World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Sept Wheat Big Open Interest

SPREADS Sep crush firms back to 98c/bu while oilshare eases off its monthly highs to trade to 31.78 percent.   September contract liquidation continues, with deferred spreads widening out for corn.  Dec/March trades out to 10c from 9 1/2c.  The Dec/Dec inverse weakens below 10c to trade back to 9 1/2c.   Sep/Dec corn firms into 8 1/2c from 9c while Sep/Dec wheat trades from 7 1/4c to 7 3/4c.  September wheat still holds the largest amount of open interest for now, at 172,710 contracts vs. Dec at 114,342 contracts.  September open interest was down 4,931 contracts suggesting long liquidation.  December corn open interest stands at 528,334 vs. Dec at 747,697 contracts.  Most of the spread tr...

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feed-grains soy-oilseeds wheat

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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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