World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Note: CBOT and CME ag futures markets will be closed on Monday, 17 February for the U.S. President’s Day holiday. WPI offices will be closed as well. Enjoy the holiday!  The CBOT opened on a stronger note with short covering again the feature of the morning. As the day wore on, however two-sided trade developed as traders evened positions ahead of the long weekend. There are conflicting factors that will be in play over the weekend, the favorable (and therefore bearish) weather for Brazil’s and Argentina’s crops versus the Phase One tariff reduction for Chinese purchases of U.S. ag goods. The Chinese purchases could certainly spark a CBOT rally, which is why short positions have been pared back this week.  Chin...

WPI on Twitter

WPI POLL

How much will China meet its Phase I purchasing requirements in 2020?

Related Articles
livestock

Livestock Round Up

The Livestock and Meat trade data will be released Monday after the holiday weekend; it will likely show exports way down in May reflecting the COVID-19 impact on slaughter and offsetting the high profile gains made in April, especially in pork shipments to China. With the COVID shutdown in pla...

feed-grains soy-oilseeds wheat

Export Sales

Wheat: Net sales of 414,300 metric tons (MT) were reported for delivery in marketing year 2020/2021.   Corn: Net sales of 361,100 MT for 2019/2020 were down 22 percent from the previous week and 32 percent from the prior 4-week average.   Soybeans: Net sales of 241,700 MT fo...

feed-grains soy-oilseeds wheat

Market Commentary

It was a quiet session (December corn contract volume was down 55 percent from the five-day average) in an early close before a long weekend as some profit was taken off the table, but there are still things to talk about.  Economists polled by Reuters ahead of today’s U.S. jobs rep...

livestock

Livestock Round Up

The Livestock and Meat trade data will be released Monday after the holiday weekend; it will likely show exports way down in May reflecting the COVID-19 impact on slaughter and offsetting the high profile gains made in April, especially in pork shipments to China. With the COVID shutdown in pla...

feed-grains soy-oilseeds wheat

Export Sales

Wheat: Net sales of 414,300 metric tons (MT) were reported for delivery in marketing year 2020/2021.   Corn: Net sales of 361,100 MT for 2019/2020 were down 22 percent from the previous week and 32 percent from the prior 4-week average.   Soybeans: Net sales of 241,700 MT fo...

feed-grains soy-oilseeds wheat

Market Commentary

It was a quiet session (December corn contract volume was down 55 percent from the five-day average) in an early close before a long weekend as some profit was taken off the table, but there are still things to talk about.  Economists polled by Reuters ahead of today’s U.S. jobs rep...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 20 Corn closed at $3.435/bushel, down $0.07 from yesterday's close.  Sep 20 Wheat closed at $4.92/bushel, down $0.0675 from yesterday's close.  Nov 20 Soybeans closed at $8.9675/bushel, down $0.0225 from yesterday's close.  Dec 20 Soymeal closed at $304.2/short ton, down $0.4...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up