World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Scores New Highs; Soybeans Rally on China Buying Rumors; Cattle Fall on Weak Cash Trade

The CBOT traded a generally bullish day with wheat futures forging a classic bullish day on the charts. Wheat futures opened higher, traded sharply lower to test support in yesterday’s chart gap, then settled higher after forging new contract highs. World wheat risks abound, and the only bearish concern seems to be what the Wheat Quality Tour will project for the HRW crop this week. Soybeans joined wheat on the rally as rumors abound (without USDA confirmation, so far) that China is again securing U.S. oilseeds. Monday’s NOPA crush report was also supportive and between $3 crush margins and likely Chinese buying, the market is pricing in further reductions in U.S. 2021/22 carry-out.  Drought is a word increasingly common a...

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feed-grains soy-oilseeds wheat

Does Bias in CONAB’s Forecasts Imply Even Bigger Crops?

CONAB recently released its first forecasts for the 2025/26 corn, soybean, and wheat crops (among others) and pegged production for the first two at massive levels. The soybean crop was forecast at a record 177.6 MMT, up sharply from the prior year and easily the largest on record due to expand...

feed-grains soy-oilseeds wheat

Market Commentary: Trump Tweet Can’t Sustain Soyoil Rally; Corn Firms on Yield Concerns

President Trump’s tweet about possibly restricting used cooking oil imports from China and more yield concerns for Midwest corn crops created mixed trade at the CBOT Wednesday. Soyoil, corn, and soymeal all pushed higher in a combination of technical and fundamentally-driven trade with co...

Sorry Soy; Strategy for Generational Rebuttal

Sorry Soy Thomas Suddes, a reporter for The Plain Dealer cutely writes that Trump’s bubble-gum-and-twine trade “policy” has wrecked America-to-China soybean sales. He is correct that the current Sino-American trade war has ended U.S. soybean sales to the Middle Kingdom, someth...

feed-grains soy-oilseeds wheat

Does Bias in CONAB’s Forecasts Imply Even Bigger Crops?

CONAB recently released its first forecasts for the 2025/26 corn, soybean, and wheat crops (among others) and pegged production for the first two at massive levels. The soybean crop was forecast at a record 177.6 MMT, up sharply from the prior year and easily the largest on record due to expand...

feed-grains soy-oilseeds wheat

Market Commentary: Trump Tweet Can’t Sustain Soyoil Rally; Corn Firms on Yield Concerns

President Trump’s tweet about possibly restricting used cooking oil imports from China and more yield concerns for Midwest corn crops created mixed trade at the CBOT Wednesday. Soyoil, corn, and soymeal all pushed higher in a combination of technical and fundamentally-driven trade with co...

Sorry Soy; Strategy for Generational Rebuttal

Sorry Soy Thomas Suddes, a reporter for The Plain Dealer cutely writes that Trump’s bubble-gum-and-twine trade “policy” has wrecked America-to-China soybean sales. He is correct that the current Sino-American trade war has ended U.S. soybean sales to the Middle Kingdom, someth...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1675/bushel, up $0.0375 from yesterday's close.  Dec 25 Wheat closed at $4.9875/bushel, down $0.015 from yesterday's close.  Nov 25 Soybeans closed at $10.065/bushel, up $0 from yesterday's close.  Dec 25 Soymeal closed at $275.9/short ton, up $1.6 from y...

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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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