World Perspectives
wheat soy-oilseeds feed-grains

Market Commentary: Bullish End-of-Year Action in Soy Complex, Wheat

The CBOT posted another day of surprising between-holiday trade with multiple markets seeing above-average volume and scoring important technical developments. The major move for Friday’s trade came from soymeal, which boasted an upside breakout from a bull flag on the charts. The market quickly scored new contract highs and helped pull the soybean market higher as well. For soybeans, bull spreading and commercial participation was surprisingly active. The catalyst for the soymeal and soybean market’s rallies was updated (i.e., worsening) crop condition reports from Argentina.  The corn market didn’t do much to end the week other than tentatively test trendline resistance but wheat futures fully reversed Thursday&rsq...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed but Friendly

Never understood the market phrase “friendly” – friendly to whom? Today’s market was not too unfriendly to anyone from the standpoint that up or down, there were no dramatic swings. Call it light volatility. Key points: The results were mixed with corn, soymeal, and liv...

livestock

Livestock Roundup: Slightly More Hogs and Pigs

USDA released its June quarterly Hogs and Pigs report today. Pre-report expectation was for a total inventory of 73.6 million head – which would have been the smallest September inventory since 2017 - but the actual inventory was 74.3 million, slightly higher than September 2022 and up 2...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 23 Corn closed at $4.885/bushel, up $0.0525 from yesterday's close.  Dec 23 Wheat closed at $5.7875/bushel, down $0.0075 from yesterday's close.  Nov 23 Soybeans closed at $13.005/bushel, down $0.0275 from yesterday's close.  Dec 23 Soymeal closed at $391.5/short ton, up $2.4...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed but Friendly

Never understood the market phrase “friendly” – friendly to whom? Today’s market was not too unfriendly to anyone from the standpoint that up or down, there were no dramatic swings. Call it light volatility. Key points: The results were mixed with corn, soymeal, and liv...

livestock

Livestock Roundup: Slightly More Hogs and Pigs

USDA released its June quarterly Hogs and Pigs report today. Pre-report expectation was for a total inventory of 73.6 million head – which would have been the smallest September inventory since 2017 - but the actual inventory was 74.3 million, slightly higher than September 2022 and up 2...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 23 Corn closed at $4.885/bushel, up $0.0525 from yesterday's close.  Dec 23 Wheat closed at $5.7875/bushel, down $0.0075 from yesterday's close.  Nov 23 Soybeans closed at $13.005/bushel, down $0.0275 from yesterday's close.  Dec 23 Soymeal closed at $391.5/short ton, up $2.4...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for September 15-21, 2023 Wheat:  Net sales of 544,500 metric tons (MT) for 2023/2024 were up 77 percent from the previous week and 51 percent from the prior 4-week average. Export shipments of 584,600 MT--a marketing-year high--were up 98 percent from the previo...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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