World Perspectives
soy-oilseeds

WASDE Soybeans

SOYBEANS: U.S. soybean supply and use changes for 2022/23 include higher exports, lower crush, and reduced ending stocks compared with last month’s report.  Higher exports more than offsetting lower crush, and the U.S. ending stocks are estimate is reduced 15 million bushels to 210 million.  U.S. soybean oil exports are reduced 200 million pounds to a historically low 500 million.  The U.S. season-average soybean price forecast for 2022/23 is unchanged at $14.30 per bushel.  The soybean meal price is forecast at $465 per short ton, up 15 dollars.  The soybean oil price is reduced 2 cents to 66.0 cents per pound. Global 2022/23 soybean ending stocks are lowered 2.0 million tons to 100.0 million...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed but Friendly

Never understood the market phrase “friendly” – friendly to whom? Today’s market was not too unfriendly to anyone from the standpoint that up or down, there were no dramatic swings. Call it light volatility. Key points: The results were mixed with corn, soymeal, and liv...

livestock

Livestock Roundup: Slightly More Hogs and Pigs

USDA released its June quarterly Hogs and Pigs report today. Pre-report expectation was for a total inventory of 73.6 million head – which would have been the smallest September inventory since 2017 - but the actual inventory was 74.3 million, slightly higher than September 2022 and up 2...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 23 Corn closed at $4.885/bushel, up $0.0525 from yesterday's close.  Dec 23 Wheat closed at $5.7875/bushel, down $0.0075 from yesterday's close.  Nov 23 Soybeans closed at $13.005/bushel, down $0.0275 from yesterday's close.  Dec 23 Soymeal closed at $391.5/short ton, up $2.4...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed but Friendly

Never understood the market phrase “friendly” – friendly to whom? Today’s market was not too unfriendly to anyone from the standpoint that up or down, there were no dramatic swings. Call it light volatility. Key points: The results were mixed with corn, soymeal, and liv...

livestock

Livestock Roundup: Slightly More Hogs and Pigs

USDA released its June quarterly Hogs and Pigs report today. Pre-report expectation was for a total inventory of 73.6 million head – which would have been the smallest September inventory since 2017 - but the actual inventory was 74.3 million, slightly higher than September 2022 and up 2...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 23 Corn closed at $4.885/bushel, up $0.0525 from yesterday's close.  Dec 23 Wheat closed at $5.7875/bushel, down $0.0075 from yesterday's close.  Nov 23 Soybeans closed at $13.005/bushel, down $0.0275 from yesterday's close.  Dec 23 Soymeal closed at $391.5/short ton, up $2.4...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for September 15-21, 2023 Wheat:  Net sales of 544,500 metric tons (MT) for 2023/2024 were up 77 percent from the previous week and 51 percent from the prior 4-week average. Export shipments of 584,600 MT--a marketing-year high--were up 98 percent from the previo...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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