World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: EU and U.S. Wheat Futures Decline Sharply; Soy Climbs on Sales to China

The CBOT saw mixed trade on Wednesday with wheat futures seeing the most interesting trade as they posted double-digit losses amid weak European markets and the threats posed by the Canadian railway strike. In contrast, soybeans scored another higher close with support coming from soyoil’s rally and another day of large new crop export sales to China. Corn futures were caught in the middle with crop tour projections for large yields this year seeing offsetting influences from strong ethanol and export demand. Funds were net buyers in the soy complex and are slowly (but half-heartedly) paring back their short position there while remaining flat corn for the day (and therefore still deeply short overall). Managed money traders were net...

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feed-grains soy-oilseeds wheat

Market Commentary: Strong Friday and an Upward Bound Week

If yesterday’s trading looked like uncertainty ultimately succumbing to the bulls, today’s trading opened with the bears fully in charge. Contracts opened lower and mostly stayed that way until late morning when there appeared to be an epiphany with the bulls and they took charge. I...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.5475/bushel, up $0.0925 from yesterday's close.  Jul 25 Soybeans closed at $10.5725/bushel, up $0.055 from yesterday's close.  Jul 25 Soymeal closed at $295.7/short ton, down $1.4 fro...

Beyond the Report Headlines: Measuring Trump’s Effects

The BLS released the employment report this morning indicating that the U.S. added 139,000 jobs in May, down slightly from April’s revised 147,000, but slightly above pre-report forecasts of 126,000. However, payrolls were revised downward an unusually large 95,000 for the prior two month...

feed-grains soy-oilseeds wheat

Market Commentary: Strong Friday and an Upward Bound Week

If yesterday’s trading looked like uncertainty ultimately succumbing to the bulls, today’s trading opened with the bears fully in charge. Contracts opened lower and mostly stayed that way until late morning when there appeared to be an epiphany with the bulls and they took charge. I...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.5475/bushel, up $0.0925 from yesterday's close.  Jul 25 Soybeans closed at $10.5725/bushel, up $0.055 from yesterday's close.  Jul 25 Soymeal closed at $295.7/short ton, down $1.4 fro...

Beyond the Report Headlines: Measuring Trump’s Effects

The BLS released the employment report this morning indicating that the U.S. added 139,000 jobs in May, down slightly from April’s revised 147,000, but slightly above pre-report forecasts of 126,000. However, payrolls were revised downward an unusually large 95,000 for the prior two month...

livestock

Even After Recent Market Gains, Hog and Pork Outlook Remains Rosy

Anyone following the hog and pork markets recently has seen the volatility that preceded the recent surge to new contract highs, and the lack of consensus in the industry’s outlook. The USDA will issue their quarterly Hogs and Pigs report at the end of June, which will help inform the ind...

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