World Perspectives
wheat

Grain Substitution

Grain producers saw the value of their output fall in 2023 and the best they can hope for in 2024 is to stem the bleeding. Meanwhile, Europeans are frustrated as the price of cocoa has risen more than 50 percent over the past year. Asians are frightened as the price of rice has risen nearly 40 percent over that same period. Rice is a staple food crop and consumes a large share of disposable income, making an outsized inflationary impact. Asia produces and consumes most of the world’s rice and and very little of it is traded. India is the largest exporter and it imposed a ban on non-Basmati white rice exports to trim inflation. Now there is concern that other suppliers could do the same. Traditional consumers of rice might hold fear,...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Mixed as Shutdown End Begins

The CBOT was mixed with Monday’s strength in various markets fading quickly and giving way to a “turnaround Tuesday”. Corn and soyoil were the two holdouts from the turnaround pattern as both markets saw demand-side factors boost values to modest gains. Beyond that, traders we...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.32/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.36/bushel, up $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.2725/bushel, down $0.0275 from yesterday's close.  Dec 25 Soymeal closed at $316.9/short ton, down $3.1 f...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Rally as Shutdown Starts to End

CBOT markets rode a wave of enthusiasm Monday with the winds of a partial reopening of the U.S. government, China trade optimism, and USDA’s upcoming WASDE report driving the sentiment. The Senate broke the filibuster late Sunday night as several Democrats joined Republicans in passing th...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Mixed as Shutdown End Begins

The CBOT was mixed with Monday’s strength in various markets fading quickly and giving way to a “turnaround Tuesday”. Corn and soyoil were the two holdouts from the turnaround pattern as both markets saw demand-side factors boost values to modest gains. Beyond that, traders we...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.32/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.36/bushel, up $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.2725/bushel, down $0.0275 from yesterday's close.  Dec 25 Soymeal closed at $316.9/short ton, down $3.1 f...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Rally as Shutdown Starts to End

CBOT markets rode a wave of enthusiasm Monday with the winds of a partial reopening of the U.S. government, China trade optimism, and USDA’s upcoming WASDE report driving the sentiment. The Senate broke the filibuster late Sunday night as several Democrats joined Republicans in passing th...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2975/bushel, up $0.025 from yesterday's close.  Dec 25 Wheat closed at $5.3575/bushel, up $0.08 from yesterday's close.  Jan 26 Soybeans closed at $11.3/bushel, up $0.13 from yesterday's close.  Dec 25 Soymeal closed at $320/short ton, up $2.9 from yester...

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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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