World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Prepares for September WASDE

The CBOT started the week with a mood that was decidedly oriented towards preparing for the September WASDE report. Volume and price action were relatively limited for the day and cattle futures were the surprise bullish leaders. In the grains, corn and soybeans pushed higher with the latter market seeing benefits from crude oil and energy markets while wheat traded a lackluster and mostly sideways day. Funds appear to have done most of the short covering they intend to before the WASDE report, which will likely lead to mostly sideways trade this week.  The September WASDE will come out on Thursday and traders are generally looking for larger new crop soybean ending stocks and slight reductions in new crop corn and wheat stocks. Pre-r...

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livestock

Livestock Industry Margins

Beef packer margins turned positive for the first time since late last year as returns improved to $53/head last week. The turnaround was driven by a strong increase in the boxed beef cutout, which rose to $388.16/cwt, while fed cattle prices declined further on the week. The threat of the labo...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

As quickly as it began, the U.S.-Iran war-fueled rally in commodity markets looks to be ending. Over the weekend and through Monday, several reports came in that highlighted political efforts to resume vessel traffic through the Strait of Hormuz. Perhaps most important was news that President T...

livestock

Livestock Industry Margins

Beef packer margins turned positive for the first time since late last year as returns improved to $53/head last week. The turnaround was driven by a strong increase in the boxed beef cutout, which rose to $388.16/cwt, while fed cattle prices declined further on the week. The threat of the labo...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

As quickly as it began, the U.S.-Iran war-fueled rally in commodity markets looks to be ending. Over the weekend and through Monday, several reports came in that highlighted political efforts to resume vessel traffic through the Strait of Hormuz. Perhaps most important was news that President T...

China Ag Purchases; Tariffs and More

China Ag Purchases The market reacted today to suggestions that President Trump will delay his planned trip to China at the end of the month due to the war in Iran. The excuse is somewhat of a surprise considering this President is usually hyper-multitasking. Soybean investors took it hard, but...

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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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