World Perspectives
feed-grains

AM Outlook - Two Potential Plays

GOOD MORNING, Prices for the soy complex are mixed, with beans lower, products trading both sides.   Oilshare is seeing some profit-taking on the back of lower palm and crude.   Grains are mixed with wheat higher to begin the session, but all turn positive by the end of the PM session.   The September Quarterly Stocks report was bearish beans and corn, and friendly / bullish wheat.  The report was decidedly more bearish beans than corn, which could set off a buy corn/sell bean spread trade.  Since prices were on nice rallies into the Sep 30 report, the aftermath of a bearish report was a set-up for a buy -the-report, sell -the- fact trade.  The bean number was a surprise, and since that market...

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feed-grains soy-oilseeds wheat

Market Commentary: Grain Bulls Take a Breather, Livestock Futures Rally on Meat Demand

The CBOT was mostly in the red on Monday, though the weaker trade was primarily from bulls taking a breather after last week’s dramatic rally. After the recent surge in corn, the soy complex, and to a lesser extent wheat futures, the markets were overextended and due for a down day. That...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.85/bushel, down $0.0525 from yesterday's close.  May 25 Wheat closed at $5.475/bushel, down $0.0825 from yesterday's close.  May 25 Soybeans closed at $10.4175/bushel, down $0.01 from yesterday's close.  May 25 Soymeal closed at $297.1/short ton, down $2...

Extreme is Necessary

While most economists and mainstream media outlets are criticizing the Trump tariff war, none are professing that free trade is fair. To quote Bloomberg’s Tyler Cowen, the world trading order is “weighted against the exporting interests of the U.S.” Moreover, it is growing wor...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Bulls Take a Breather, Livestock Futures Rally on Meat Demand

The CBOT was mostly in the red on Monday, though the weaker trade was primarily from bulls taking a breather after last week’s dramatic rally. After the recent surge in corn, the soy complex, and to a lesser extent wheat futures, the markets were overextended and due for a down day. That...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.85/bushel, down $0.0525 from yesterday's close.  May 25 Wheat closed at $5.475/bushel, down $0.0825 from yesterday's close.  May 25 Soybeans closed at $10.4175/bushel, down $0.01 from yesterday's close.  May 25 Soymeal closed at $297.1/short ton, down $2...

Extreme is Necessary

While most economists and mainstream media outlets are criticizing the Trump tariff war, none are professing that free trade is fair. To quote Bloomberg’s Tyler Cowen, the world trading order is “weighted against the exporting interests of the U.S.” Moreover, it is growing wor...

EU and China on EV Tariffs

Yesterday, European Commissioner for Trade and Economic Security, Maros Sefcovic, came to Washington for meetings with U.S. officials. The trip follows comments from Ursula von der Lyden. The European Commission issued an official statement:  "In response to the widespread disruption cause...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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