World Perspectives

Livestock Recent Livestock Analysis

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8175/bushel, up $0.0175 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0 from yesterday's close.  Mar 19 Soybeans closed at $9.1675/bushel, up $0.09 from yesterday's close.  Mar 19 Soymeal closed at $315.1/short ton, up $2.9 from yest...

feed-grains soy-oilseeds wheat

Market Commentary

Markets had some follow-through overnight from yesterday’s good gains. Wheat and soybeans were up 3-4 cents with corn fractionally higher. None of that enthusiasm was present today in either of those markets, though. Meanwhile, soybean futures made a run at double-digit gains before closi...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices were mildly firmer overnight, based mostly on forecasts that the adverse South American weather conditions would persist at least through January. Otherwise, inputs were lacking, however, and trading was uninspired. The overnight trade gave no hint of the rally that took of...

livestock

Missing Reports; Climate and Cattle; Happy Chicken Wing Day

Cattle on Feed Report is MIA USDA’s Cattle on Feed (COF) report is normally released on the third Friday of each month. The inventory data is for the month it is issued, and the placements and marketing numbers are for the previous month. The January COF report, however, will be missing t...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8/bushel, up $0.06 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0.0525 from yesterday's close.  Mar 19 Soybeans closed at $9.0775/bushel, up $0.1325 from yesterday's close.  Mar 19 Soymeal closed at $312.2/short ton, up $2.1 from ye...

soy-oilseeds feed-grains wheat

Closing Bell Wrap-Up: CBOT Starts Slow, Scrambles to Exciting Finish

Morning price action at the CBOT was firm but mostly boring. That all changed around midday, however, as rumors of export sales, combined with headlines that Argentina’s soybean crop will be smaller than expected, sparked a large (by today’s standards) rally in the grains. Soybeans...

feed-grains soy-oilseeds wheat

Market Commentary

The missing USDA reports due to the government shutdown receive all of the attention, but the Commodity Futures Trading Commission’s (CFTC’s) weekly Commitment of Traders (COT) report is among the missing as well. The last one was issued on 21 December with futures position data of...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.74/bushel, up $0.0275 from yesterday's close.  Mar 19 Wheat closed at $5.125/bushel, up $0.015 from yesterday's close.  Mar 19 Soybeans closed at $8.945/bushel, up $0.0125 from yesterday's close.  Mar 19 Soymeal closed at $310.1/short ton, up $0.8 from ye...

livestock feed-grains wheat

Closing Bell Wrap-Up: Hogs Crash and Burn, Cattle Rally

CBOT prices were higher today after yesterday’s selloff. There was little fundamental reason for the move, except that traders must have sold what they wanted yesterday, leaving buyers to gain a slight advantage. Commercial purchases of “cheap” corn and soybeans was notable, a...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets tried to generate a “Turnaround Tuesday” during the overnight session but struggled to hold on to minor gains. This difficulty was a signal that Tuesday might be a tough day for the markets, and so it was. Markets assume that China has purchased 5 MMT of soybea...

soy-oilseeds softs energy

Brainstorming without USDA

It takes something like the current partial shutdown of the U.S. government to make those involved with agricultural markets realize how much we depend on the stream of data from USDA. The regularity of things like export sales reports, livestock reports, and estimates of production, supplies a...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.7125/bushel, down $0.0725 from yesterday's close.  Mar 19 Wheat closed at $5.11/bushel, down $0.0325 from yesterday's close.  Mar 19 Soybeans closed at $8.9325/bushel, down $0.1025 from yesterday's close.  Mar 19 Soymeal closed at $309.3/short ton, down $...

feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Corn Breaks Important Technical Mark

Corn and soybeans plunged today on news from USTR Lighthizer that the U.S. and China made little progress on trade talks. The market had previously been encouraged by rumors of ag and energy purchases, including crude oil and DDGS, that theoretically signaled China’s increasing willingnes...

feed-grains soy-oilseeds wheat

Market Commentary

Wheat and soybean futures were lower overnight, and they stuck to that pattern through the day with soybeans opening with steeper losses. Meanwhile, corn was steady during the night session and finished today fractionally higher after posting 2-3 cent gains in the first half hour. The U.S. gove...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.785/bushel, up $0.0025 from yesterday's close.  Mar 19 Wheat closed at $5.1425/bushel, down $0.0525 from yesterday's close.  Mar 19 Soybeans closed at $9.035/bushel, down $0.0675 from yesterday's close.  Mar 19 Soymeal closed at $311.8/short ton, down $2...

feed-grains wheat soy-oilseeds

Smile! Options Market Reflects Bullish Corn Sentiment

Today’s trading in corn futures and options reflects the increasingly bullish sentiments held by traders. Similarly, despite wheat futures’ recent history of range-bound trading, options traders foresee more upside potential than downside risk with futures prices near their recent &...

