World Perspectives

Livestock Recent Livestock Analysis

feed-grains soy-oilseeds wheat

Market Commentary: Corn Extends Rally; Soybeans, Wheat Continue Consolidation

The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop exp...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.285/bushel, up $0.05 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, down $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4525/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $327.5/short ton, up $2.6 from...

feed-grains soy-oilseeds wheat

Market Commentary: Consolidation Continues as CBOT Contemplates Record Fund Short Position

Tuesday’s mood at the CBOT seemed to be one primarily of consolidation and mild short covering. Corn futures extended Monday’s key reversal but failed to make much upside progress while the soybean market settled lower after posting 16-cent gains in early trade. Wheat futures pushed...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.235/bushel, up $0.02 from yesterday's close.  May 24 Wheat closed at $5.8425/bushel, up $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4075/bushel, down $0.045 from yesterday's close.  May 24 Soymeal closed at $324.9/short ton, down $3.7 fr...

feed-grains wheat soy-oilseeds

Market Commentary: Higher CBOT and Corn Reversal Deny Long-Run Bearish Outlook

The CBOT turned mostly higher to start the week amid some bullish fundamental developments and funds covering shorts after the market’s recent and wildly profitable plunge lower. Corn was the upside leader with the May contract posting a bullish key reversal on the chart as export inspect...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $4.07/bushel, up $0.0725 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, up $0.0575 from yesterday's close.  Mar 24 Soybeans closed at $11.36/bushel, up $0.03 from yesterday's close.  May 24 Soymeal closed at $328.6/short ton, up $0.6 from ye...

livestock

Cattle on Feed Report: Placements Higher than Expected

USDA released the monthly Cattle on Feed report on Friday with placements in January, the most difficult category to predict and the only category to differ significantly from the pre-report expectations, coming in near the high point of the range of estimates.  Also, total inventory &nda...

softs biofuel livestock

CFTC COT Report Analysis

The weekly CFTC report was unsurprising in that managed money funds were net sellers through Tuesday’s data reporting period, which obviously coincided with the new contract lows in the grain markets. Funds were aggressive net sellers in corn, SRW wheat, and soyoil but were more cautious...

livestock

Cattle on Feed

U.S. cattle on feed totaled 11.8 million head on February 1, 2024 - slightly above Feb 1, 2023. Placements in feedlots during January totaled 1.79 million head - 7 percent below 2023.  Marketings of fed cattle during January totaled 1.84 million head - slightly below 2023. Other disappeara...

feed-grains soy-oilseeds wheat

Market Commentary: New Lows to Close the Week; COF Placements Surprise to the Upside

The CBOT posted a bearish day to finish a bearish week with corn, soybeans, soyoil, and soymeal all scoring new contract lows amid sustained selling pressure. There has simply been no bullish news to stop the flood of sell orders and funds are happy to keep selling short into the ongoing fundam...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $3.9975/bushel, down $0.0625 from yesterday's close.  May 24 Wheat closed at $5.69/bushel, down $0.1025 from yesterday's close.  Mar 24 Soybeans closed at $11.33/bushel, down $0.1475 from yesterday's close.  May 24 Soymeal closed at $328/short ton, down $3.4...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $4.06/bushel, down $0.05 from yesterday's close.  May 24 Wheat closed at $5.7925/bushel, up $0.0125 from yesterday's close.  Mar 24 Soybeans closed at $11.4775/bushel, down $0.13 from yesterday's close.  May 24 Soymeal closed at $331.4/short ton, down $5.3 f...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Extends Rally; Soybeans, Wheat Continue Consolidation

The CBOT was mixed on Wednesday with corn futures rising and hitting their third straight daily gain while wheat futures pulled back amid weaker global markets. The soy complex was caught somewhere in the middle with less-ideal weather for South America offering support while the large crop exp...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.285/bushel, up $0.05 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, down $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4525/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $327.5/short ton, up $2.6 from...

feed-grains soy-oilseeds wheat

Market Commentary: Consolidation Continues as CBOT Contemplates Record Fund Short Position

Tuesday’s mood at the CBOT seemed to be one primarily of consolidation and mild short covering. Corn futures extended Monday’s key reversal but failed to make much upside progress while the soybean market settled lower after posting 16-cent gains in early trade. Wheat futures pushed...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.235/bushel, up $0.02 from yesterday's close.  May 24 Wheat closed at $5.8425/bushel, up $0.095 from yesterday's close.  May 24 Soybeans closed at $11.4075/bushel, down $0.045 from yesterday's close.  May 24 Soymeal closed at $324.9/short ton, down $3.7 fr...

feed-grains wheat soy-oilseeds

Market Commentary: Higher CBOT and Corn Reversal Deny Long-Run Bearish Outlook

The CBOT turned mostly higher to start the week amid some bullish fundamental developments and funds covering shorts after the market’s recent and wildly profitable plunge lower. Corn was the upside leader with the May contract posting a bullish key reversal on the chart as export inspect...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $4.07/bushel, up $0.0725 from yesterday's close.  May 24 Wheat closed at $5.7475/bushel, up $0.0575 from yesterday's close.  Mar 24 Soybeans closed at $11.36/bushel, up $0.03 from yesterday's close.  May 24 Soymeal closed at $328.6/short ton, up $0.6 from ye...

livestock

Cattle on Feed Report: Placements Higher than Expected

USDA released the monthly Cattle on Feed report on Friday with placements in January, the most difficult category to predict and the only category to differ significantly from the pre-report expectations, coming in near the high point of the range of estimates.  Also, total inventory &nda...

softs biofuel livestock

CFTC COT Report Analysis

The weekly CFTC report was unsurprising in that managed money funds were net sellers through Tuesday’s data reporting period, which obviously coincided with the new contract lows in the grain markets. Funds were aggressive net sellers in corn, SRW wheat, and soyoil but were more cautious...

livestock

Cattle on Feed

U.S. cattle on feed totaled 11.8 million head on February 1, 2024 - slightly above Feb 1, 2023. Placements in feedlots during January totaled 1.79 million head - 7 percent below 2023.  Marketings of fed cattle during January totaled 1.84 million head - slightly below 2023. Other disappeara...

feed-grains soy-oilseeds wheat

Market Commentary: New Lows to Close the Week; COF Placements Surprise to the Upside

The CBOT posted a bearish day to finish a bearish week with corn, soybeans, soyoil, and soymeal all scoring new contract lows amid sustained selling pressure. There has simply been no bullish news to stop the flood of sell orders and funds are happy to keep selling short into the ongoing fundam...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $3.9975/bushel, down $0.0625 from yesterday's close.  May 24 Wheat closed at $5.69/bushel, down $0.1025 from yesterday's close.  Mar 24 Soybeans closed at $11.33/bushel, down $0.1475 from yesterday's close.  May 24 Soymeal closed at $328/short ton, down $3.4...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $4.06/bushel, down $0.05 from yesterday's close.  May 24 Wheat closed at $5.7925/bushel, up $0.0125 from yesterday's close.  Mar 24 Soybeans closed at $11.4775/bushel, down $0.13 from yesterday's close.  May 24 Soymeal closed at $331.4/short ton, down $5.3 f...

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