World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Chop, Chop, Chop

GOOD MORNING, Prices started the session mainly mixed but turning two-sided during the overnight hours.  Funds were net sellers yesterday as prices chop back and forth.  The funds are now estimated to have increased their wheat length to around 10K, while long 235K corn.  Funds are estimated to be long 85K beans, 15K meal, and 60K soyoil. Weather patterns continue to be the same, with the western Corn Belt in dryness while the east continues to see mostly beneficial weather.  Higher bean crop ratings this week keeps the bull off the mark, while traders feel that corn is moving through pollination successfully, at least in the south and the eastern Corn Belt.   Beans:  Slower crush rates and higher soyoi...

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feed-grains soy-oilseeds wheat

Market Commentary: Unmoved and Uncertain

It was the third straight day of flash soybean sales to China. The IGC tightened global soybean balances. The morning’s USDA’s export sales report showed corn and wheat ahead of last year. The September employment report showed substantially larger gains than expected. Stocks opened...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

CBOT board soybean crush margins have been volatile over the past two months due to rapidly changing political and export outlooks as well as shifting global supply expectations. In mid-October, the January crush margin hit a rally high of 155 cents/bushel before it dropped to a contract low of...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.265/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.4075/bushel, down $0.0875 from yesterday's close.  Jan 26 Soybeans closed at $11.225/bushel, down $0.1375 from yesterday's close.  Dec 25 Soymeal closed at $314/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Unmoved and Uncertain

It was the third straight day of flash soybean sales to China. The IGC tightened global soybean balances. The morning’s USDA’s export sales report showed corn and wheat ahead of last year. The September employment report showed substantially larger gains than expected. Stocks opened...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

CBOT board soybean crush margins have been volatile over the past two months due to rapidly changing political and export outlooks as well as shifting global supply expectations. In mid-October, the January crush margin hit a rally high of 155 cents/bushel before it dropped to a contract low of...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.265/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.4075/bushel, down $0.0875 from yesterday's close.  Jan 26 Soybeans closed at $11.225/bushel, down $0.1375 from yesterday's close.  Dec 25 Soymeal closed at $314/short ton, down $4...

livestock

Livestock Round Up: HPAI Vaccine and Trade Concerns

The Indiana State Board of Animal Health (BOAH) reports that the most recent cases of HPAI have been confirmed on two commercial broiler operations, two commercial meat duck facilities, and one commercial breeder duck operation in LaGrange and Elkhart Counties. On February 8, 2022, HPAI was ini...

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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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