World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Oil Drags CBOT Lower; Hogs Hit New Highs; Cattle Rise After Report

The CBOT was mostly lower for the day with the sharp decline in crude oil futures dragging soyoil, the broader soy complex, and corn and wheat lower. There was little fresh fundamental news to guide commodity futures for the day, which gave the oil market’s plunge an outsized influence on ag futures. USDA reported more daily “flash” export sales for corn, but the market has tired from this news a bit and now seems to be waiting for the November WASDE before pricing in additional, large demand shifts. Funds were net sellers for the day in grains and oilseeds but were solid buyers in the livestock markets as strong beef and pork demand support cattle and hog futures. The weekly Export Inspections report was generally friendly for the gra...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

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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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