Recent Livestock Analysis
AM Outlook - Mostly Sideways
GOOD MORNING, Futures are lower this morning led by soyoil, followed by wheat. Soyoil is lower following a sharp break in palm, as traders are concerned that the virus may lead to lower demand from China and India. Chicago corn and bean prices piggy-back off weaker Chinese and...
Market Commentary
Overnight news that Australia’s 2019/20 wheat crop will be smaller than expected set the stage for a sharp rally in the CBOT wheat markets. Morning calls were for wheat to open higher and pull corn along with it, which is exactly what happened. Few, if any, analysts, however, expected whe...
Summary of Futures
Mar 20 Corn closed at $3.83/bushel, up $0.0525 from yesterday's close. Mar 20 Wheat closed at $5.6675/bushel, up $0.24 from yesterday's close. Mar 20 Soybeans closed at $8.9225/bushel, down $0.015 from yesterday's close. Mar 20 Soymeal closed at $292.2/short ton, up $1.1 from...
China's Tariff Reductions
China announced this morning a list of 696 U.S. products for which importers may apply for a tariff exemption. Importers must apply for the exemption by 2 March, with a particular volume of imports specified in the application. Import volumes above the applied for amount will be subject to the...
Market Commentary
Note: CBOT and CME ag futures markets will be closed on Monday, 17 February for the U.S. President’s Day holiday. WPI offices will be closed as well. Enjoy the holiday! The CBOT opened on a stronger note with short covering again the feature of the morning. As the day wore on, howev...
CFTC COT Report Analysis
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Market Commentary
It’s back! Coronavirus was peaking and then suddenly it was not due to a new testing procedure and that largely defined the day. It remains a question of where the reality is on this disease. The more it drags on the deeper the adverse impacts. It is possible to gamble one way or another...
Livestock Roundup
Fake Meat Fight The arguments over labeling regulations for plant-based alternatives to meat continue. The National Cattlemen’s Beef Association (NCBA) recently released the results of a consumer survey showing that nearly two-thirds of respondents believed the products produced by Beyond...
Summary of Futures
Mar 20 Corn closed at $3.795/bushel, down $0.035 from yesterday's close. Mar 20 Wheat closed at $5.4425/bushel, down $0.0325 from yesterday's close. Mar 20 Soybeans closed at $8.9625/bushel, up $0.0375 from yesterday's close. Mar 20 Soymeal closed at $291.9/short ton, up $0.2...
Market Commentary
The CBOT opened on a strong note and moved higher for most of the day with the markets posting a mini rally following yesterday’s day of depressed trading. Wheat futures moved higher in a test of old support levels, which helped put a bid under corn as well. Outside markets were higher as...
Summary of Futures
Mar 20 Corn closed at $3.83/bushel, up $0.0325 from yesterday's close. Mar 20 Wheat closed at $5.475/bushel, up $0.055 from yesterday's close. Mar 20 Soybeans closed at $8.925/bushel, up $0.0775 from yesterday's close. Mar 20 Soymeal closed at $291.7/short ton, up $0.9 from ye...
China In-Country Analysis
Public Health Coronavirus Slows, Number of Recovered Patients Jumps Since last week, the number of total confirmed coronavirus cases has nearly doubled, reaching 45,204 as of this morning. The real-time ARC GIS system of Johns Hopkins Systems for Science and Engineering (CSSE) offers impressive...
AM Outlook - Mostly Sideways
GOOD MORNING, Futures are lower this morning led by soyoil, followed by wheat. Soyoil is lower following a sharp break in palm, as traders are concerned that the virus may lead to lower demand from China and India. Chicago corn and bean prices piggy-back off weaker Chinese and...
Market Commentary
Overnight news that Australia’s 2019/20 wheat crop will be smaller than expected set the stage for a sharp rally in the CBOT wheat markets. Morning calls were for wheat to open higher and pull corn along with it, which is exactly what happened. Few, if any, analysts, however, expected whe...
Summary of Futures
Mar 20 Corn closed at $3.83/bushel, up $0.0525 from yesterday's close. Mar 20 Wheat closed at $5.6675/bushel, up $0.24 from yesterday's close. Mar 20 Soybeans closed at $8.9225/bushel, down $0.015 from yesterday's close. Mar 20 Soymeal closed at $292.2/short ton, up $1.1 from...
China's Tariff Reductions
China announced this morning a list of 696 U.S. products for which importers may apply for a tariff exemption. Importers must apply for the exemption by 2 March, with a particular volume of imports specified in the application. Import volumes above the applied for amount will be subject to the...
Market Commentary
Note: CBOT and CME ag futures markets will be closed on Monday, 17 February for the U.S. President’s Day holiday. WPI offices will be closed as well. Enjoy the holiday! The CBOT opened on a stronger note with short covering again the feature of the morning. As the day wore on, howev...
CFTC COT Report Analysis
The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...
Market Commentary
It’s back! Coronavirus was peaking and then suddenly it was not due to a new testing procedure and that largely defined the day. It remains a question of where the reality is on this disease. The more it drags on the deeper the adverse impacts. It is possible to gamble one way or another...
Livestock Roundup
Fake Meat Fight The arguments over labeling regulations for plant-based alternatives to meat continue. The National Cattlemen’s Beef Association (NCBA) recently released the results of a consumer survey showing that nearly two-thirds of respondents believed the products produced by Beyond...
Summary of Futures
Mar 20 Corn closed at $3.795/bushel, down $0.035 from yesterday's close. Mar 20 Wheat closed at $5.4425/bushel, down $0.0325 from yesterday's close. Mar 20 Soybeans closed at $8.9625/bushel, up $0.0375 from yesterday's close. Mar 20 Soymeal closed at $291.9/short ton, up $0.2...
Market Commentary
The CBOT opened on a strong note and moved higher for most of the day with the markets posting a mini rally following yesterday’s day of depressed trading. Wheat futures moved higher in a test of old support levels, which helped put a bid under corn as well. Outside markets were higher as...
Summary of Futures
Mar 20 Corn closed at $3.83/bushel, up $0.0325 from yesterday's close. Mar 20 Wheat closed at $5.475/bushel, up $0.055 from yesterday's close. Mar 20 Soybeans closed at $8.925/bushel, up $0.0775 from yesterday's close. Mar 20 Soymeal closed at $291.7/short ton, up $0.9 from ye...
China In-Country Analysis
Public Health Coronavirus Slows, Number of Recovered Patients Jumps Since last week, the number of total confirmed coronavirus cases has nearly doubled, reaching 45,204 as of this morning. The real-time ARC GIS system of Johns Hopkins Systems for Science and Engineering (CSSE) offers impressive...