World Perspectives
livestock

Livestock Round-Up: Hogs and Pigs Report Shows Herd Down Across the Board

USDA released its quarterly Hogs and Pigs report for December through February. The report was bullish showing contraction across the herd.   The total inventory of hogs and pigs in the U.S. was 72.2 million, the smallest since June 2018. The drop in inventory from December to March follows the seasonal pattern; typically, the 1 March inventory is near the seasonal low point (see marked in red).   The year-over-year drop, however, is following a repeat cycle. Before porcine epidemic diarrhea virus (PEDv) hit hard in 2015, March to March was down for five years. After that, the March to March was even or up for five years. Now, this is the second year it is down.   Sows farrowing from December through F...

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feed-grains soy-oilseeds wheat

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

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...

softs

Bearish Sugar Prices to Continue Despite Production Increases

The U.S. 2025/26 sugar supply is forecast at 14.119 million short tons, raw value (STRV), down 1,800 STRV from November as the decrease in expected imports of refined organic and specialty sugar, which pays the high tier, out of quota duty, more than offsets the increase in beginning stocks and...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

feed-grains soy-oilseeds wheat

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

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...

softs

Bearish Sugar Prices to Continue Despite Production Increases

The U.S. 2025/26 sugar supply is forecast at 14.119 million short tons, raw value (STRV), down 1,800 STRV from November as the decrease in expected imports of refined organic and specialty sugar, which pays the high tier, out of quota duty, more than offsets the increase in beginning stocks and...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Futures Buying Demand; Livestock Futures Buying Time

Bears were in control of the CBOT again on Monday with technical pressure and bearish fundamental headlines driving prices lower. Soybeans and wheat were the downside leaders for the day as funds accelerated their exit from long positions in these markets amid the chart weakness. Corn futures s...

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From WPI Consulting

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