World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Wheat Falls of its Own Weight

GOOD MORNING, Prices are mostly defensive this morning but still in recent trading ranges.  Last week’s price movements is requiring position-evening this week, with shorts lightening up.  Funds purchased soyoil futures as a hedge against a mostly even to short board.  Funds still carry a short meal/long soyoil position heading into Thursday's numbers.  Volumes were extremely low with about half of it now going to spread trade.  This is day 2 of the Goldman roll, where index funds buy January contactrs and sell November.   WEATHER The coldest air of the season crosses this week, with a winter storm moving down from Canada, which will be centered on the Dakotas.  Crop ratings were released, an...

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Macroeconomic Updates Argentina saw a shortened trading week, with no markets last Thursday and Friday. It was also the first week of trading under the new exchange rate regulations, so it took the markets a few days to adjust. Regarding the official exchange rate, it opened on Monday...

feed-grains soy-oilseeds

2025/2026 Trade Update

Almost none of the primary U.S. grain or oilseed offerings have made a solid start to 2025-26, as export sales for the upcoming marketing year are largely near multi-year lows. This is not yet a huge problem since the typical buying periods for the season’s supplies are mostly still in th...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report was consistent with expectations in that it showed managed money traders becoming dedicated net buyers across nearly every major ag market, with the notable exception of cattle futures. The buying was most notable in soybeans where, despite the trade war, funds flippe...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Macroeconomic Updates Argentina saw a shortened trading week, with no markets last Thursday and Friday. It was also the first week of trading under the new exchange rate regulations, so it took the markets a few days to adjust. Regarding the official exchange rate, it opened on Monday...

feed-grains soy-oilseeds

2025/2026 Trade Update

Almost none of the primary U.S. grain or oilseed offerings have made a solid start to 2025-26, as export sales for the upcoming marketing year are largely near multi-year lows. This is not yet a huge problem since the typical buying periods for the season’s supplies are mostly still in th...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report was consistent with expectations in that it showed managed money traders becoming dedicated net buyers across nearly every major ag market, with the notable exception of cattle futures. The buying was most notable in soybeans where, despite the trade war, funds flippe...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 4-10, 2025.  Wheat: Net sales of 76,500 metric tons (MT) for 2024/2025 were down 29 percent from the previous week, but up 2 percent from the prior 4-week average. Export shipments of 483,500 MT were up 43 percent from the previous week and 11 percent f...

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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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