World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Testing the New Lows

SPREADS  October crush trades top 1.06c/bu while oilshare trades to 31.94 percent.  Traders continue to buy soyoil/sell meal.   Dec19/Dec 20 corn now trades at a 2 3/4c to 5 1/4c carry from an inverse that once reached 52c.  Dec/March corn trades from 10 1/2c to 10 3/4c.  Dec wheat/corn trades from 79 3/4c to 77 1/2c.   Nov/Jan beans trade from 13 1/4c to 13 1/2c while Dec/March meal trades out to $5.40 from $5.30.   NEWS Stocks are less red today. Crude oil places new highs at $55.53/barrel after breaking hard yesterday, with the US dollar undergoing a round of profit-taking.   CALLS beans: 5-6 higher meal:  1.80-2.00 higher soyoil:  10-12 higher corn:  &nbs...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day But a Strong Week, And More Ahead

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Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...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

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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

It was the last trading day of a shorter trading week that provided lots of inputs. It started with the Acreage and Quarterly Stocks reports, which changed little but they did confirm expectations. Weather continues to point toward ample crop supplies. President Trump teased there is a trade de...

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Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...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