World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Election Day Brings CBOT Gains

It’s election day in the U.S. and the nation will decide on new leadership for the White House and Congress, though results may not be available for days or possibly even weeks. National polls indicate a tight race between candidates Trump and Harris, but betting markets tell a different story with Trump solidly in the lead. The election won’t have an immediate impact on commodity markets as it will be late January before any administration can make changes to agriculture or trade policy, but it could start to slowly shift sentiments about macroeconomic markets. Specifically relevant for commodities is sentiment on the U.S. dollar, which will also see heavy influence from the Federal Reserve’s upcoming meeting. For the day, the CBOT sa...

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FOB Prices and Freight Rates App (Updated 22 November)

Ocean Freight Comments - 22 November 2024By Matt HerringtonThe major story behind dry bulk freight markets remains the same: slack demand causing additional weakness in rates. The downturn in rates is accelerating as markets head into the holiday season, which is usually a lull period for freig...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for November 8-14, 2024. Wheat: Net sales of 549,600 metric tons (MT) for 2024/2025 were up 45 percent from the previous week and 29 percent from the prior 4-week average. Export shipments of 133,900 MT--a marketing-year low--were down 56 percent from the previou...

feed-grains soy-oilseeds wheat

Market Commentary: New Lows for Soybeans; Corn, Wheat Fall on Export Data

The CBOT was mostly lower for the day with corn, wheat, and the entire soy complex finding their way into the red for various reasons. Wheat initially rallied on rising tensions and attacks between Rusia and Ukraine, with Ukraine accusing Russia of launching an intercontinental ballistic missil...

FOB Prices and Freight Rates App (Updated 22 November)

Ocean Freight Comments - 22 November 2024By Matt HerringtonThe major story behind dry bulk freight markets remains the same: slack demand causing additional weakness in rates. The downturn in rates is accelerating as markets head into the holiday season, which is usually a lull period for freig...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for November 8-14, 2024. Wheat: Net sales of 549,600 metric tons (MT) for 2024/2025 were up 45 percent from the previous week and 29 percent from the prior 4-week average. Export shipments of 133,900 MT--a marketing-year low--were down 56 percent from the previou...

feed-grains soy-oilseeds wheat

Market Commentary: New Lows for Soybeans; Corn, Wheat Fall on Export Data

The CBOT was mostly lower for the day with corn, wheat, and the entire soy complex finding their way into the red for various reasons. Wheat initially rallied on rising tensions and attacks between Rusia and Ukraine, with Ukraine accusing Russia of launching an intercontinental ballistic missil...

livestock

Livestock Roundup: Cattle on Feed Preview

The monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100 percent of last year’s 11.9 million head, at a range of estimates between 99.5 percent and 101.3 percent of 1 November 2023. This would be 11.6 mil...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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