Recent Livestock Analysis
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
The market was called to open higher with traders adjusting positions ahead of next week’s Planting Intentions report. The CBOT opened mostly in-line with expectations but quickly turned mixed with profit taking in soymeal creating two-sided trade in soyoil. Spread trading was light and w...
Summary of Futures
May 20 Corn closed at $3.46/bushel, down $0.0275 from yesterday's close. May 20 Wheat closed at $5.7125/bushel, up $0.0225 from yesterday's close. May 20 Soybeans closed at $8.815/bushel, up $0.0125 from yesterday's close. May 20 Soymeal closed at $323.1/short ton, up $0.2 fro...
Hog Herd up 4 Percent; Pork Demand Unpredictable
USDA released the quarterly Hogs and Pigs report yesterday. Some topline highlights: Total swine inventory on 1 March was 77.6 million head, 104 percent of March 2019, but 99 percent of 1 December 2019. Market hogs were above pre-report expectations Breeding herd was below pre-report...
Livestock Round Up
Hold on to Your Meat Packing Plant Job The most interesting news today was the unemployment numbers; the U.S. Department of Labor announced that for last week, initial claims for unemployment benefits was 3,283,000, an increase of 3,001,000 from the previous week's revised level. N...
Summary of Futures
May 20 Corn closed at $3.4875/bushel, up $0.0025 from yesterday's close. May 20 Wheat closed at $5.69/bushel, down $0.11 from yesterday's close. May 20 Soybeans closed at $8.8025/bushel, down $0.0125 from yesterday's close. May 20 Soymeal closed at $322.9/short ton, up $1.2 fr...
Market Commentary
The market opened the day mixed as called and with some profit-taking; it ended the day mostly lower but with some interesting twists and turns. Volume: Volume was relatively low except for the Euronext wheat contract and feeder cattle. Red Hogs: There were higher bids for most...
Market Commentary
CBOT markets were called steady/higher before the open on a mix of macroeconomic strength from the U.S. Senate coronavirus aid package and from a slowdown in Argentine exports that may give U.S. exporters a better opportunity. The markets opened as called but soyoil weakened early as crude oil...
Summary of Futures
May 20 Corn closed at $3.485/bushel, up $0.0125 from yesterday's close. May 20 Wheat closed at $5.8/bushel, up $0.185 from yesterday's close. May 20 Soybeans closed at $8.815/bushel, down $0.0525 from yesterday's close. May 20 Soymeal closed at $321.7/short ton, down $10.4 fro...
No Shortage of Food
There is a shortage of respirators and masks, but not food. The actual exporting of food has slowed in some cases due to restrictions on labor, but Bloomberg’s Isis Almeida and Agnieszka de Sousa assembled the following list of food export bans: • Kazakhstan has banned exports of whe...
China In-Country Analysis
Public Health China Looks to Re-Open Wuhan City and Hubei Province With the total number of recovered cases rising to 73,668 across mainland China, up 4,005 (+5.7 percent) from the previous week, the central government is moving to reopen the country’s disease epicenter. Reco...
Market Commentary
CBOT markets were called to open lower on a mix of profit taking and lack of fundamental news, and futures responded accordingly. The CBOT was weaker through most of the day amid some testing of support levels, unwinding of spreads (particularly wheat/corn and soymeal/soyoil), and, of course, p...
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
The market was called to open higher with traders adjusting positions ahead of next week’s Planting Intentions report. The CBOT opened mostly in-line with expectations but quickly turned mixed with profit taking in soymeal creating two-sided trade in soyoil. Spread trading was light and w...
Summary of Futures
May 20 Corn closed at $3.46/bushel, down $0.0275 from yesterday's close. May 20 Wheat closed at $5.7125/bushel, up $0.0225 from yesterday's close. May 20 Soybeans closed at $8.815/bushel, up $0.0125 from yesterday's close. May 20 Soymeal closed at $323.1/short ton, up $0.2 fro...
Hog Herd up 4 Percent; Pork Demand Unpredictable
USDA released the quarterly Hogs and Pigs report yesterday. Some topline highlights: Total swine inventory on 1 March was 77.6 million head, 104 percent of March 2019, but 99 percent of 1 December 2019. Market hogs were above pre-report expectations Breeding herd was below pre-report...
Livestock Round Up
Hold on to Your Meat Packing Plant Job The most interesting news today was the unemployment numbers; the U.S. Department of Labor announced that for last week, initial claims for unemployment benefits was 3,283,000, an increase of 3,001,000 from the previous week's revised level. N...
Summary of Futures
May 20 Corn closed at $3.4875/bushel, up $0.0025 from yesterday's close. May 20 Wheat closed at $5.69/bushel, down $0.11 from yesterday's close. May 20 Soybeans closed at $8.8025/bushel, down $0.0125 from yesterday's close. May 20 Soymeal closed at $322.9/short ton, up $1.2 fr...
Market Commentary
The market opened the day mixed as called and with some profit-taking; it ended the day mostly lower but with some interesting twists and turns. Volume: Volume was relatively low except for the Euronext wheat contract and feeder cattle. Red Hogs: There were higher bids for most...
Market Commentary
CBOT markets were called steady/higher before the open on a mix of macroeconomic strength from the U.S. Senate coronavirus aid package and from a slowdown in Argentine exports that may give U.S. exporters a better opportunity. The markets opened as called but soyoil weakened early as crude oil...
Summary of Futures
May 20 Corn closed at $3.485/bushel, up $0.0125 from yesterday's close. May 20 Wheat closed at $5.8/bushel, up $0.185 from yesterday's close. May 20 Soybeans closed at $8.815/bushel, down $0.0525 from yesterday's close. May 20 Soymeal closed at $321.7/short ton, down $10.4 fro...
No Shortage of Food
There is a shortage of respirators and masks, but not food. The actual exporting of food has slowed in some cases due to restrictions on labor, but Bloomberg’s Isis Almeida and Agnieszka de Sousa assembled the following list of food export bans: • Kazakhstan has banned exports of whe...
China In-Country Analysis
Public Health China Looks to Re-Open Wuhan City and Hubei Province With the total number of recovered cases rising to 73,668 across mainland China, up 4,005 (+5.7 percent) from the previous week, the central government is moving to reopen the country’s disease epicenter. Reco...
Market Commentary
CBOT markets were called to open lower on a mix of profit taking and lack of fundamental news, and futures responded accordingly. The CBOT was weaker through most of the day amid some testing of support levels, unwinding of spreads (particularly wheat/corn and soymeal/soyoil), and, of course, p...