World Perspectives
feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.27/bushel, up $0.0025 from yesterday's close.  Sep 20 Wheat closed at $5.3125/bushel, up $0.0175 from yesterday's close.  Nov 20 Soybeans closed at $8.925/bushel, up $0.0425 from yesterday's close.  Dec 20 Soymeal closed at $297.3/short ton, down $0.7 from yesterday's close.  Dec 20 Soyoil closed at 30.76 cents/lb up 0.6 cents from yesterday's close.  Oct 20 Live Cattle closed at $107.875/cwt up $1.125 from yesterday's close.  Sep 20 Feeder Cattle closed at $146.225/cwt up $1.8 from yesterday's close.  Oct 20 Lean Hogs closed at $49.625/cwt up $1.3 from yesterday's close.  Sep 20 WTI Crude Oil closed at $40.43/barrel up $0.51 from yesterday's close.   ...

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feed-grains soy-oilseeds

Crops Being Made

July is a critical month for corn and soybeans are made in August so short of freak events like last week’s derecho, this year’s crops are nearly past any troubles. Next week’s U.S. Midwest weather brings below normal temperatures and less precipitation, which is better than h...

feed-grains soy-oilseeds wheat

PM Post - All Things Factored In

THE OPEN November beans:  3 3/4 lower December meal:  1.20 lower December soyoil:  8 lower December corn:  1 1/2 lower September wheat:  1 1/2 higher The markets opened as called with continued price congestion.   Inter-market spread trade saw some unwinding a...

feed-grains soy-oilseeds wheat

Technical Views - Going Down

SPREADS  Oct. crush trades to 92.80c/bu while oilshare declines to 34.88%.  Corn spreads are slightly weaker with Dec/Dec trading from 33 1/4c out to 34 3/4c.  Dec/March corn trades from 11c to 11 3/4c.  Sep/Dec wheat trades from 1.72c up to 1.75c.  Sep/Dec meal traded...

feed-grains soy-oilseeds

Crops Being Made

July is a critical month for corn and soybeans are made in August so short of freak events like last week’s derecho, this year’s crops are nearly past any troubles. Next week’s U.S. Midwest weather brings below normal temperatures and less precipitation, which is better than h...

feed-grains soy-oilseeds wheat

PM Post - All Things Factored In

THE OPEN November beans:  3 3/4 lower December meal:  1.20 lower December soyoil:  8 lower December corn:  1 1/2 lower September wheat:  1 1/2 higher The markets opened as called with continued price congestion.   Inter-market spread trade saw some unwinding a...

feed-grains soy-oilseeds wheat

Technical Views - Going Down

SPREADS  Oct. crush trades to 92.80c/bu while oilshare declines to 34.88%.  Corn spreads are slightly weaker with Dec/Dec trading from 33 1/4c out to 34 3/4c.  Dec/March corn trades from 11c to 11 3/4c.  Sep/Dec wheat trades from 1.72c up to 1.75c.  Sep/Dec meal traded...

feed-grains soy-oilseeds wheat

AM Outlook - Back in Trading Ranges

GOOD MORNING, Prices are settling back in trading ranges with some profit-taking and hedge selling on this week's corn, bean, and meal rally.    Wheat remains largely ignored, while the winner of best volume for this week went to beans.  The short-covering was noted in the meal m...

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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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