Recent Livestock Analysis
Market Commentary
Grain and soy complex futures were mostly lower overnight with the corn market’s recent support diminishing. Soybeans were choppy with headlines about a potential Trump/Xi meeting being balanced against the overall bearishness of soybean fundamentals. Overall, the market was characterized...
Summary of Futures
Jul 19 Corn closed at $4.41/bushel, down $0.0875 from yesterday's close. Jul 19 Wheat closed at $5.2225/bushel, down $0.0925 from yesterday's close. Jul 19 Soybeans closed at $9.0325/bushel, down $0.1025 from yesterday's close. Jul 19 Soymeal closed at $316.9/short ton, down $...
China In-Country Analysis
Macro Trends Food Inflation Reaches Highest Level in Seven and a Half Years The effects of the August 2018 outbreak of African swine fever (ASF) have continued to reverberate across China’s economy in 2019. In the second quarter of this year, food inflation has hit levels not seen since 2...
Market Commentary
Grain and soy complex futures were weaker overnight as profit taking in corn and wheat pushed those markets lower. Soybeans were sold in sympathy with the grains, although soyoil posted modest gains on long soyoil/short soymeal spread trade. Agricultural and equity markets received a boost this...
Summary of Futures
Jul 19 Corn closed at $4.4975/bushel, down $0.05 from yesterday's close. Jul 19 Wheat closed at $5.315/bushel, down $0.08 from yesterday's close. Jul 19 Soybeans closed at $9.135/bushel, up $0.0075 from yesterday's close. Jul 19 Soymeal closed at $322/short ton, down $2.3 from...
Market Commentary
Grain and soy complex futures were higher overnight as continued rain across the Midwest threatens the corn and soybean crops. At this point, there are many fields that will simply go unplanted, while planted crops will deteriorate due to the excessive moisture. One potential problem is that th...
Summary of Futures
Jul 19 Corn closed at $4.5475/bushel, up $0.0175 from yesterday's close. Jul 19 Wheat closed at $5.395/bushel, up $0.01 from yesterday's close. Jul 19 Soybeans closed at $9.1275/bushel, up $0.16 from yesterday's close. Jul 19 Soymeal closed at $324.3/short ton, up $0.8 from ye...
Summary of Futures
Jul 19 Corn closed at $4.53/bushel, up $0.11 from yesterday's close. Jul 19 Wheat closed at $5.385/bushel, up $0.03 from yesterday's close. Jul 19 Soybeans closed at $8.9675/bushel, up $0.0875 from yesterday's close. Jul 19 Soymeal closed at $323.5/short ton, up $1.8 from yest...
Market Commentary
The markets were slightly firmer overnight but then caught a little fire this morning. It is starting to seem that those in the corn market are considering the possibility that the 2019 U.S. crop could fall below 13 billion bushels. There is also more concern now that not all the soybean acres...
Livestock Roundup: China and U.S. Beef
At the recent Southern Association of State Departments of Agriculture (SASDA) meeting in Fort Worth, the counsel general of the Chinese Consulate in Houston, Li Qiangmin, addressed the current state of U.S.-China trade relations. He said that if they normalize, China will be a strong customer...
Export Sales
Wheat: Net sales for the 2019/2020 marketing year, which began June 1, totaled 47,600 MT metric tons, resulting increases for Japan (112,100 MT, including 11,000 MT switched from unknown destinations and decreases of 200 MT), Mexico (75,300 MT, including decreases of 500 MT), Taiwan (56,7...
Summary of Futures
Jul 19 Corn closed at $4.42/bushel, up $0.12 from yesterday's close. Jul 19 Wheat closed at $5.355/bushel, up $0.0925 from yesterday's close. Jul 19 Soybeans closed at $8.88/bushel, up $0.1 from yesterday's close. Jul 19 Soymeal closed at $321.7/short ton, up $2.2 from yesterd...
Market Commentary
Grain and soy complex futures were mostly lower overnight with the corn market’s recent support diminishing. Soybeans were choppy with headlines about a potential Trump/Xi meeting being balanced against the overall bearishness of soybean fundamentals. Overall, the market was characterized...
Summary of Futures
Jul 19 Corn closed at $4.41/bushel, down $0.0875 from yesterday's close. Jul 19 Wheat closed at $5.2225/bushel, down $0.0925 from yesterday's close. Jul 19 Soybeans closed at $9.0325/bushel, down $0.1025 from yesterday's close. Jul 19 Soymeal closed at $316.9/short ton, down $...
China In-Country Analysis
Macro Trends Food Inflation Reaches Highest Level in Seven and a Half Years The effects of the August 2018 outbreak of African swine fever (ASF) have continued to reverberate across China’s economy in 2019. In the second quarter of this year, food inflation has hit levels not seen since 2...
Market Commentary
Grain and soy complex futures were weaker overnight as profit taking in corn and wheat pushed those markets lower. Soybeans were sold in sympathy with the grains, although soyoil posted modest gains on long soyoil/short soymeal spread trade. Agricultural and equity markets received a boost this...
Summary of Futures
Jul 19 Corn closed at $4.4975/bushel, down $0.05 from yesterday's close. Jul 19 Wheat closed at $5.315/bushel, down $0.08 from yesterday's close. Jul 19 Soybeans closed at $9.135/bushel, up $0.0075 from yesterday's close. Jul 19 Soymeal closed at $322/short ton, down $2.3 from...
Market Commentary
Grain and soy complex futures were higher overnight as continued rain across the Midwest threatens the corn and soybean crops. At this point, there are many fields that will simply go unplanted, while planted crops will deteriorate due to the excessive moisture. One potential problem is that th...
Summary of Futures
Jul 19 Corn closed at $4.5475/bushel, up $0.0175 from yesterday's close. Jul 19 Wheat closed at $5.395/bushel, up $0.01 from yesterday's close. Jul 19 Soybeans closed at $9.1275/bushel, up $0.16 from yesterday's close. Jul 19 Soymeal closed at $324.3/short ton, up $0.8 from ye...
Summary of Futures
Jul 19 Corn closed at $4.53/bushel, up $0.11 from yesterday's close. Jul 19 Wheat closed at $5.385/bushel, up $0.03 from yesterday's close. Jul 19 Soybeans closed at $8.9675/bushel, up $0.0875 from yesterday's close. Jul 19 Soymeal closed at $323.5/short ton, up $1.8 from yest...
Market Commentary
The markets were slightly firmer overnight but then caught a little fire this morning. It is starting to seem that those in the corn market are considering the possibility that the 2019 U.S. crop could fall below 13 billion bushels. There is also more concern now that not all the soybean acres...
Livestock Roundup: China and U.S. Beef
At the recent Southern Association of State Departments of Agriculture (SASDA) meeting in Fort Worth, the counsel general of the Chinese Consulate in Houston, Li Qiangmin, addressed the current state of U.S.-China trade relations. He said that if they normalize, China will be a strong customer...
Export Sales
Wheat: Net sales for the 2019/2020 marketing year, which began June 1, totaled 47,600 MT metric tons, resulting increases for Japan (112,100 MT, including 11,000 MT switched from unknown destinations and decreases of 200 MT), Mexico (75,300 MT, including decreases of 500 MT), Taiwan (56,7...
Summary of Futures
Jul 19 Corn closed at $4.42/bushel, up $0.12 from yesterday's close. Jul 19 Wheat closed at $5.355/bushel, up $0.0925 from yesterday's close. Jul 19 Soybeans closed at $8.88/bushel, up $0.1 from yesterday's close. Jul 19 Soymeal closed at $321.7/short ton, up $2.2 from yesterd...