World Perspectives
feed-grains

PM Post - Macro Sell-off

THE OPEN Nov beans:  10 lower Dec meal;  2.30 lower Dec soyoil:  52 lower Dec corn:  2 1/2 lower Dec wheat:  3 3/4 lower The markets opened as called but quickly moved lower as funds turned sellers into an open harvest weekend.   Most commodities outside grains are also trending weaker, which is making this a macro-sell side.   IHS Market released new acreage estimates based on the latest Farm Service Agency numbers:

Corn acreage:  increasing by 420,000 acres from the USDA's Sep. crop report to 93.7 mln for 2021; production:  15,046 mln bu Soybean acreage:  increasing by 150,000 acres from the USDA's Sep. crop report to 87.5 mln for 2021; production:  4,381 mln bu...

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livestock

Livestock Industry Margins

Beef packer margins turned positive for the first time since late last year as returns improved to $53/head last week. The turnaround was driven by a strong increase in the boxed beef cutout, which rose to $388.16/cwt, while fed cattle prices declined further on the week. The threat of the labo...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

As quickly as it began, the U.S.-Iran war-fueled rally in commodity markets looks to be ending. Over the weekend and through Monday, several reports came in that highlighted political efforts to resume vessel traffic through the Strait of Hormuz. Perhaps most important was news that President T...

livestock

Livestock Industry Margins

Beef packer margins turned positive for the first time since late last year as returns improved to $53/head last week. The turnaround was driven by a strong increase in the boxed beef cutout, which rose to $388.16/cwt, while fed cattle prices declined further on the week. The threat of the labo...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

As quickly as it began, the U.S.-Iran war-fueled rally in commodity markets looks to be ending. Over the weekend and through Monday, several reports came in that highlighted political efforts to resume vessel traffic through the Strait of Hormuz. Perhaps most important was news that President T...

China Ag Purchases; Tariffs and More

China Ag Purchases The market reacted today to suggestions that President Trump will delay his planned trip to China at the end of the month due to the war in Iran. The excuse is somewhat of a surprise considering this President is usually hyper-multitasking. Soybean investors took it hard, but...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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