World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Mixed Ahead of Report

SPREADS Sep. crush trades top 76.35c/bu while oilshare is a steady 32.33%.  Spreads are firmer with Sep/Dec corn narrowing into 7 3/4c from 8 1/2c.  Sep/Dec wheat trades into 4 1/4c from 5 1/4c.  August /Nov beans narrows into 3 1/2c from 5 1/2c.  Sep wheat/corn trades from 1.75c to 1.74c.  Sep/Dec meal trades from $5.50 to $5.80.   PALM OIL Prices closed higher as ending stocks fell.  Palm oil inventories fell 6.3% for the end of June from a month earlier, according to the Malaysian Palm Oil Board.  Its forecast for June 2020 palm oil production is at 1.88 mmt vs. expected 1.783 mmt, and 1.651 mmt in May 2020.  June ending stocks were estimated at 1.901 mmt, below 1.935 mmt.  ...

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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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