World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Mixed Despite China, Mexico Buying; Cattle Rally to New Highs

The CBOT started the week higher with some bargain hunting and short covering after last week’s steep selloff. Bulls were unable to hold onto most of those gains, however, and corn finished in the red despite confirmed and rumored export news. Soybeans and wheat fared better, setting a few cents higher with mild end-user demand offering support. China is rumored to have secured U.S. corn when December futures broke below $5.30 this afternoon, but the market did not react as if such purchases occurred. Rumors also suggest China secured 4-6 cargoes of U.S. PNW soybeans for October or November shipment. Donald Trump may have popularized the phrase “fake news”, but now Russian President Vladimir Putin is using the idea, if no...

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feed-grains soy-oilseeds wheat

Export Inspections: Corn and Wheat Up, Soybeans and Sorghum Down

The USDA’s weekly export inspections report will continue to be issued during the ongoing partial shutdown of the federal government, until further notice. However, there is a temporary suspension of the weekly export sales and monthly supply and demand reports. Nonetheless, USDA is repor...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

16 October was World Bread Day, just in case you missed it. The European Commodity Exchange held in Berlin Germany last week was well attended with over 4,000 people registered. There were many attendees from Turkey, Egypt, and across North Africa, fewer from Africa and the Middle East but stil...

livestock

Livestock Industry Margins

Beef packer margins fell for the sixth straight week and were negative for the third week in a row. Margins are estimated at -$217/head – down $100 on the week - pressured by a sharp rally in fed cattle prices and weaker beef values. WPI forecasts that packers will see deeply negative mar...

feed-grains soy-oilseeds wheat

Export Inspections: Corn and Wheat Up, Soybeans and Sorghum Down

The USDA’s weekly export inspections report will continue to be issued during the ongoing partial shutdown of the federal government, until further notice. However, there is a temporary suspension of the weekly export sales and monthly supply and demand reports. Nonetheless, USDA is repor...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

16 October was World Bread Day, just in case you missed it. The European Commodity Exchange held in Berlin Germany last week was well attended with over 4,000 people registered. There were many attendees from Turkey, Egypt, and across North Africa, fewer from Africa and the Middle East but stil...

livestock

Livestock Industry Margins

Beef packer margins fell for the sixth straight week and were negative for the third week in a row. Margins are estimated at -$217/head – down $100 on the week - pressured by a sharp rally in fed cattle prices and weaker beef values. WPI forecasts that packers will see deeply negative mar...

feed-grains soy-oilseeds wheat

Market Commentary: Trade Optimism Sparks Soy, Corn Rally

News that President Trump may be taking a more conciliatory stand towards China and that key leaders from Beijing and Washington are meeting to discuss the trade war emboldened funds on Monday. The soy complex was the upside leader with soybeans posting a bullish technical day as funds position...

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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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