World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Post Half-Hearted Reversals; Hogs Extend Nascent Rally

Tuesday’s CBOT trade featured gains in corn and the soy complex with funds casually covering some of their massive short positions amid oversold technical conditions and following Monday’s damage-inducing storms across the Midwest. Conviction was lacking, however, and the day’s trade had feelings of impermanence with bears still holding the upper hand. Wheat futures drifted lower again and carved out fresh contract lows, though the day’s trade had a bit more of a two-sided feel with the firmness in corn futures. Perhaps the most exciting trading for the day came in the hog markets where beleaguered and deeply oversold futures rallied sharply to extend last week’s technical reversal. Fresh fundamental news was d...

WPI on Twitter

Related Articles
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...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up