World Perspectives
feed-grains soy-oilseeds wheat

Summary of Futures

Jul 20 Corn closed at $3.2625/bushel, up $0.0925 from yesterday's close.  Sep 20 Wheat closed at $4.865/bushel, up $0.1075 from yesterday's close.  Jul 20 Soybeans closed at $8.665/bushel, up $0.015 from yesterday's close.  Jul 20 Soymeal closed at $280.5/short ton, down $1.6 from yesterday's close.  Jul 20 Soyoil closed at 27.62 cents/lb up 0.42 cents from yesterday's close.  Aug 20 Live Cattle closed at $96.475/cwt up $0.45 from yesterday's close.  Aug 20 Feeder Cattle closed at $133.5/cwt up $0.9 from yesterday's close.  Aug 20 Lean Hogs closed at $48.45/cwt up $0.325 from yesterday's close.  Aug 20 WTI Crude Oil closed at $39.54/barrel up $1.05 from yesterday's close.   ...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

AM Outlook - Buying the Open

GOOD MORNING, The charts continue to throw off bullish technical signals, so the funds are buying the open and running with it.  The continuing reports of Chinese business has its corollary year based in 2016, also a very big bean buying year that saw the bean/corn ratio strengthen through...

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SPREADS Dec crush trades to 92.15c/bu while oilshare trades to 34.24%.  Dec/March corn trades to 8 1/4c from 8 3/4c, while Dec/Dec narrows to 11 1/2c from 15c.  Nov/Jan beans trades back into 2 3/4c from 3 3/4c, while Jan/March inverts to 9 1/2c from 7c.  Dec wheat/corn trades fr...

feed-grains soy-oilseeds wheat

Market Commentary: Gambling on China

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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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