World Perspectives
feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Last week’s CFTC report showed some interesting an unexpected trends. First, despite the technical bounce in corn futures, funds cut 36 percent of their long (74,000 contracts) and are now long just 132,000 contracts, or less than half of their position just a few weeks ago. That rapid liquidation of the position does not bode well for the market heading into planting season.  Less surprising but still unexpected was ...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Dry Plains Weather; Cattle Futures Hit New Records

The CBOT saw wheat lead the way higher as traders are increasingly concerned about dry weather in the U.S. Southern Plains, as well as parts of the Black Sea. That strength spilled over into corn and soybeans a little bit, but neither of those markets could sustain any meaningful rallies. Fresh...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  May 25 Soybeans closed at $10.155/bushel, down $0.005 from yesterday's close.  May 25 Soymeal closed at $304.3/short ton, down $1.6 from...

Budget Deal Made Just in Time

The House of Representatives and the U.S. Senate have both passed the full-year Continuing Appropriations Act, which would fund the government under a continuing resolution (CR) for the remainder of fiscal year (FY) 2025. The Congressional Budget Office (CBO) estimates that this bill would set...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Dry Plains Weather; Cattle Futures Hit New Records

The CBOT saw wheat lead the way higher as traders are increasingly concerned about dry weather in the U.S. Southern Plains, as well as parts of the Black Sea. That strength spilled over into corn and soybeans a little bit, but neither of those markets could sustain any meaningful rallies. Fresh...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  May 25 Soybeans closed at $10.155/bushel, down $0.005 from yesterday's close.  May 25 Soymeal closed at $304.3/short ton, down $1.6 from...

Budget Deal Made Just in Time

The House of Representatives and the U.S. Senate have both passed the full-year Continuing Appropriations Act, which would fund the government under a continuing resolution (CR) for the remainder of fiscal year (FY) 2025. The Congressional Budget Office (CBO) estimates that this bill would set...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn Harvest Progress and Crop Conditions Rain has slowed the corn harvest across much of Argentina’s central region, with progress advancing just 1.4 percentage points over the past week. So far, 8.1 percent of the national total has been harvested, surpassing last season’s pace by...

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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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