World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened higher overnight with strength from Tuesday’s reversals carrying through into trade early on Wednesday. The markets turned lower, however, as concerns about worsening relations between the U.S. and China weighed on futures. The soy complex took the brunt of that concern and bear spreading developed versus the grains. Despite today’s lackluster trade, seasonal trends suggest rally potential is growing and technical indicators are firming as well. Funds are thought to have bought some 5,000 contracts of corn and 6,000 contracts of soyoil while selling some 2,000 contracts in both wheat and soybeans.  News broke this afternoon that U.S. Secretary of State Mike Pompeo said Hong Kong is no longer autonomous from...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.43/bushel, down $0.1825 from yesterday's close.  Sep 21 Wheat closed at $6.84/bushel, down $0.0825 from yesterday's close.  Nov 21 Soybeans closed at $13.5175/bushel, down $0.105 from yesterday's close.  Dec 21 Soymeal closed at $356.2/short ton, down $9...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Weak Technicals; Livestock Markets Digest New Data

The CBOT pulled back again on Friday with weak technical conditions in corn and soybeans contributing to early declines. U.S. weather forecasts are mostly hot and dry still, but recent European model runs show greater precipitation for the central U.S. That put a bearish bias in the CBOT today...

wheat livestock soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 21 Corn closed at $5.43/bushel, down $0.1825 from yesterday's close.  Sep 21 Wheat closed at $6.84/bushel, down $0.0825 from yesterday's close.  Nov 21 Soybeans closed at $13.5175/bushel, down $0.105 from yesterday's close.  Dec 21 Soymeal closed at $356.2/short ton, down $9...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Weak Technicals; Livestock Markets Digest New Data

The CBOT pulled back again on Friday with weak technical conditions in corn and soybeans contributing to early declines. U.S. weather forecasts are mostly hot and dry still, but recent European model runs show greater precipitation for the central U.S. That put a bearish bias in the CBOT today...

wheat livestock soy-oilseeds

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

livestock

Cattle Supply Continuing to Contract in Line with Expectations

USDA’s semi-annual Cattle Inventory report was released this afternoon. All cattle and calves in the United States on 1 July totaled 101 million head, 99 percent of July 2020 – in line with pre-report expectations. Of that inventory, all cows and heifers that have calved totaled 40...

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