World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Still Firm

GOOD MORNING, Prices continue to remain well bid with no reversal signals in sight.  China continues to be around the market, Black Sea vegoil values are rising, and dryness in various parts of the world continue to add to worries over production.  Funds continue to own the market in lieu of these concerns while better producer engagement has been noted as beans traveled over $10.00 and corn $3.70.  Rumors continue that China has purchased more US beans, but noted they could be buying Brazil as well for Feb. shipment.   WEATHER --The US is drier over the next 10 days, with some rains in the Delta and the Southeast from tropical storm Sally, which is forecast to turn into a hurricane this week.   --Arge...

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feed-grains soy-oilseeds wheat

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The CBOT continues to scream higher with Chinese buying of U.S. corn and soybeans underpinning prices. Managed money funds have been aggressive buyers as technical analysis has shown few, if any, reasons to be bearish or sell a long position. The rally is not isolated to the futures market eith...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.785/bushel, up $0.0325 from yesterday's close.  Dec 20 Wheat closed at $5.75/bushel, up $0.1875 from yesterday's close.  Nov 20 Soybeans closed at $10.435/bushel, up $0.15 from yesterday's close.  Dec 20 Soymeal closed at $342.1/short ton, up $6.8 from ye...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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