World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Markets traded mostly steady overnight and until the USDA WASDE was released at noon (EDT) today. Both the 2018/19 revisions and the first look at 2019/20 were bearish for corn, wheat and soybeans. That initially sent corn and wheat futures down 5-6 cents, while soybeans dropped 1-2 cents. The important USDA numbers are highlighted in a separate analysis in today’s report. U.S. and world ending supplies of corn, wheat and soybeans are all projected to increase in the new marketing year IF production estimates prove to be accurate. The other news was that the latest round of trade talks between the U.S. and China ended with no agreement. The U.S. did implement the additional tariffs promised earlier this week. President Trump tweeted...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close.  May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Energies, Acreage Worries Support Soybeans; Wheat Drifts Lower

CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...

China Market Analysis

Bilateral Postponement The upcoming meeting between President Trump and Chinese leader Xi Jinping is being delayed about “a month or so” at the request of Trump. He says he needs the time to focus on the war in Iran. Chinese leaders may also benefit from the extra time to assess the...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close.  May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Energies, Acreage Worries Support Soybeans; Wheat Drifts Lower

CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...

China Market Analysis

Bilateral Postponement The upcoming meeting between President Trump and Chinese leader Xi Jinping is being delayed about “a month or so” at the request of Trump. He says he needs the time to focus on the war in Iran. Chinese leaders may also benefit from the extra time to assess the...

livestock

Greeley JBS Beef Plant on Strike

The JBS beef plant in Greeley, Colorado, went on strike yesterday. Today is day two of the labor shutdown. The Greeley plant can process about 6,000 head per day, or 5 percent of the U.S. beef supply. This is a major disruption. Notably, it comes on the heels of Tyson closing its plant in Lexin...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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