World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: No Threats so Hedging Bearish

Final planted numbers are unknown until late this month and the spread on that outcome is wide, but weather is only a theoretical threat to what could be a big U.S. crop. USDA’s weekly Crop Progress report was released after the market close, but the crop conditions were already viewed as very good.  It was a second straight session with most contracts lower except soyoil and hogs, which found a way higher.  The wheat crop got more news late today on why its price is falling. But first - a dozen private analysts surveyed by Reuters expected the corn and soybeans rated Good/Excellent to each fall by 1 percent to 73 percent and 71 percent, respectively. However, both dropped 2 percent but still are categorized in historicall...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed Signals

There were lots of mixed pressures on the market today, and this week overall. Outside markets were key among them. Trading volume was modest today, except for meal, oil, and livestock. On the week, livestock and soyoil took losses, while fund long positions held up for soymeal.  While so...

Jobs Report and How the Fed Will See It

Today’s jobs report was highly anticipated as a key benchmark before the Federal Open Market Committee (FOMC) meeting later this month and expected to be a factor in the Fed’s decision of whether to cut the federal funds rate by 25 basis points or 50 basis points. As it happens, tod...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for August 23-29, 2024. Wheat:  Net sales of 340,000 metric tons (MT) for 2024/2025 were down 36 percent from the previous week and 17 percent from the prior 4-week average. Export shipments of 638,100 MT--a marketing-year high--were up 11 percent from the previo...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Signals

There were lots of mixed pressures on the market today, and this week overall. Outside markets were key among them. Trading volume was modest today, except for meal, oil, and livestock. On the week, livestock and soyoil took losses, while fund long positions held up for soymeal.  While so...

Jobs Report and How the Fed Will See It

Today’s jobs report was highly anticipated as a key benchmark before the Federal Open Market Committee (FOMC) meeting later this month and expected to be a factor in the Fed’s decision of whether to cut the federal funds rate by 25 basis points or 50 basis points. As it happens, tod...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for August 23-29, 2024. Wheat:  Net sales of 340,000 metric tons (MT) for 2024/2025 were down 36 percent from the previous week and 17 percent from the prior 4-week average. Export shipments of 638,100 MT--a marketing-year high--were up 11 percent from the previo...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.0625/bushel, down $0.045 from yesterday's close.  Dec 24 Wheat closed at $5.67/bushel, down $0.0775 from yesterday's close.  Nov 24 Soybeans closed at $10.05/bushel, down $0.185 from yesterday's close.  Dec 24 Soymeal closed at $324.4/short ton, down $2.1...

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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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