World Perspectives
feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The major finding of Friday’s CFTC report was the confirmation that funds have officially flipped their formerly massive net short in corn to a net long. After buying back nearly 40,000 contracts last week, funds now sit long 3,035 contracts as of 5 November, a position which was extended significantly last week. Funds’ move to the long side of the corn market indicates the seasonal lows in the corn market were made back in August and the outlook now is for the seasonal grind higher to commence. While funds were committed net buyers in corn...

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livestock

Livestock Industry Margins

Beef packer margins strengthened for the fourth straight week and posted one of their largest weekly gains of the year. Margins rose $42/head to $57 as fed cattle prices slipped another $4/cwt and the cutout held near recent highs. The move pushed packer profits to their firmest levels since ea...

FOB Prices and Freight Rates App (Updated 19 November)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Market Commentary: Sell The Fact Trade Drives Turnaround Tuesday

The big news in commodity markets Tuesday was USDA’s confirmation that China purchased nearly 800 KMT of soybeans from the U.S. on Monday. That news was corroborated by news stories saying China booked over 20 cargoes from the PNW and Gulf with basis levels rising in both locations as if...

livestock

Livestock Industry Margins

Beef packer margins strengthened for the fourth straight week and posted one of their largest weekly gains of the year. Margins rose $42/head to $57 as fed cattle prices slipped another $4/cwt and the cutout held near recent highs. The move pushed packer profits to their firmest levels since ea...

FOB Prices and Freight Rates App (Updated 19 November)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Market Commentary: Sell The Fact Trade Drives Turnaround Tuesday

The big news in commodity markets Tuesday was USDA’s confirmation that China purchased nearly 800 KMT of soybeans from the U.S. on Monday. That news was corroborated by news stories saying China booked over 20 cargoes from the PNW and Gulf with basis levels rising in both locations as if...

AI Beats Techphobia; Copout 30; Regional Competition

AI Beats Techphobia Germany and France are now seeking delays in implementing the EU’s AI Act and its effort to restrain high-risk artificial intelligence systems. Fear of being left behind prompted French President Emmanuel Macron to argue it is necessary “to use this time in order...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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