World Perspectives
feed-grains

AM Outlook - Grains Over Beans

GOOD MORNING, Prices started the PM session lower with corn prices slowly recovering led by wheat.    Harvest proceeds forward as trading volumes are light.  China is on holiday this week for Golden Week, which will add to fund control.  Egypt announced an October 5 deadline for 30,000 mt of soyoil and 10,000 mt of sunflower oil. Beans continue to lose more vs. corn, trading into five-month lows.  Lower bean prices may suggest to the farmer to plant more corn next year.  The bean /corn ratio may slowly have the mission now to tick up in favor of corn given the USDA Sep 30 stocks number and better harvest potential for beans. A 250 mln bu bean carry-out is comfortable as is the rising stocks-to-use ratio. ...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Ends Lower as Slow Export News Overrides Black Sea Tensions

The CBOT was mostly lower at mid-week with the threat of Russian attacks on Ukrainian vessels and ag infrastructure taking a backseat to the lack of export news, particularly from China. Corn, wheat, and soybeans all settled in the red for the day with soybeans leading the downside move on anot...

Waste Energy; Selective Protectionism

Waste Energy The cudgel held over agriculture-based feedstocks has typically been indirect land use. The U.S. biofuel industry is currently battling with California regulators over its calculation. Works in Progress editor Samuel Hughes identifies land use restrictions as newly common across al...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.435/bushel, down $0.065 from yesterday's close.  Mar 26 Wheat closed at $5.3825/bushel, down $0.0275 from yesterday's close.  Jan 26 Soybeans closed at $11.1575/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $311.3/short ton, down $0...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Ends Lower as Slow Export News Overrides Black Sea Tensions

The CBOT was mostly lower at mid-week with the threat of Russian attacks on Ukrainian vessels and ag infrastructure taking a backseat to the lack of export news, particularly from China. Corn, wheat, and soybeans all settled in the red for the day with soybeans leading the downside move on anot...

Waste Energy; Selective Protectionism

Waste Energy The cudgel held over agriculture-based feedstocks has typically been indirect land use. The U.S. biofuel industry is currently battling with California regulators over its calculation. Works in Progress editor Samuel Hughes identifies land use restrictions as newly common across al...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.435/bushel, down $0.065 from yesterday's close.  Mar 26 Wheat closed at $5.3825/bushel, down $0.0275 from yesterday's close.  Jan 26 Soybeans closed at $11.1575/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $311.3/short ton, down $0...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 21 October. The data are, obviously, delayed due to the 40-day 2025 U.S. government shutdown. While the positions below likely have little influence on today's markets or fund positioning...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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