World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Bottom Tested

GOOD MORNING, Funds headed for the exits as charts started to build in resistance leading to selling yesterday, triggering sell-stops.  Funds sold 16,000 wheat, 45,000 corn, 30,000 beans, 12,500 meal, and 5000 soyoil.  This is the kind of selling that often does lead to a market top, since these are significant totals, but technicals have to match fundamentals.   It is particularly interesting as strong domestic demand will keep ending stocks of corn and beans near seven-year lows.  In order to meet the higher production estimates of 21/22, the US has to have an ideal growing season.  Looking at maps with the western Corn Belt extremely dry, tough to imagine that we are going to get all we need.  Prices...

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Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145/head to –$75 as fed cattle prices rebounded $7/cwt (live basis), while the Choice cutout slipped nearly $7/cwt. The rapid compression...

FOB Prices and Freight Rates App (Updated 17 December)

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feed-grains soy-oilseeds wheat

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Each year, the Chinese zodiac calendar features one animal to mark and typify the coming 365 days. If that process were applied to CBOT trade, Tuesday would have been the “day of the bear”, with all major grain markets ending in the red. The only specific trigger was the bearish NOP...

livestock

Livestock Industry Margins

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feed-grains soy-oilseeds wheat

Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers

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softs

Bearish Sugar Prices to Continue Despite Production Increases

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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