World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Soyoil Leads the Day

SPREADS May crush trades firmer to 64.43c/bu while oilshare trades higher to 37.41%.  July/Nov bean inverses firm again up to 1.70 3/4c from 1.67c, while May/July congests from 15 1/2c up to 17 1/2c.  July/Dec meal trades from $38.90 to $39.80.  July/Dec corn trades from 48 1/4c to 50 1/2c, while May/July weakens from 12 1/4c down to 10 1/2c.   PALM OIL May closed up 47 ringgits to 3,725 ringgit/mt NEWS Stocks have moved higher up 49 pts from lower.  Crude oil prices move up to $62.70/barrel with the US dollar trading up to 91.21. CALLS Calls are as follows: beans:  5-7 higher meal:  1.30-1.80 higher soyoil:  40-50 higher corn:  2 1/2-3 lower wheat:  3 1/2-5 lower BUSINESS...

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feed-grains soy-oilseeds wheat

Market Commentary: Corrections from Oversold/Overbought, Big Crops, Facts and Rumors

There was again a lot to unpack in today’s trade action, and not all of it was pretty. Big Crops: There is no getting around the fact that favorable weather for the most part is leading to big crops. Conab raised its soybean estimate to 169 MMT, now just 1 MMT below USDA. The Wheat Qualit...

livestock

Livestock Round Up: Cattle Shortage Still Affecting Prices

Cattle supply still matters. USDA has announced the suspension of live cattle, horse, and bison imports from Mexico due to recent detections of New World Screwworm (NWS) in southern Mexico. Economic fundamentals, such as tight cattle supplies, still play a role in supporting prices in the outly...

soy-oilseeds

Oilseed Highlights: RVO Rumors Sink Soyoil; Sesame Demand Slows

The Market  There were four big “stories” for oilseeds markets to follow this past week: the U.S.-China trade negotiations, the May WASDE report, news that the U.S. Congress may be planning to extend the 45Z tax credits, and Thursday’s rumors that the EPA may be undercutt...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections from Oversold/Overbought, Big Crops, Facts and Rumors

There was again a lot to unpack in today’s trade action, and not all of it was pretty. Big Crops: There is no getting around the fact that favorable weather for the most part is leading to big crops. Conab raised its soybean estimate to 169 MMT, now just 1 MMT below USDA. The Wheat Qualit...

livestock

Livestock Round Up: Cattle Shortage Still Affecting Prices

Cattle supply still matters. USDA has announced the suspension of live cattle, horse, and bison imports from Mexico due to recent detections of New World Screwworm (NWS) in southern Mexico. Economic fundamentals, such as tight cattle supplies, still play a role in supporting prices in the outly...

soy-oilseeds

Oilseed Highlights: RVO Rumors Sink Soyoil; Sesame Demand Slows

The Market  There were four big “stories” for oilseeds markets to follow this past week: the U.S.-China trade negotiations, the May WASDE report, news that the U.S. Congress may be planning to extend the 45Z tax credits, and Thursday’s rumors that the EPA may be undercutt...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.455/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.2475/bushel, up $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.7775/bushel, up $0.0525 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $1.4 fro...

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