World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Overnight trade reversed some of what occurred on Monday. Soybeans were higher, while grain prices were lower. Traders were chewing over news that U.S. Treasury Secretary Mnuchin has been discussing trade issues with high-level Chinese officials. Optimists see such contact as setting the stage for Presidents Trump and Xi to make some sort of announcement during their 30 November meeting in Buenos Aires. However, soybean futures traded mostly lower overnight and today, which is not a vote of confidence in a quick end to the trade dispute. Following yesterday’s federal holiday, the USDA/FGIS report of last week’s grain export inspections was released today. It showed 44.7 million bushels of corn, 47.8 million bushels of soybeans...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Complex Pause Rallies while Technical Buying Lifts Wheat

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feed-grains soy-oilseeds wheat

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May 24 Corn closed at $4.36/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.4275/bushel, up $0.1425 from yesterday's close.  May 24 Soybeans closed at $11.8775/bushel, down $0.105 from yesterday's close.  May 24 Soymeal closed at $331.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Complex Pause Rallies while Technical Buying Lifts Wheat

When markets opened on Monday there were just nine trading sessions before the quarterly Grain Stocks and Acreage Intentions reports from USDA, which meant that traders were focused on adjusting positions and forecasts ahead of those numbers. Beyond that, the weather is the market’s prima...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.36/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.4275/bushel, up $0.1425 from yesterday's close.  May 24 Soybeans closed at $11.8775/bushel, down $0.105 from yesterday's close.  May 24 Soymeal closed at $331.9/short ton, down $2...

livestock

Brazil’s Meat Opportunity

Brazil has famously surpassed the U.S. as the world’s largest producer and exporter of soybeans, and it could become a more consistent top exporter of corn. However, its livestock production lags. Brazil’s soybean production has been expanding at an average 5.5 percent per year, and...

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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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