World Perspectives

Feed Grains Recent Feed Grains Analysis

feed-grains soy-oilseeds wheat

Technical Views - Pullback Continues

SPREADS Dec crush trades to 1.21c/bu while oilshare trades up to 31.0%.  Spreads are weaker with Dec/Dec corn trading down to 11 1/4c inverse from a morning high of 19 3/4c, while Dec/March trades out to a 3 1/2c carry for the first time since early October.  Jan/March bean inverse tr...

feed-grains soy-oilseeds wheat

AM Outlook - Capital Sucking Sound

GOOD MORNING, Prices continue lower as funds are taking money out of the markets on technical considerations as more bearish formations create a down-turn, but also on macro considerations as pre-election jitters arise.  Spreads are breaking down as well.   Crude oil drops to $35...

feed-grains soy-oilseeds wheat

Ag Review - October 2020

WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue looks at the continued impact of the global pandemic on agriculture markets, the potential implications of the upcoming U.S. elections, changes in Brazil’s tariff policies, an a...

feed-grains soy-oilseeds

What Lies Ahead for U.S.-China Relations

Amid the second surge of coronavirus infections, the U.S. presidential election is next Tuesday, 3 November. No matter who wins, the election results will raise more questions than it will answer. Joe Biden is the heavy betting favorite to become the next president. But so was Hillary Clinton j...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Fall on Macro-Weakness; WPI 2021/22 Outlook

The CBOT started the day sharply lower as overnight selling pressured corn, wheat, and soybeans to double-digit losses. Yesterday’s day-session weakness created additional selling incentives overnight and funds booked profits on cue. After the overnight session was finished, charts were s...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $4.015/bushel, down $0.145 from yesterday's close.  Dec 20 Wheat closed at $6.0875/bushel, down $0.07 from yesterday's close.  Nov 20 Soybeans closed at $10.5725/bushel, down $0.25 from yesterday's close.  Dec 20 Soymeal closed at $376.7/short ton, down $7.3...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19 – 23 October 2020 Russian domestic market wheat prices continued to increase; barley and corn prices started growing very fast. Meanwhile, export milling wheat average prices grew to $257/MT FOB Black Sea. The average purchase price grew to RUB 18,100 /MT. Feed b...

feed-grains soy-oilseeds wheat

PM Post - Lower Prices May Attract Buyers

THE OPEN Jan beans:  19 1/2 lower Dec meal:  10.60 lower Dec soyoil:  79 lower Dec corn:  12 lower Dec wheat:  12 3/4 lower The markets started a much-needed correction to the downside on a macro risk-off day of selling pressure, which also brought about a higher US dol...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock China’s Meat Imports on Track for Record Year Although the pandemic and the ongoing trade war with the U.S. have caused many challenges with international trade, meat imports are headed for a record year. The most recent data from the China Customs Bureau show that of the 7.41 M...

feed-grains soy-oilseeds wheat

AM Outlook - Reversal Means Top in Place

GOOD MORNING, Weaker macro markets, overbought conditions, and too long funds are resulting in lower markets across the board, and perhaps one of the best turns from the top that we have seen since the rally started. Losses this AM are significant enough to suggest that potential tops are in pl...

feed-grains soy-oilseeds wheat

Technical Views - Downward on Risk-off

SPREADS Jan crush trades down to 1.16c/bu while oilshare strengthens to 31.22%.  The corn inverse weakens with Dec/Dec trading down to 18 3/4c from 24 1/2c, and values that were at 27c.  Dec/March trades back to 1 3/4c carry.  Dec wheat/corn trades from 1.94 1/2c to 1.98 3/4c.&nb...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soybeans Post New Highs; Macro Jitters Pull Markets Lower

The CBOT started higher with corn and soybeans posting new contract highs. Goldman Sachs issued a bullish commodity outlook based on Chinese buying and a trend towards inflation, and that brought buying interest to the CBOT. As the day wore on, however, macro-market jitters and profit taking de...

