World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Reversal is the CBOT’s word of the day. Grain markets started out weaker overnight as concerns about the trade war with China deepened. Over the weekend, the yuan traded sharply lower as the Chinese government is likely manipulating its currency to defend against the latest round of Trump tariffs. Corn finished the overnight session down 7.25 cents, and soybeans fell to double-digit losses. Commodity markets were generally in a bad mood at the opening bell and quickly move lower. Notably, lean hog futures came under massive selling pressure, and at one point, all but the first two listed contracts were trading $4.50/cwt lower (daily trading limits were expanded based on Friday’s close).  The selling didn’t last too l...

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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

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Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...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

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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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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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