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feed-grains soy-oilseeds wheat

PM Post - Buy Wheat/Sell Corn = Fan Favorite

THE OPEN Nov beans:  5 1/2 lower Dec meal:  2.10 lower Dec soyoil:  3 lower Dec corn:    1 higher Dec wheat:  3 higher Prices opened as called with corn posting new lows again for the move down.  Trends for the day included buy wheat/sell corn and buy soyoil/sell meal.  Oilshare corrected to the upside as meal charts worked back towards the middle of recent trading ranges.  Traders continue to liquidate their corn length and may be getting on the short side of the market.   Outside markets were taking a beating with the Dow off over 600 points, weighing on commodities in general, and crude oil specifically.  Weaker outside markets did add some weight to what could be constru...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 19 Corn closed at $3.8075/bushel, up $0.0975 from yesterday's close.  Sep 19 Wheat closed at $4.7075/bushel, up $0.0175 from yesterday's close.  Nov 19 Soybeans closed at $8.7975/bushel, up $0.09 from yesterday's close.  Dec 19 Soymeal closed at $300.3/short ton, up $3.4 from...

Bond Yield, China, and Buying Opportunities

The yield curve for Treasury bonds inverted on Wednesday, and that sparked a major stock sell-off as well as rampant speculation about the state of the economy. While it is true that inverted yield curves preceded each of the last seven recessions, the phenomenon is a symptom and not a cause. I...

feed-grains soy-oilseeds wheat

Market Commentary

Expectations of crop tours finding yields below USDA’s latest estimate gave the CBOT a boost to end what has otherwise been a bearish week. Private yield estimates prompted a round of short covering in the corn and soybean markets, while wheat was left largely directionless. Cattle prices...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 19 Corn closed at $3.8075/bushel, up $0.0975 from yesterday's close.  Sep 19 Wheat closed at $4.7075/bushel, up $0.0175 from yesterday's close.  Nov 19 Soybeans closed at $8.7975/bushel, up $0.09 from yesterday's close.  Dec 19 Soymeal closed at $300.3/short ton, up $3.4 from...

Bond Yield, China, and Buying Opportunities

The yield curve for Treasury bonds inverted on Wednesday, and that sparked a major stock sell-off as well as rampant speculation about the state of the economy. While it is true that inverted yield curves preceded each of the last seven recessions, the phenomenon is a symptom and not a cause. I...

feed-grains soy-oilseeds wheat

Market Commentary

Expectations of crop tours finding yields below USDA’s latest estimate gave the CBOT a boost to end what has otherwise been a bearish week. Private yield estimates prompted a round of short covering in the corn and soybean markets, while wheat was left largely directionless. Cattle prices...

Economic Conundrum; Trade Adjustment Assistance

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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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