World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Soy Complex Gains on Grains

NOTE: Technical Perspectives from WPI will not be published on May 28, 2021. Good morning -  Prices traded higher overnight led by soyoil, which stabilized bean trade. Soybean bull spreads are working again, finding support after Monday's selloff. Morning trends feature beans gaining on corn, and soyoil on meal, as traders buy oilshare.  Demand for corn and beans remains good. Corn needs to average 61 Mbu of exports per week to match the USDA projected 2.775 Bbu forecast, while soybeans need just over 15 Mbu weekly to match USDA's 2.280 Bbu. Wheat exports stand at 917 Mbu with the USDA projecting a 965 Mbu export program, which could fall short.  World cash basis levels are steady/firm for corn, but soybean premi...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Once again, the major finding of Friday’s CFTC report is that funds still remain solidly bullish corn and added another 7 percent to their long position in that market. That was particularly impressive as the week ending 19 November (the reporting deadline for the CFTC report) included days wit...

feed-grains soy-oilseeds wheat

Market Commentary: Black Sea Instability and Trade War Influences

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feed-grains soy-oilseeds wheat

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Regional News Eastern Ukraine and southern Russia remain unseasonably warm and dry, though the regions received beneficial rains at the end of last week. The Balkans saw unusually heavy rainfall from the same storm system. Polish protesters are planning on blocking the border with Ukr...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

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feed-grains soy-oilseeds wheat

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livestock

Cattle on Feed Report

USDA released the monthly Cattle on Feed report today. Once again, placements surprised to the upside compared to pre-report analysts’ consensus expectations. The total cattle on feed inventory was 11.986 million head, which was slightly above last year’s 11.956 million head. Total feedlot inve...

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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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