World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Topsy Turvey

Corn and cattle opened down but settled up; soyoil opened up but closed down with the rest of the complex; and wheat never saw the light of day. The rationale for the doldrums at the open was news of a March increase in the Federal Funds rate. That would reduce liquidity and inflation, starving capital from commodities. However, petroleum is the biggest commodity and it closed higher, equities closed lower but in low percentage terms, leaving wheat to get clobbered. An interest rate hike is not a surprise and technicals remain at play. Despite the down day in soybeans, the March contract remains nearly 50 cents higher over the past five days of trading. Corn also remains higher, but wheat has been demonstrably the victim of bears. ...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Gains to Close Week; Wheat Firms on Bullish News

The CBOT was mostly higher to end a mostly bearish week with wheat leading the way on several mildly bullish developments. Wheat futures saw price-supportive development in the IGC’s lower 2024/25 global ending stocks forecast, dryness in the U.S. Southern Plains, and smaller Russian 2024...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Based on futures’ price action late last week and early this week, one would be expecting funds to have been net sellers in the major ag commodities, and that’s exactly what happened. Funds expanded their short soybean position by some 30,000 contracts, making it a new five-year low...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Gains to Close Week; Wheat Firms on Bullish News

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feed-grains soy-oilseeds wheat

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Cattle on Feed Report: Placements and Marketings Dropped Sharply

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feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.335/bushel, up $0.0675 from yesterday's close.  Jul 24 Wheat closed at $5.6675/bushel, up $0.1375 from yesterday's close.  May 24 Soybeans closed at $11.505/bushel, up $0.1625 from yesterday's close.  Jul 24 Soymeal closed at $343.2/short ton, up $5.8 fro...

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