World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT’s Game of Price “Limbo” Continues

The CBOT seems to be locked in a game of bearish limbo with markets battling to see which can bend itself beneath the lowest levels of technical support. Grains, oilseeds, and the entire livestock complex finished lower on Wednesday with soymeal being the only major ag market to see higher trade. Technical trade and fund positioning remain the primary drivers of the ongoing selloff. So much so that the day’s weakness in wheat occurred despite further reductions in Russian crop estimates.  Similarly, corn futures are on the defensive despite ample talk of U.S. acres not getting seeded this year amid wet conditions. Markets are approaching key support levels, but similar technical features to date have failed to stop the current s...

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feed-grains

Not an Orphan Crop

Sorghum marketers often characterize their commodity as an ancient grain that is drought tolerant. They deflect comments that it is an orphan crop, grown locally for local consumption. They may agree it is under-utilized. In fact, a slightly higher share (16%) of world sorghum production is exp...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat High temperatures in recent days have slightly accelerated crop maturity and the harvest in Argentina. Weekly harvest progress reached 12 percent, with 30 percent of the area harvested. Yields show significant variability. In some cases, yields are improving as harvesters move into t...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News Eastern Ukraine and southern Russia remain unseasonably warm and dry, though the regions received beneficial rains at the end of last week. The Balkans saw unusually heavy rainfall from the same storm system. Polish protesters are planning on blocking the border with Ukr...

feed-grains

Not an Orphan Crop

Sorghum marketers often characterize their commodity as an ancient grain that is drought tolerant. They deflect comments that it is an orphan crop, grown locally for local consumption. They may agree it is under-utilized. In fact, a slightly higher share (16%) of world sorghum production is exp...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat High temperatures in recent days have slightly accelerated crop maturity and the harvest in Argentina. Weekly harvest progress reached 12 percent, with 30 percent of the area harvested. Yields show significant variability. In some cases, yields are improving as harvesters move into t...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News Eastern Ukraine and southern Russia remain unseasonably warm and dry, though the regions received beneficial rains at the end of last week. The Balkans saw unusually heavy rainfall from the same storm system. Polish protesters are planning on blocking the border with Ukr...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Once again, the major finding of Friday’s CFTC report is that funds still remain solidly bullish corn and added another 7 percent to their long position in that market. That was particularly impressive as the week ending 19 November (the reporting deadline for the CFTC report) included days wit...

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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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