World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Not as Long as Before

THE OPEN July beans:  46 lower July meal:  9.50 lower July soyoil:  340 lower July corn:  26 lower July wheat:  21 lower Prices opened lower as expected, hitting low end price targets before seeing some short-covering and stabilizing trade.   Oilshare firmed again with spreads firming as well.  End-users were noted taking advantage of this extreme weakness in order to get something covered.  Many other soft commodities such as sugar were also lower.   At 10:00 export inspections were as follows: beans:  128,092 mt vs. 239,384 mt week ago (vs. an expected 150-300,000 mt) wheat:  480,341 mt vs. 493,638 mt week ago (vs. an expected 275-500,000 mt) corn:    1,5...

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livestock

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Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145/head to –$75 as fed cattle prices rebounded $7/cwt (live basis), while the Choice cutout slipped nearly $7/cwt. The rapid compression...

FOB Prices and Freight Rates App (Updated 17 December)

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feed-grains soy-oilseeds wheat

Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers

Each year, the Chinese zodiac calendar features one animal to mark and typify the coming 365 days. If that process were applied to CBOT trade, Tuesday would have been the “day of the bear”, with all major grain markets ending in the red. The only specific trigger was the bearish NOP...

livestock

Livestock Industry Margins

Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145/head to –$75 as fed cattle prices rebounded $7/cwt (live basis), while the Choice cutout slipped nearly $7/cwt. The rapid compression...

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feed-grains soy-oilseeds wheat

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softs

Bearish Sugar Prices to Continue Despite Production Increases

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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