World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Cattle Extend Rally; Wheat Posts Reversal; Corn Fails at Key Resistance Level

The CBOT was higher overnight with continued worries about world wheat supplies and weather driving the markets. Wheat futures continued their upside run in early day trading and posted new contract highs before profit taking pushed the market lower and formed technical reversals on the charts. Corn followed the wheat market and scored a new rally high before ending slightly lower. Notably, March corn failed to hold its rally above $5.90 and closed below that level. The market has not been able to sustain a close above $5.90 since 2 July – one day before the market gapped 26 cents lower at the opening bell. The soy complex was mixed with technical selling and liquidation trade pushing soymeal lower while soyoil rallied and pulled back...

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feed-grains soy-oilseeds wheat

Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending

The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...

soy-oilseeds livestock

China In-Country Analysis

Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...

Strange Bedfellows; Lobby Opportunity; Labor Hurdle

Strange Bedfellows The oil industry and U.S. agriculture have long conflicted with one another. The oil industry strongly opposed the ethanol blending mandate pushed through the Congress by the agriculture sector. Ethanol not only replaced the oil industry’s gasoline, but it also created...

feed-grains soy-oilseeds wheat

Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending

The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...

soy-oilseeds livestock

China In-Country Analysis

Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...

Strange Bedfellows; Lobby Opportunity; Labor Hurdle

Strange Bedfellows The oil industry and U.S. agriculture have long conflicted with one another. The oil industry strongly opposed the ethanol blending mandate pushed through the Congress by the agriculture sector. Ethanol not only replaced the oil industry’s gasoline, but it also created...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close.  Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close.  Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close.  Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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