World Perspectives
wheat farm-inputs

Technical Views - Meal Correction Upwards

SPREADS September KC/Chicago spreads moved to new contract lows yesterday.  KC wheat/corn spreads moved back to levels conducive to putting HRW back into feed.  October crush firms to 1.07c/bu while oilshare firms to new highs at 33 percent.   Dec/March corn trades from 10c to 10 1/4c while Dec 19/20 trades from a 3c to 5 1/2c inverse.  Sep/Dec meal trades from $5.10 to $5.30.  Dec wheat/corn trades from 84 3/4c to 80c.   PALM OIL  Closed up 41 ringgits for October. NEWS Stocks are lower this morning off 80 pts with crude oil firmer at $53.75/barrel and the US dollar weaker at 97.49.  US June PPI final demand was left unchanged at +0.1 percent. CALLS Calls are higher across the board...

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Livestock Industry Margins

Beef packer margins deteriorated further, falling to -$129/head last week, down $38 from the prior week as a continued seasonal softening in the Choice cutout pressured returns. The cutout declined to $382/cwt, extending its post–Easter pullback, while fed cattle prices held near $248/cwt...

feed-grains soy-oilseeds wheat

Market Commentary: SOH Confusion Persists, but Ags Focus on Weather, Exports

The situation in the Persian Gulf remains as volatile as ever since it started on 28 February with a supposed weekend peace agreement dissolving into the U.S. Navy firing upon an Iranian vessel. The vessel was trying to pass through the Strait of Hormuz and reportedly did not heed commands to h...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.52/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.06/bushel, up $0.0675 from yesterday's close.  May 26 Soybeans closed at $11.6575/bushel, down $0.015 from yesterday's close.  Jul 26 Soymeal closed at $321.2/short ton, down $6 from...

livestock

Livestock Industry Margins

Beef packer margins deteriorated further, falling to -$129/head last week, down $38 from the prior week as a continued seasonal softening in the Choice cutout pressured returns. The cutout declined to $382/cwt, extending its post–Easter pullback, while fed cattle prices held near $248/cwt...

feed-grains soy-oilseeds wheat

Market Commentary: SOH Confusion Persists, but Ags Focus on Weather, Exports

The situation in the Persian Gulf remains as volatile as ever since it started on 28 February with a supposed weekend peace agreement dissolving into the U.S. Navy firing upon an Iranian vessel. The vessel was trying to pass through the Strait of Hormuz and reportedly did not heed commands to h...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.52/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.06/bushel, up $0.0675 from yesterday's close.  May 26 Soybeans closed at $11.6575/bushel, down $0.015 from yesterday's close.  Jul 26 Soymeal closed at $321.2/short ton, down $6 from...

Aid versus Trade; Idealism versus Competition; AI and Ag; Untethered Presidency

Aid versus Trade Development assistance has a long and unsatisfying history. The causes of poverty were long ago identified as poor governance and the lack of rule of law. But the UN could not criticize the national leaders that form its membership, and so for decades development assistance has...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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