feed-grains wheat soy-oilseeds

Summary of Futures

Mar 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close.  Mar 19 Wheat closed at $5.195/bushel, up $0.0575 from yesterday's close.  Mar 19 Soybeans closed at $9.1025/bushel, up $0.035 from yesterday's close.  Mar 19 Soymeal closed at $314.6/short ton, down $2.2 from...

feed-grains soy-oilseeds wheat

Market Commentary

Markets rebounded overnight following Thursday’s big losses. It was interesting that no one could come up with a solid reason yesterday for the unexpected and big fund selling. Some attributed it to the fact that there would be no USDA reports released today, which include the winter whea...

feed-grains soy-oilseeds livestock

Indian Subcontinent Regional Analysis

Pest-Damaged Crop and No Imports Driving Corn Prices After the spot market price of corn in India touched $255/MT in early December 2018, the end user industry (starch and poultry) asked the government of India (GOI) to allow imports. Prices continued to rise at that time, reaching $266/MT at o...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy futures traded quietly overnight amid low volume, and prices were not much changed by the morning recess. The overnight action (or rather the lack thereof) did not prepare traders for the big and broad sell-off that took place during the day session. Bulls like to be fed every day...

livestock

Animal Disease; Animal Welfare Preemption; Cell-Cultured Meat

Animal Disease It’s back! After the hog market was disrupted in 2014/15 by the spread of porcine epidemic diarrhea virus (PEDv), a new case has been discovered in Alberta on a 400-head farrow-to-finish operation. The discovery was made on 3 January and reported by a private veterinarian...

feed-grains soy-oilseeds wheat

Bullish Markets Until ……?

Grain and soy futures markets were mostly mired in a pit of bearish mud for the last half of 2018. Years of big U.S. and world crops had resulted in a buildup of stocks to record or near-record levels. Estimated world consumption of corn and wheat seemed to finally catch up with production...

feed-grains wheat soy-oilseeds

Summary of Futures

Mar 19 Corn closed at $3.7625/bushel, down $0.0575 from yesterday's close.  Mar 19 Wheat closed at $5.1375/bushel, down $0.0625 from yesterday's close.  Mar 19 Soybeans closed at $9.0675/bushel, down $0.1725 from yesterday's close.  Mar 19 Soymeal closed at $316.8/short ton, down...

soy-oilseeds wheat livestock

Closing Bell Wrap-Up: Lack of Chinese Details Pressures Markets

Sharp selling emerged at the CBOT today in response to weaker overnight prices. Cash prices for soybeans and corn have weakened in response to farmer selling that recent futures gains encouraged. The pressure continued today as Chinese officials were light on details about the recent trade talk...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8175/bushel, up $0.0175 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0 from yesterday's close.  Mar 19 Soybeans closed at $9.1675/bushel, up $0.09 from yesterday's close.  Mar 19 Soymeal closed at $315.1/short ton, up $2.9 from yest...

feed-grains soy-oilseeds wheat

Market Commentary

Markets had some follow-through overnight from yesterday’s good gains. Wheat and soybeans were up 3-4 cents with corn fractionally higher. None of that enthusiasm was present today in either of those markets, though. Meanwhile, soybean futures made a run at double-digit gains before closi...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices were mildly firmer overnight, based mostly on forecasts that the adverse South American weather conditions would persist at least through January. Otherwise, inputs were lacking, however, and trading was uninspired. The overnight trade gave no hint of the rally that took of...

livestock

Missing Reports; Climate and Cattle; Happy Chicken Wing Day

Cattle on Feed Report is MIA USDA’s Cattle on Feed (COF) report is normally released on the third Friday of each month. The inventory data is for the month it is issued, and the placements and marketing numbers are for the previous month. The January COF report, however, will be missing t...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8/bushel, up $0.06 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0.0525 from yesterday's close.  Mar 19 Soybeans closed at $9.0775/bushel, up $0.1325 from yesterday's close.  Mar 19 Soymeal closed at $312.2/short ton, up $2.1 from ye...

soy-oilseeds feed-grains wheat

Closing Bell Wrap-Up: CBOT Starts Slow, Scrambles to Exciting Finish

Morning price action at the CBOT was firm but mostly boring. That all changed around midday, however, as rumors of export sales, combined with headlines that Argentina’s soybean crop will be smaller than expected, sparked a large (by today’s standards) rally in the grains. Soybeans...

feed-grains soy-oilseeds wheat

Market Commentary

The missing USDA reports due to the government shutdown receive all of the attention, but the Commodity Futures Trading Commission’s (CFTC’s) weekly Commitment of Traders (COT) report is among the missing as well. The last one was issued on 21 December with futures position data of...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.74/bushel, up $0.0275 from yesterday's close.  Mar 19 Wheat closed at $5.125/bushel, up $0.015 from yesterday's close.  Mar 19 Soybeans closed at $8.945/bushel, up $0.0125 from yesterday's close.  Mar 19 Soymeal closed at $310.1/short ton, up $0.8 from ye...

