World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Firmer Trends Continue; Ukraine’s Corn in Jeopardy

The CBOT saw generally quiet, steady trade at mid-week, but many players noted firmer undertones as futures stabilize or start to recover from deeply oversold conditions. Corn and all three wheat futures markets turned higher with cautious bull spreading with the latter market seeing support from growing international import demand. The soy complex was stronger as well, though the gains mostly came from soymeal and its bull spreading on export demand. Soyoil, in contrast, sank sharply lower on technical selling, which left the soybean market conflicted. New crop soybean futures then resumed their prior trend (down) and scored another day of minor losses. Funds remain heavily short ag futures, but as the downside momentum wanes, short coveri...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders breaking a three-week trend of net short covering in the ag space as managed money traders expanded their almost-neutral positions. The expansion of short holdings came primarily from selling across the three soy complex contracts and from...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, down $0.0175 from yesterday's close.  Dec 25 Wheat closed at $5.1925/bushel, down $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, up $0.3 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Ending on a Sour Note

The weak jobs report sent most economic indices lower, except for gold. The dollar slumped lower despite the increased likelihood of interest rate cuts. Corn, soybeans and some wheat contract teased higher at the start of the session but they couldn’t hold. There was yet another new contr...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders breaking a three-week trend of net short covering in the ag space as managed money traders expanded their almost-neutral positions. The expansion of short holdings came primarily from selling across the three soy complex contracts and from...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, down $0.0175 from yesterday's close.  Dec 25 Wheat closed at $5.1925/bushel, down $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, up $0.3 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Ending on a Sour Note

The weak jobs report sent most economic indices lower, except for gold. The dollar slumped lower despite the increased likelihood of interest rate cuts. Corn, soybeans and some wheat contract teased higher at the start of the session but they couldn’t hold. There was yet another new contr...

livestock

Post-Labor Day Look at Pork and Beef Markets

With Labor Day behind us, here is a look at the meat market going into fall. Total hog slaughter for last week was estimated at 2.391 million head, 1.5 percent lower than a year ago, making this the 15th consecutive week below year ago levels. Seasonal national average weights are starting to t...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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