World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading pushed corn and soybean prices mildly lower with more pronounced weakness in wheat. Good weather, high weekly crop condition ratings and expectations that USDA’s July WASDE (to be released Thursday) will be bearish discouraged buyers and kept pressure on futures prices. Trading volumes were average at best. The day session saw wheat futures prices sink further and corn losses accelerate. However, soybean prices were hanging on slightly above unchanged, helped by a good rally in soymeal. The latter prices were up about $5.00 around mid-session but then slid back to finish up $2.10-2.60. Soyoil closed higher as well, up 12-16 points. The corn market never did make it out of the red and finished 5.25-6.25 cents lower...

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feed-grains soy-oilseeds wheat

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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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