World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Rallies with Energy Markets; Corn, Wheat Firm in Late-Week Trade

The CBOT ended the week with gains across the board as stronger energy and palm oil markets supported sharp rallies in soyoil and soybeans. The soy complex has been the surprising leader of the CBOT during a week that, at its outset, looked like it would feature major rallies in wheat and corn. Instead, Russia’s decision to re-join the Ukraine export corridor agreement allowed grain markets to pullback while energy and vegoil demand sent the soy complex higher. Funds were quiet on Friday but cautiously extended net longs in soybeans and, to a far lesser extent, corn and KCBT wheat.  China has approved soymeal imports from 14 facilities in Brazil and it seeks to diversify its suppliers. China is a minor soymeal importer and inste...

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livestock

Livestock Industry Margins

Beef packer margins reversed sharply to -$17/head from $120/head the prior week, as rising fed cattle prices more than offset a modest decline in the Choice cutout. Fed cattle prices increased $12.92/cwt from the prior week while the cutout slipped $3.24/cwt, compressing gross margins and pushi...

feed-grains soy-oilseeds wheat

Market Commentary: The Long-Run Draws Near

The CBOT markets were surprisingly insulated from a jump in crude oil that started the week. Crude oil futures rallied to $115/brl - their highest levels since the earliest days of the U.S.-Iran war - on rhetoric from the White House that signaled an escalation in the conflict. While the oil he...

Farmland Consolidation

Under the theory of economies of scale, the size of farms, like that of all industries, should increase over time due to improvements in productivity. Farmers themselves understand that the more land they farm, the greater their output and, thus, the larger their potential incomes. Government p...

livestock

Livestock Industry Margins

Beef packer margins reversed sharply to -$17/head from $120/head the prior week, as rising fed cattle prices more than offset a modest decline in the Choice cutout. Fed cattle prices increased $12.92/cwt from the prior week while the cutout slipped $3.24/cwt, compressing gross margins and pushi...

feed-grains soy-oilseeds wheat

Market Commentary: The Long-Run Draws Near

The CBOT markets were surprisingly insulated from a jump in crude oil that started the week. Crude oil futures rallied to $115/brl - their highest levels since the earliest days of the U.S.-Iran war - on rhetoric from the White House that signaled an escalation in the conflict. While the oil he...

Farmland Consolidation

Under the theory of economies of scale, the size of farms, like that of all industries, should increase over time due to improvements in productivity. Farmers themselves understand that the more land they farm, the greater their output and, thus, the larger their potential incomes. Government p...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0.0175 from yesterday's close.  May 26 Wheat closed at $5.9525/bushel, down $0.03 from yesterday's close.  May 26 Soybeans closed at $11.6675/bushel, up $0.0325 from yesterday's close.  May 26 Soymeal closed at $316.6/short ton, up $1.4 fro...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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