World Perspectives

Livestock Recent Livestock Analysis

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

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...

feed-grains wheat soy-oilseeds

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...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

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

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...

feed-grains wheat soy-oilseeds

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...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were lower overnight in a correction from yesterday’s WASDE-induced move higher. There was little fresh news last night, but additional commercial hedges were placed after yesterday’s strong gains. The day session found significant short covering in soy...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.3/bushel, up $0.0225 from yesterday's close.  Jul 19 Wheat closed at $5.2625/bushel, up $0.0825 from yesterday's close.  Jul 19 Soybeans closed at $8.78/bushel, up $0.1875 from yesterday's close.  Jul 19 Soymeal closed at $319.5/short ton, up $5.1 from ye...

feed-grains soy-oilseeds wheat

Market Commentary

Today’s trading revolved around the June WASDE report with corn, soybeans and wheat lower before its release as traders anticipated only minor changes to the U.S. balance sheets. Corn moved swiftly higher after the report was issued, however, as USDA surprised the market by drastically cu...

soy-oilseeds feed-grains wheat

Summary of Futures

Jul 19 Corn closed at $4.2775/bushel, up $0.12 from yesterday's close.  Jul 19 Wheat closed at $5.18/bushel, up $0.105 from yesterday's close.  Jul 19 Soybeans closed at $8.5925/bushel, up $0.0075 from yesterday's close.  Jul 19 Soymeal closed at $314.4/short ton, up $1 from yest...

feed-grains soy-oilseeds wheat

Market Commentary

Consolidation was the word of the day ahead of tomorrow’s WASDE report. Corn finished slightly higher for the most part, while soybeans and wheat added a few pennies’ value. There was notable short covering in the soy complex as traders evened their positions after several days of l...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.1575/bushel, up $0 from yesterday's close.  Jul 19 Wheat closed at $5.075/bushel, up $0.03 from yesterday's close.  Jul 19 Soybeans closed at $8.585/bushel, up $0.0225 from yesterday's close.  Jul 19 Soymeal closed at $313.4/short ton, up $1.1 from yester...

feed-grains soy-oilseeds wheat

Market Commentary

Ag futures attempted an overnight rally, but none (except for corn) were able to overcome yesterday’s highs. The inability of bulls to push the market above that point led to a weaker opening in slow trade this morning. Weather remains a focus, but with mostly improved conditions across t...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.1575/bushel, down $0.0475 from yesterday's close.  Jul 19 Wheat closed at $5.045/bushel, down $0.055 from yesterday's close.  Jul 19 Soybeans closed at $8.5625/bushel, down $0.125 from yesterday's close.  Jul 19 Soymeal closed at $312.3/short ton, down $3...

livestock

Livestock Roundup: Livestock Shedding Pounds?; Pork Plant Line Speed Rule Blocked

Livestock Shedding Pounds? Hog producers have been caught in a whipsaw of low hog prices due to tariffs, a dramatic rally (given the African swine fever situation in China that has since ebbed), and now rising feed costs due to the uncertain planting situation. In short, corn prices are likely...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean futures were both lower overnight, while wheat futures found support after consecutive down days. The forecast remains favorable for spring crop planting and development, and USDA’s recent announcement that prevented planting acres will be ineligible for Market Facilitati...

feed-grains wheat soy-oilseeds

Summary of Futures

Jul 19 Corn closed at $4.205/bushel, up $0.0575 from yesterday's close.  Jul 19 Wheat closed at $5.1/bushel, up $0.1925 from yesterday's close.  Jul 19 Soybeans closed at $8.6875/bushel, down $0.01 from yesterday's close.  Jul 19 Soymeal closed at $315.9/short ton, down $1.8 from...

feed-grains soy-oilseeds wheat

Market Commentary

Weather forecasts run yesterday afternoon and evening continue to show a drying trend across the Corn Belt, which led futures lower overnight. The worst of the planting-delaying weather seems to be over, and fresh forecasts are broadly encouraging. Overnight pressure also came from news that ho...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.1475/bushel, down $0.105 from yesterday's close.  Jul 19 Wheat closed at $4.9075/bushel, down $0.165 from yesterday's close.  Jul 19 Soybeans closed at $8.6975/bushel, down $0.12 from yesterday's close.  Jul 19 Soymeal closed at $317.7/short ton, down $3...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was mixed with corn and soybeans firmer, while wheat dropped lower. However, the volume of trade was large, which speaks to the importance of the Crop Progress reports this year. If USDA’s March acreage figures are correct, yesterday’s report suggests there are 30...

livestock

The Bullish Case for Beef

Live cattle futures dropped like a rock through early June but may have overshot the fair value of the underlying commodity. This spring, large fed cattle supplies allowed packers to reduce offer prices despite robust beef demand and excellent slaughter margins. Outside the cash cattle market,...

feed-grains wheat soy-oilseeds

Summary of Futures

Jul 19 Corn closed at $4.2525/bushel, up $0.01 from yesterday's close.  Jul 19 Wheat closed at $5.0725/bushel, down $0.125 from yesterday's close.  Jul 19 Soybeans closed at $8.8175/bushel, up $0.0275 from yesterday's close.  Jul 19 Soymeal closed at $321/short ton, up $0.5 from...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

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...

feed-grains wheat soy-oilseeds

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...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

