World Perspectives
feed-grains soy-oilseeds wheat

Sideways and Testing New Highs

SPREADS Sep crush is lower again today, trading down to 95c/bu while oil trends weaker as well, trading down to 30.95 percent.    The Dec/Dec corn inverse is higher again after breaking sharply lower into the July WASDE, with values yesterday at 19c, but bouncing up to a 30 3/4c high.  Sep/Dec corn narrows into 3 1/4c from 4c.  July/Sep meal narrows into $4.60 from $4.80, as August/Nov beans stay the course from 18c to 18 1/2c.  Sep wheat/corn trades from 75 1/2c to 72 1/2c. PALM OIL - August is down 1 ringgit NEWS The Dow is up again with the PPI rising slightly by 0.1% in June from a month earlier, as reported by the Labor Dept.   Crude oil is firmer today trading up to $60.74/barrel as Barry hits th...

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feed-grains soy-oilseeds wheat

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livestock

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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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U.S. July Fourth Holiday

Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...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

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

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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