate gave the CBOT a boost to end what has otherwise been a bearish week. Private yield estimates prompted a round of short covering in the corn and soybean markets, while wheat was left largely directionless. Cattle prices...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 19 Corn closed at $3.8075/bushel, up $0.0975 from yesterday's close.  Sep 19 Wheat closed at $4.7075/bushel, up $0.0175 from yesterday's close.  Nov 19 Soybeans closed at $8.7975/bushel, up $0.09 from yesterday's close.  Dec 19 Soymeal closed at $300.3/short ton, up $3.4 from...

Bond Yield, China, and Buying Opportunities

The yield curve for Treasury bonds inverted on Wednesday, and that sparked a major stock sell-off as well as rampant speculation about the state of the economy. While it is true that inverted yield curves preceded each of the last seven recessions, the phenomenon is a symptom and not a cause. I...

feed-grains soy-oilseeds wheat

Market Commentary

Expectations of crop tours finding yields below USDA’s latest estimate gave the CBOT a boost to end what has otherwise been a bearish week. Private yield estimates prompted a round of short covering in the corn and soybean markets, while wheat was left largely directionless. Cattle prices...

Economic Conundrum; Trade Adjustment Assistance

Economic Conundrum The West turned unhappy with China’s trade and economic practices before Donald Trump, but it is unclear that his approach to the problem is working. While the trade hit on U.S. agriculture is clear, the American side is generally faring worse from the trade war. China&...

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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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