World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Pre-WASDE positioning sent the grains complex lower today, while livestock futures were under pressure from profit taking and lackluster cash markets. Fund managers are worried tomorrow’s report will be a repeat of the August WASDE and are paring back any long positions. It’s tough to be bullish when the market almost uniformly expects record U.S. yields. Corn and soybeans are near contract lows, which has farmers and funds largely sidelined from selling. In turn, that is leaving end users to extend coverage on what are now cheap prices. Hurricane Florence continues to barrel toward the Carolinas, threatening some of the most important barbecue-producing regions in the U.S. Beyond barbecue, however, the storm’s anticipate...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.1625/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.52/bushel, down $0.175 from yesterday's close.  Jul 25 Soybeans closed at $10.4675/bushel, down $0.12 from yesterday's close.  Jul 25 Soymeal closed at $280.5/short ton, down $1.9...

feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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Jul 25 Corn closed at $4.1625/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.52/bushel, down $0.175 from yesterday's close.  Jul 25 Soybeans closed at $10.4675/bushel, down $0.12 from yesterday's close.  Jul 25 Soymeal closed at $280.5/short ton, down $1.9...

livestock

Hogs and Pigs Report Preview

USDA will release its quarterly Hogs and Pigs report tomorrow. The pre-report estimate is as follows: The pigs per litter for March through May is forecast at 101.3 percent of last year, with a range of 100.9 to 102.3 percent. The pig crop is expected at a one percent increase, that aligns wit...

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From WPI Consulting

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