World Perspectives
feed-grains wheat livestock

Closing Bell Wrap-Up

It was a day of red at the CBOT with corn and soybeans marking new contract lows and Chicago wheat breaking below key support. MGEX HRS wheat found support just above its contract low and did not venture below that point today.  The cause of the day’s price weakness was – what else? - escalation in the U.S.-China trade war. China announced it will file another WTO dispute if the Trump Administration activates new tariffs in August. The situation is hardly improving for U.S. ag interests, a fact evident in CBOT prices today.  It’s a “risk off” day in the markets with U.S. stock indexes lower amid trade war and other global geopolitical worries (i.e., conflict at the NATO meetings). The VIX is higher...

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Markets were steady to slightly higher overnight, but the wheat markets took off higher again this morning. KC and Chicago traded gains of 10-15 cents most of the day before closing up 10-12.75 cents. Meanwhile, Minneapolis was trading 15-20 cents higher and finished up 14-18.25 cents. Corn aga...

feed-grains soy-oilseeds wheat

Summary of Futures

Changes in energy products’ recent price behavior point to potential trading opportunities. Similarly, the momentum indicators in grains show opportunities in those commodities are rapidly changing as well. Finally, livestock and soft commodity futures are analyzed and their forward curve...

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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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