World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Short Corn, Long Soyoil

GOOD MORNING, This week is likely to feature more positioning in front of the November 8 WASDE report, to be released at 11:00 central time.   Funds liquidated more bean length last week, and added to corn short positions.  Look for more analysts trying to hone in on production and yield expectations.  To that end, IEG Vantage raised their corn yield slightly to 168.6 bpa. vs. 167.5 bpa in the prev. report, which increased production to 13.792 bln bu vs. the prev. report at 13.695 bln bu.  IEG Vantage estimated the bean yield to be slightly higher at 47.0 bpa vs. 46.5 bpa, with total production at 3.553 bln bu.    Trade negotiations drag on, but the trade seems to be focusing on statements from the Chine...

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feed-grains soy-oilseeds wheat

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Pork export sales for the week ending 26 June slowed, following the large volume booked the previous week. However, in the last five weeks pork export sales have averaged over 30,000 MT per week. That is strong for this time of year. Outstanding pork sales at 202,497 MT are running about 10 per...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day But a Strong Week, And More Ahead

It was the last trading day of a shorter trading week that provided lots of inputs. It started with the Acreage and Quarterly Stocks reports, which changed little but they did confirm expectations. Weather continues to point toward ample crop supplies. President Trump teased there is a trade de...

U.S. July Fourth Holiday

Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...

livestock

Livestock Roundup: China Impact on Red Meat Markets

Pork export sales for the week ending 26 June slowed, following the large volume booked the previous week. However, in the last five weeks pork export sales have averaged over 30,000 MT per week. That is strong for this time of year. Outstanding pork sales at 202,497 MT are running about 10 per...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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