World Perspectives
feed-grains farm-inputs

Farmers Turning Toward Larger Banks

The Federal Reserve Bank of Kansas City has recently reported on an interesting trend in agriculture lending: the market share of agricultural loans shifted more toward large commercial banks in the second quarter. According to national survey data from the second week of May, the share of non-real estate loans originated by large banks relative to their smaller counterparts jumped to the highest level in nearly 20 years.  Loans originated with large banks are near record highs and conversely loans originated with smaller banks are at near record lows.Driving this move is the rising costs of production including feed, seed and fertilizer. Indeed, farm debt outstanding at all commercial banks grew 3.2 percent in March which is the hig...

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feed-grains soy-oilseeds wheat

Market Commentary: Calm, Confident, But Correct?

The trading before a major WSDE report always entails differing vibes. It is more volatile when there is wide variance in expectations, and more subdued when the mood is more sublime. This might count as the latter except where it wasn’t.   The volume trading corn, wheat and soy...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.215/bushel, up $0.065 from yesterday's close.  Nov 25 Soybeans closed at $10.335/bushel, up $0.0825 from yesterday's close.  Dec 25 Soymeal closed at $287.7/short ton, up $1.9 from...

feed-grains soy-oilseeds wheat

Market Commentary: Calm for the Day but Geopolitics Hint at Looming Volatility

The CBOT was solidly in the red on Wednesday while cattle futures regained some of their former strength. Markets had to process multiple headlines at the national/international political level, which led to some mild risk-off trade. Mostly, however, for grains, the looming WASDE dominated the...

feed-grains soy-oilseeds wheat

Market Commentary: Calm, Confident, But Correct?

The trading before a major WSDE report always entails differing vibes. It is more volatile when there is wide variance in expectations, and more subdued when the mood is more sublime. This might count as the latter except where it wasn’t.   The volume trading corn, wheat and soy...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.215/bushel, up $0.065 from yesterday's close.  Nov 25 Soybeans closed at $10.335/bushel, up $0.0825 from yesterday's close.  Dec 25 Soymeal closed at $287.7/short ton, up $1.9 from...

feed-grains soy-oilseeds wheat

Market Commentary: Calm for the Day but Geopolitics Hint at Looming Volatility

The CBOT was solidly in the red on Wednesday while cattle futures regained some of their former strength. Markets had to process multiple headlines at the national/international political level, which led to some mild risk-off trade. Mostly, however, for grains, the looming WASDE dominated the...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.17/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.15/bushel, down $0.0525 from yesterday's close.  Nov 25 Soybeans closed at $10.2525/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $285.8/short ton, down $3.2...

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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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