World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

It was mostly a day in the red as coronavirus anxiety continues to haunt investors. Fear of betting against calamity is understandable since a story of outright disaster is easy to imagine. Rabobank predicts another four months of supply chain disruptions except that both nearby and more distant futures contracts are bearing losses. In the SRW contract, at one point today, nine SRW contracts were in the red but July 2021 showed a modest gain on small volume. By the end of the day, it was only the distant contracts losing value. UNCTAD says that China’s exports of manufactured goods will be down $50 billion this year. The effects of COVID-19 will reverberate through the global economy for many months to come. One notable observation i...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...

feed-grains soy-oilseeds wheat

Market Commentary: Good Weather, Unknown Trading Relations, Positioned for Monday

It was another day of trading in the green in the overnight for grains and the soy complex only to fail following through in the day session for wheat and soymeal. All major ags opened higher but soymeal quickly reversed, and all three wheats headed south about an hour into the session. Monday&...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.4975/bushel, up $0.0225 from yesterday's close.  Jul 25 Wheat closed at $5.2175/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.5175/bushel, up $0.0675 from yesterday's close.  Jul 25 Soymeal closed at $294.1/short ton, down $0...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...

feed-grains soy-oilseeds wheat

Market Commentary: Good Weather, Unknown Trading Relations, Positioned for Monday

It was another day of trading in the green in the overnight for grains and the soy complex only to fail following through in the day session for wheat and soymeal. All major ags opened higher but soymeal quickly reversed, and all three wheats headed south about an hour into the session. Monday&...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.4975/bushel, up $0.0225 from yesterday's close.  Jul 25 Wheat closed at $5.2175/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.5175/bushel, up $0.0675 from yesterday's close.  Jul 25 Soymeal closed at $294.1/short ton, down $0...

Trade Deal with UK

Yesterday, President Trump announced from the Oval Office a trade deal “in principle” with the UK, the first of its kind following the reciprocal tariffs imposed by the U.S. While details are still lacking, according to the Administration, the agreement includes increased market acc...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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