World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Short-covering and Bearishness

THE OPEN March beans:  2 higher March meal:  1.50 higher March soyoil:  40 lower March corn:  2 lower March wheat:  3/4 lower The markets opened as expected with more short-covering and bull-spreading in the bean market continuing, while funds were noted liquidating more of their long wheat trade.  Buy beans/sell corn and wheat continued for most of the trading session, along with weaker oilshare as the coronavirus threatens palm oil demand.  Palm oil was sharply lower, which created a weaker tone in soyoil.   SOY The soy complex was mixed with higher beans and meal against a struggling soyoil market.   Helping to take pressure off the bean market a bit was a lack of selling...

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feed-grains soy-oilseeds wheat

Market Commentary: Awaiting New Inputs

It was a modest day in the pits with wheat in the green and corn and soybeans in the red. After yesterday’s profit-taking there was leveling out today ahead of the weekend as traders await more actionable factors early next week. A U.S. – China bilateral consultation scheduled for t...

feed-grains soy-oilseeds wheat

Farm Spending: $7 Billion Down, $43 Billion to Go

According to the Monthly Treasury Statement issued by the Department of Treasury, USDA has spent about $149.53 billion so far this fiscal year. That means there is about $6 billion left in USDA’s regular budget checking account for the last two months of the fiscal year, and the CARES Act...

Bilateral Postponed; Seasonal Politics; Poll Results

Bilateral Postponed A planned consultation between China and the U.S. scheduled for tomorrow has been postponed, reportedly due to a scheduling conflict. The discussion was supposed to focus on the six-month status of the Phase One agreement, which has thus far failed to impress its American cr...

feed-grains soy-oilseeds wheat

Market Commentary: Awaiting New Inputs

It was a modest day in the pits with wheat in the green and corn and soybeans in the red. After yesterday’s profit-taking there was leveling out today ahead of the weekend as traders await more actionable factors early next week. A U.S. – China bilateral consultation scheduled for t...

feed-grains soy-oilseeds wheat

Farm Spending: $7 Billion Down, $43 Billion to Go

According to the Monthly Treasury Statement issued by the Department of Treasury, USDA has spent about $149.53 billion so far this fiscal year. That means there is about $6 billion left in USDA’s regular budget checking account for the last two months of the fiscal year, and the CARES Act...

Bilateral Postponed; Seasonal Politics; Poll Results

Bilateral Postponed A planned consultation between China and the U.S. scheduled for tomorrow has been postponed, reportedly due to a scheduling conflict. The discussion was supposed to focus on the six-month status of the Phase One agreement, which has thus far failed to impress its American cr...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.38/bushel, up $0.0375 from yesterday's close.  Sep 20 Wheat closed at $5/bushel, down $0.0375 from yesterday's close.  Nov 20 Soybeans closed at $8.9875/bushel, up $0.095 from yesterday's close.  Dec 20 Soymeal closed at $298.5/short ton, up $0.3 from yes...

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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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