World Perspectives
feed-grains soy-oilseeds wheat

Difficult Days for Markets and Everyone Else

About the only thing we can say for certain these days is that USDA/NASS will release the “final” U.S. spring planted acreage numbers and the 1 June quarterly stocks numbers next Tuesday, 30 June. What those reports will reveal is, of course, not certain today, but expectations are that the stocks of soybeans and corn will be large while stocks of wheat will be adequate. Most observers expect that planted corn acreage will fall a million or more acres below last March’s initial planting intentions of 97 million acres. Based on a soy/corn price ratio that has favored soybeans the last few months, planted soybean acres are expected to pick up most of corn’s decline and come in around 84.5 to 85.0 million acres. Growin...

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feed-grains soy-oilseeds wheat

Market Commentary: Some Bouncing Off the Week’s Lows

Except for soyoil and SRW, the market provided a rebound today for the agricultural commodity markets. Most contracts reflected their overnight closes. Key points for today and the week include the following: New contract lows were printed this week in soybeans, soyoil, SRW, and HRS.  Only...

livestock

December Cattle on Feed Report in Line with Expectations

USDA released the monthly Cattle on Feed report today. The total cattle on feed inventory was 12 million head, the same as last year, as expected. Placements also were as expected, and marketings were slightly above November 2023.  12202024dj.png 22.92 KBNovember marketings as a percent of...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.4625/bushel, up $0.055 from yesterday's close. Mar 25 Wheat closed at $5.33/bushel, up $0 from yesterday's close. Jan 25 Soybeans closed at $9.745/bushel, up $0.115 from yesterday's close. Mar 25 Soymeal closed at $302.2/short ton, up $11.2 from yesterday...

feed-grains soy-oilseeds wheat

Market Commentary: Some Bouncing Off the Week’s Lows

Except for soyoil and SRW, the market provided a rebound today for the agricultural commodity markets. Most contracts reflected their overnight closes. Key points for today and the week include the following: New contract lows were printed this week in soybeans, soyoil, SRW, and HRS.  Only...

livestock

December Cattle on Feed Report in Line with Expectations

USDA released the monthly Cattle on Feed report today. The total cattle on feed inventory was 12 million head, the same as last year, as expected. Placements also were as expected, and marketings were slightly above November 2023.  12202024dj.png 22.92 KBNovember marketings as a percent of...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.4625/bushel, up $0.055 from yesterday's close. Mar 25 Wheat closed at $5.33/bushel, up $0 from yesterday's close. Jan 25 Soybeans closed at $9.745/bushel, up $0.115 from yesterday's close. Mar 25 Soymeal closed at $302.2/short ton, up $11.2 from yesterday...

FOB Prices and Freight Rates App (Updated 20 December)

Ocean Freight Comments - 20 December 2024By Matt HerringtonFreight markets – particularly the dry bulk sector - continue to see thin trade that is leaving rates in the doldrums. Demand and fresh inquiries remain light with vessel overcapacity further depressing rates. Vessel owners are continua...

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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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