feed-grains soy-oilseeds wheat

Technical Views - Pullback Continues

SPREADS Dec crush trades to 1.21c/bu while oilshare trades up to 31.0%.  Spreads are weaker with Dec/Dec corn trading down to 11 1/4c inverse from a morning high of 19 3/4c, while Dec/March trades out to a 3 1/2c carry for the first time since early October.  Jan/March bean inverse tr...

feed-grains soy-oilseeds wheat

AM Outlook - Capital Sucking Sound

GOOD MORNING, Prices continue lower as funds are taking money out of the markets on technical considerations as more bearish formations create a down-turn, but also on macro considerations as pre-election jitters arise.  Spreads are breaking down as well.   Crude oil drops to $35...

feed-grains soy-oilseeds wheat

Ag Review - October 2020

WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue looks at the continued impact of the global pandemic on agriculture markets, the potential implications of the upcoming U.S. elections, changes in Brazil’s tariff policies, an a...

feed-grains soy-oilseeds

What Lies Ahead for U.S.-China Relations

Amid the second surge of coronavirus infections, the U.S. presidential election is next Tuesday, 3 November. No matter who wins, the election results will raise more questions than it will answer. Joe Biden is the heavy betting favorite to become the next president. But so was Hillary Clinton j...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Fall on Macro-Weakness; WPI 2021/22 Outlook

The CBOT started the day sharply lower as overnight selling pressured corn, wheat, and soybeans to double-digit losses. Yesterday’s day-session weakness created additional selling incentives overnight and funds booked profits on cue. After the overnight session was finished, charts were s...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $4.015/bushel, down $0.145 from yesterday's close.  Dec 20 Wheat closed at $6.0875/bushel, down $0.07 from yesterday's close.  Nov 20 Soybeans closed at $10.5725/bushel, down $0.25 from yesterday's close.  Dec 20 Soymeal closed at $376.7/short ton, down $7.3...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19 – 23 October 2020 Russian domestic market wheat prices continued to increase; barley and corn prices started growing very fast. Meanwhile, export milling wheat average prices grew to $257/MT FOB Black Sea. The average purchase price grew to RUB 18,100 /MT. Feed b...

feed-grains soy-oilseeds wheat

PM Post - Lower Prices May Attract Buyers

THE OPEN Jan beans:  19 1/2 lower Dec meal:  10.60 lower Dec soyoil:  79 lower Dec corn:  12 lower Dec wheat:  12 3/4 lower The markets started a much-needed correction to the downside on a macro risk-off day of selling pressure, which also brought about a higher US dol...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock China’s Meat Imports on Track for Record Year Although the pandemic and the ongoing trade war with the U.S. have caused many challenges with international trade, meat imports are headed for a record year. The most recent data from the China Customs Bureau show that of the 7.41 M...

feed-grains soy-oilseeds wheat

AM Outlook - Reversal Means Top in Place

GOOD MORNING, Weaker macro markets, overbought conditions, and too long funds are resulting in lower markets across the board, and perhaps one of the best turns from the top that we have seen since the rally started. Losses this AM are significant enough to suggest that potential tops are in pl...

feed-grains soy-oilseeds wheat

Technical Views - Downward on Risk-off

SPREADS Jan crush trades down to 1.16c/bu while oilshare strengthens to 31.22%.  The corn inverse weakens with Dec/Dec trading down to 18 3/4c from 24 1/2c, and values that were at 27c.  Dec/March trades back to 1 3/4c carry.  Dec wheat/corn trades from 1.94 1/2c to 1.98 3/4c.&nb...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soybeans Post New Highs; Macro Jitters Pull Markets Lower

The CBOT started higher with corn and soybeans posting new contract highs. Goldman Sachs issued a bullish commodity outlook based on Chinese buying and a trend towards inflation, and that brought buying interest to the CBOT. As the day wore on, however, macro-market jitters and profit taking de...

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