World Perspectives
soy-oilseeds

Oilseed Highlights: Brazil’s Soybeans; U.S. Census Soymeal Data Revision; U.S. Soy Plantings; WASDE Soy Changes

Conab Reduces Brazilian Soybean Crop Estimate Conab, Brazil’s crop supply agency, today reduced its estimate for the country’s 2019 soybean crop by 1.6 percent from 115.343 MMT to 113.459 MMT. This change is based on an average yield of 3.168 MT/hectare (47.1 bushels/acre). Conab also lowered its forecast for Brazil’s soybean exports in its MY 2019/20 from 71.5 MMT to 70 MMT and pegged the previous marketing year total at 83.605 MMT. Brazil’s soybeans harvest is about 57 percent complete. Approximately 95 percent of the soybeans have been harvested in Mato Grosso versus only 8 percent in Rio Grande do Sul. In some states that have had persistent recent rainfall (e.g., Minas Gerais), farmers indicate there have been...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn Falls, Soyoil Rallies on Trump Tariff Plans; Hogs Hit New Highs

News from Washington continued to be the primary driver of CBOT price action again on Tuesday, with most of the day’s action coming from plans for new import tariffs from President-elect Trump. The other news from Washington is the USDA APHIS’ ban on live cattle imports from Mexico, due to the...

Channeling Hamilton; Gastronationalism Gone Awry; Science Reverts to Nonpartisan; Black Friday Deals

Channeling HamiltonAlexander Hamilton, the first U.S. Secretary of the Treasury, encouraged the Tariff Act of 1789, the Tariff Act of 1790, and the Tariff Act of 1792. He used tariffs to fund the government and protect domestic industries from British exports. President-elect Trump has pledged...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2/bushel, down $0.0475 from yesterday's close. Mar 25 Wheat closed at $5.58/bushel, up $0.0225 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, down $0.0225 from yesterday's close. Jan 25 Soymeal closed at $291.4/short ton, down $4.5 from...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Falls, Soyoil Rallies on Trump Tariff Plans; Hogs Hit New Highs

News from Washington continued to be the primary driver of CBOT price action again on Tuesday, with most of the day’s action coming from plans for new import tariffs from President-elect Trump. The other news from Washington is the USDA APHIS’ ban on live cattle imports from Mexico, due to the...

Channeling Hamilton; Gastronationalism Gone Awry; Science Reverts to Nonpartisan; Black Friday Deals

Channeling HamiltonAlexander Hamilton, the first U.S. Secretary of the Treasury, encouraged the Tariff Act of 1789, the Tariff Act of 1790, and the Tariff Act of 1792. He used tariffs to fund the government and protect domestic industries from British exports. President-elect Trump has pledged...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2/bushel, down $0.0475 from yesterday's close. Mar 25 Wheat closed at $5.58/bushel, up $0.0225 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, down $0.0225 from yesterday's close. Jan 25 Soymeal closed at $291.4/short ton, down $4.5 from...

energy

Energy Outlook

The U.S. Energy Information Administration (EIA) released its short-term energy outlook (STEO) earlier this month, with outlooks for crude oil, natural gas, and propane. The price outlook is for lower crude prices, higher for natural gas, and flat for propane in the Midwest, and slightly lower...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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