World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Lows Beget Lows

SPREADS Oct. crush trades 1.08c/bu while oilshare corrects back under 33% to trade to 32.82%.  Spreads are weaker still with Dec 19/20 corn trading out to a 33c carry vs. 52c inverse at the high end of the trade.  Dec/March corn widens out to 13 3/4c.  Nov/Jan beans remain a wide spread, trading out to 13 1/4c from 13c while Dec/March meal trades from $4.80 to $4.90.  Dec wheat/corn moves from 1.00c to 1.02 3/4c. PALM OIL Up 2 ringgits.   SGS estimated palm oil product exports over the Aug. 1-10 period at 475,555 mt, up 29.8 percent over their July 1-10 estimate.   NEWS Stocks take back all of yesterday's rally with a 350 point drop this morning as China does not reciprocate the move by the White...

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feed-grains soy-oilseeds wheat

Market Commentary

CBOT markets were sharply higher overnight after news of a pending U.S.-China trade deal. Soybeans posted an amazing 13½ cent overnight gain while corn finished the night session up 5½ cents. Wheat added 3-5 cents in similarly enthusiastic trade.  The day session saw prices m...

Turnaround 2020

The actual agricultural purchases to be made by China next year remains unclear with officials in Beijing failing to confirm President Trump’s boast about huge purchases. There is a press account citing an unnamed Chinese official oddly saying that there will be more imports of American w...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.81/bushel, up $0.0325 from yesterday's close.  Mar 20 Wheat closed at $5.325/bushel, up $0.0225 from yesterday's close.  Jan 20 Soybeans closed at $9.075/bushel, up $0.0925 from yesterday's close.  Jan 20 Soymeal closed at $296.9/short ton, up $2.7 from y...

feed-grains soy-oilseeds wheat

Market Commentary

CBOT markets were sharply higher overnight after news of a pending U.S.-China trade deal. Soybeans posted an amazing 13½ cent overnight gain while corn finished the night session up 5½ cents. Wheat added 3-5 cents in similarly enthusiastic trade.  The day session saw prices m...

Turnaround 2020

The actual agricultural purchases to be made by China next year remains unclear with officials in Beijing failing to confirm President Trump’s boast about huge purchases. There is a press account citing an unnamed Chinese official oddly saying that there will be more imports of American w...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.81/bushel, up $0.0325 from yesterday's close.  Mar 20 Wheat closed at $5.325/bushel, up $0.0225 from yesterday's close.  Jan 20 Soybeans closed at $9.075/bushel, up $0.0925 from yesterday's close.  Jan 20 Soymeal closed at $296.9/short ton, up $2.7 from y...

Final Hours of Policy Flurry and Fury

Congress is hitting the home stretch and policy making is at a frenzied paced. Following is a recap and some thoughts on implications. At this point, there are few details available as there are many moving parts. It will be a long weekend for policymakers and their staffs, and many long hours...

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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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