livestock feed-grains wheat

Closing Bell Wrap-Up: Hogs Crash and Burn, Cattle Rally

CBOT prices were higher today after yesterday’s selloff. There was little fundamental reason for the move, except that traders must have sold what they wanted yesterday, leaving buyers to gain a slight advantage. Commercial purchases of “cheap” corn and soybeans was notable, a...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets tried to generate a “Turnaround Tuesday” during the overnight session but struggled to hold on to minor gains. This difficulty was a signal that Tuesday might be a tough day for the markets, and so it was. Markets assume that China has purchased 5 MMT of soybea...

soy-oilseeds softs energy

Brainstorming without USDA

It takes something like the current partial shutdown of the U.S. government to make those involved with agricultural markets realize how much we depend on the stream of data from USDA. The regularity of things like export sales reports, livestock reports, and estimates of production, supplies a...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.7125/bushel, down $0.0725 from yesterday's close.  Mar 19 Wheat closed at $5.11/bushel, down $0.0325 from yesterday's close.  Mar 19 Soybeans closed at $8.9325/bushel, down $0.1025 from yesterday's close.  Mar 19 Soymeal closed at $309.3/short ton, down $...

feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Corn Breaks Important Technical Mark

Corn and soybeans plunged today on news from USTR Lighthizer that the U.S. and China made little progress on trade talks. The market had previously been encouraged by rumors of ag and energy purchases, including crude oil and DDGS, that theoretically signaled China’s increasing willingnes...

feed-grains soy-oilseeds wheat

Market Commentary

Wheat and soybean futures were lower overnight, and they stuck to that pattern through the day with soybeans opening with steeper losses. Meanwhile, corn was steady during the night session and finished today fractionally higher after posting 2-3 cent gains in the first half hour. The U.S. gove...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.785/bushel, up $0.0025 from yesterday's close.  Mar 19 Wheat closed at $5.1425/bushel, down $0.0525 from yesterday's close.  Mar 19 Soybeans closed at $9.035/bushel, down $0.0675 from yesterday's close.  Mar 19 Soymeal closed at $311.8/short ton, down $2...

feed-grains wheat soy-oilseeds

Smile! Options Market Reflects Bullish Corn Sentiment

Today’s trading in corn futures and options reflects the increasingly bullish sentiments held by traders. Similarly, despite wheat futures’ recent history of range-bound trading, options traders foresee more upside potential than downside risk with futures prices near their recent &...

feed-grains wheat soy-oilseeds

Summary of Futures

Mar 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close.  Mar 19 Wheat closed at $5.195/bushel, up $0.0575 from yesterday's close.  Mar 19 Soybeans closed at $9.1025/bushel, up $0.035 from yesterday's close.  Mar 19 Soymeal closed at $314.6/short ton, down $2.2 from...

feed-grains soy-oilseeds wheat

Market Commentary

Markets rebounded overnight following Thursday’s big losses. It was interesting that no one could come up with a solid reason yesterday for the unexpected and big fund selling. Some attributed it to the fact that there would be no USDA reports released today, which include the winter whea...

feed-grains soy-oilseeds livestock

Indian Subcontinent Regional Analysis

Pest-Damaged Crop and No Imports Driving Corn Prices After the spot market price of corn in India touched $255/MT in early December 2018, the end user industry (starch and poultry) asked the government of India (GOI) to allow imports. Prices continued to rise at that time, reaching $266/MT at o...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy futures traded quietly overnight amid low volume, and prices were not much changed by the morning recess. The overnight action (or rather the lack thereof) did not prepare traders for the big and broad sell-off that took place during the day session. Bulls like to be fed every day...

livestock

Animal Disease; Animal Welfare Preemption; Cell-Cultured Meat

Animal Disease It’s back! After the hog market was disrupted in 2014/15 by the spread of porcine epidemic diarrhea virus (PEDv), a new case has been discovered in Alberta on a 400-head farrow-to-finish operation. The discovery was made on 3 January and reported by a private veterinarian...

feed-grains soy-oilseeds wheat

Bullish Markets Until ……?

Grain and soy futures markets were mostly mired in a pit of bearish mud for the last half of 2018. Years of big U.S. and world crops had resulted in a buildup of stocks to record or near-record levels. Estimated world consumption of corn and wheat seemed to finally catch up with production...

feed-grains wheat soy-oilseeds

Summary of Futures

Mar 19 Corn closed at $3.7625/bushel, down $0.0575 from yesterday's close.  Mar 19 Wheat closed at $5.1375/bushel, down $0.0625 from yesterday's close.  Mar 19 Soybeans closed at $9.0675/bushel, down $0.1725 from yesterday's close.  Mar 19 Soymeal closed at $316.8/short ton, down...

soy-oilseeds wheat livestock

Closing Bell Wrap-Up: Lack of Chinese Details Pressures Markets

Sharp selling emerged at the CBOT today in response to weaker overnight prices. Cash prices for soybeans and corn have weakened in response to farmer selling that recent futures gains encouraged. The pressure continued today as Chinese officials were light on details about the recent trade talk...

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