World Perspectives
soy-oilseeds

Oilseed Highlights: Big Crop Gets Bigger

The Market Soybeans had been rebounding from last Friday’s new contract low but news from the Pro Farmer crop tour of seeing record high pod counts caused a 20-cent plunge today in the November contract. Not only has the weather been sublime but pressure from pests and weeds are reportedly minimal. This despite four straight days of flash sales to China and over all new crop sales reflecting the benefits of being the lowest priced world supplier. Technically, November soybeans are still trading higher for the week but that is unlikely to last under the prospect of a record crop. Both export and domestic crush demand are strong with crush margins estimated at between $2.40 and $2.60/bushel. Trading volume in soymeal and soyoil is l...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, down $0.065 from yesterday's close.  Dec 25 Wheat closed at $5.355/bushel, down $0.1925 from yesterday's close.  Jan 26 Soybeans closed at $11.075/bushel, down $0.2675 from yesterday's close.  Dec 25 Soymeal closed at $312.7/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections Lower, and Maybe Yet Lower

There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation. Soybeans, meal, and wheat have all been overbought with high RSI’s. ...

livestock

Livestock Roundup: U.S. and Global Beef Markets

USDA confirmed last Friday, 31 October, that despite the shutdown several key reports will be issued, including the November Cattle on Feed report, scheduled for 21 November.  There will be no data from the October report, but that information could be available through the month-to-month...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, down $0.065 from yesterday's close.  Dec 25 Wheat closed at $5.355/bushel, down $0.1925 from yesterday's close.  Jan 26 Soybeans closed at $11.075/bushel, down $0.2675 from yesterday's close.  Dec 25 Soymeal closed at $312.7/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections Lower, and Maybe Yet Lower

There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation. Soybeans, meal, and wheat have all been overbought with high RSI’s. ...

livestock

Livestock Roundup: U.S. and Global Beef Markets

USDA confirmed last Friday, 31 October, that despite the shutdown several key reports will be issued, including the November Cattle on Feed report, scheduled for 21 November.  There will be no data from the October report, but that information could be available through the month-to-month...

feed-grains soy-oilseeds

Historic Trends in USDA’s November Crop Production Report

Heading into next week’s (mercifully) planned USDA Crop Production and WASDE reports, a key focus of the markets has been forecasting the agency’s yield numbers.  Over the past five years, USDA has exhibited a tendency to reduce its forecast of the corn and soybean yield, harve...

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