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

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...

feed-grains wheat soy-oilseeds

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...

feed-grains soy-oilseeds wheat

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...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy complex futures were lower overnight in a correction from yesterday’s WASDE-induced move higher. There was little fresh news last night, but additional commercial hedges were placed after yesterday’s strong gains. The day session found significant short covering in soy...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.3/bushel, up $0.0225 from yesterday's close.  Jul 19 Wheat closed at $5.2625/bushel, up $0.0825 from yesterday's close.  Jul 19 Soybeans closed at $8.78/bushel, up $0.1875 from yesterday's close.  Jul 19 Soymeal closed at $319.5/short ton, up $5.1 from ye...

feed-grains soy-oilseeds wheat

Market Commentary

Today’s trading revolved around the June WASDE report with corn, soybeans and wheat lower before its release as traders anticipated only minor changes to the U.S. balance sheets. Corn moved swiftly higher after the report was issued, however, as USDA surprised the market by drastically cu...

soy-oilseeds feed-grains wheat

Summary of Futures

Jul 19 Corn closed at $4.2775/bushel, up $0.12 from yesterday's close.  Jul 19 Wheat closed at $5.18/bushel, up $0.105 from yesterday's close.  Jul 19 Soybeans closed at $8.5925/bushel, up $0.0075 from yesterday's close.  Jul 19 Soymeal closed at $314.4/short ton, up $1 from yest...

feed-grains soy-oilseeds wheat

Market Commentary

Consolidation was the word of the day ahead of tomorrow’s WASDE report. Corn finished slightly higher for the most part, while soybeans and wheat added a few pennies’ value. There was notable short covering in the soy complex as traders evened their positions after several days of l...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.1575/bushel, up $0 from yesterday's close.  Jul 19 Wheat closed at $5.075/bushel, up $0.03 from yesterday's close.  Jul 19 Soybeans closed at $8.585/bushel, up $0.0225 from yesterday's close.  Jul 19 Soymeal closed at $313.4/short ton, up $1.1 from yester...

feed-grains soy-oilseeds wheat

Market Commentary

Ag futures attempted an overnight rally, but none (except for corn) were able to overcome yesterday’s highs. The inability of bulls to push the market above that point led to a weaker opening in slow trade this morning. Weather remains a focus, but with mostly improved conditions across t...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.1575/bushel, down $0.0475 from yesterday's close.  Jul 19 Wheat closed at $5.045/bushel, down $0.055 from yesterday's close.  Jul 19 Soybeans closed at $8.5625/bushel, down $0.125 from yesterday's close.  Jul 19 Soymeal closed at $312.3/short ton, down $3...

livestock

Livestock Roundup: Livestock Shedding Pounds?; Pork Plant Line Speed Rule Blocked

Livestock Shedding Pounds? Hog producers have been caught in a whipsaw of low hog prices due to tariffs, a dramatic rally (given the African swine fever situation in China that has since ebbed), and now rising feed costs due to the uncertain planting situation. In short, corn prices are likely...

feed-grains soy-oilseeds wheat

Market Commentary

Corn and soybean futures were both lower overnight, while wheat futures found support after consecutive down days. The forecast remains favorable for spring crop planting and development, and USDA’s recent announcement that prevented planting acres will be ineligible for Market Facilitati...

feed-grains wheat soy-oilseeds

Summary of Futures

Jul 19 Corn closed at $4.205/bushel, up $0.0575 from yesterday's close.  Jul 19 Wheat closed at $5.1/bushel, up $0.1925 from yesterday's close.  Jul 19 Soybeans closed at $8.6875/bushel, down $0.01 from yesterday's close.  Jul 19 Soymeal closed at $315.9/short ton, down $1.8 from...

feed-grains soy-oilseeds wheat

Market Commentary

Weather forecasts run yesterday afternoon and evening continue to show a drying trend across the Corn Belt, which led futures lower overnight. The worst of the planting-delaying weather seems to be over, and fresh forecasts are broadly encouraging. Overnight pressure also came from news that ho...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 19 Corn closed at $4.1475/bushel, down $0.105 from yesterday's close.  Jul 19 Wheat closed at $4.9075/bushel, down $0.165 from yesterday's close.  Jul 19 Soybeans closed at $8.6975/bushel, down $0.12 from yesterday's close.  Jul 19 Soymeal closed at $317.7/short ton, down $3...

feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was mixed with corn and soybeans firmer, while wheat dropped lower. However, the volume of trade was large, which speaks to the importance of the Crop Progress reports this year. If USDA’s March acreage figures are correct, yesterday’s report suggests there are 30...

livestock

The Bullish Case for Beef

Live cattle futures dropped like a rock through early June but may have overshot the fair value of the underlying commodity. This spring, large fed cattle supplies allowed packers to reduce offer prices despite robust beef demand and excellent slaughter margins. Outside the cash cattle market,...

feed-grains wheat soy-oilseeds

Summary of Futures

Jul 19 Corn closed at $4.2525/bushel, up $0.01 from yesterday's close.  Jul 19 Wheat closed at $5.0725/bushel, down $0.125 from yesterday's close.  Jul 19 Soybeans closed at $8.8175/bushel, up $0.0275 from yesterday's close.  Jul 19 Soymeal closed at $321/short ton, up $0.5 from...

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