World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Soyoil's Turn to Dip

GOOD MORNING, Prices found early strength at the open on a follow-through comeback for July corn which closed unchanged after opening sharply lower yesterday.  However, currently deeper losses in soyoil futures are weighing on beans as traders continue to unwind previous buy soyoil/sell meal trade.  Soyoil futures were lower on the Argentine chatter that they will increase soyoil exports for biofuel, and lower demand from India which continues to contend with covid.   Kansas City wheat futures are under pressure as more reports of good yields surface from the Kansas City Wheat Quality Tour.  Crop scouts found that projected HRW wheat in the southwestern portion of the state at 56.7 bpa vs. 47.6 bpa in 2019. ...

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feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.06/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.49/bushel, up $0.1075 from yesterday's close.  Nov 25 Soybeans closed at $10.2725/bushel, up $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $287.6/short ton, down $1.7 f...

livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is closing several collection centers for this year’s wheat crop due to a drop in available wheat for purchase. At the end of last week, the total government purchases were at a little over 3.9 MMT against the governme...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.06/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.49/bushel, up $0.1075 from yesterday's close.  Nov 25 Soybeans closed at $10.2725/bushel, up $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $287.6/short ton, down $1.7 f...

livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is closing several collection centers for this year’s wheat crop due to a drop in available wheat for purchase. At the end of last week, the total government purchases were at a little over 3.9 MMT against the governme...

Prop 12 Lives, Long Live Prop 12; Power of Ag; Trump Power

Prop 12 Lives, Long Live Prop 12 Delineating the Supremacy Clause of the U.S. Constitution from the rights of the states has long been a legal fight in the U.S. Thus, it was notable last night when the U.S. Senate voted 99-1 to remove language from the Big Beautiful Bill that would have restric...

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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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