World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Little to Move the Market But it Moved Anyways

The only real market mover on this last trading day of the week was the Fed’s nod to rate cuts. It is still bearish in grains, and the soy complex continued its small rebound despite the prospect of record production. No doubt because of continued strong demand.  It was the second day in a row for new contract lows in both HRW and HRS. There was a new contract low yesterday for SRW but it closed 2-cents above it today. Woohoo! For the trading week, hogs had the biggest gain, and the boost in soyoil helped the rest of the complex.  The weather remains benign at worst. There will be scattered showers in the Corn Belt early next week, followed by a stronger system later in the week. The Canadian Prairies are spotty, with t...

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Related Articles
feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for August 30-September 5, 2024 Wheat:  Net sales of 474,900 metric tons (MT) for 2024/2025 were up 40 percent from the previous week and 11 percent from the prior 4-week average. Export shipments of 542,200 MT were down 15 percent from the previous week and 1 pe...

feed-grains soy-oilseeds wheat

Market Commentary: USDA Confirms Record Corn, Soy Yields but Ending Stocks Fall

For a WASDE report that confirmed record-large corn and soybean yields, futures’ reaction to the data was relatively muted. Those hoping for a festival of bearish numbers were disappointing as USDA moderated the impacts of larger yields with reductions in 2023/24 carryout and modest &ndas...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.06/bushel, up $0.0125 from yesterday's close.  Dec 24 Wheat closed at $5.785/bushel, down $0.0075 from yesterday's close.  Nov 24 Soybeans closed at $10.1075/bushel, up $0.1025 from yesterday's close.  Dec 24 Soymeal closed at $323.2/short ton, up $3.2 fr...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for August 30-September 5, 2024 Wheat:  Net sales of 474,900 metric tons (MT) for 2024/2025 were up 40 percent from the previous week and 11 percent from the prior 4-week average. Export shipments of 542,200 MT were down 15 percent from the previous week and 1 pe...

feed-grains soy-oilseeds wheat

Market Commentary: USDA Confirms Record Corn, Soy Yields but Ending Stocks Fall

For a WASDE report that confirmed record-large corn and soybean yields, futures’ reaction to the data was relatively muted. Those hoping for a festival of bearish numbers were disappointing as USDA moderated the impacts of larger yields with reductions in 2023/24 carryout and modest &ndas...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.06/bushel, up $0.0125 from yesterday's close.  Dec 24 Wheat closed at $5.785/bushel, down $0.0075 from yesterday's close.  Nov 24 Soybeans closed at $10.1075/bushel, up $0.1025 from yesterday's close.  Dec 24 Soymeal closed at $323.2/short ton, up $3.2 fr...

livestock

Livestock Roundup: WASDE Trims Cattle Price Outlook

The big news on the livestock side of today’s WASDE was USDA’s reduction in the fed cattle price forecast. Prices for 2024 were trimmed by $3/cwt and USDA dropped its forecast for 2025 annual average prices by $5/cwt from $191/cwt last month to $186 this month. The supply and deman...

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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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