World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Give Us Our Daily Brake

Futures took a weather break today. The rain slated for Argentina and southern Brazil this weekend doesn’t appear monumental, but something is better than nothing, and something is all it takes to put brakes on a borderline market. The day’s trading closely tracked the overnight, with red showing across the board. USDA’s Export Sales report had mixed impacts. Wheat sales were bullishly above the prior week, and above the prior four-week average. Corn sales rebounded from last week, matching the prior four-week average, and shipments at 1,148,300 were a marketing year high. Soybean sales rebounded from the woefully disappointing prior week but were still down from the prior four-week average. Soymeal export sales hit a marketing year lo...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds maintaining positions in the major ag futures contract, breaking a four-week trend of significant net selling. Funds cut 3,800 contracts from their net all-ags short position last week, with buying in soyoil and livestock futures driving most of that incr...

feed-grains soy-oilseeds wheat

Market Commentary: Major Influences Yield Higher Day/Week

Markets moved higher today, with larger volumes trading in corn and winter wheat. While fundamentals remain broadly unchanged currently, there were several factors influencing prices. Winterkill: An outsized winter storm, possibly including ice, is descending on the U.S. winter wheat crop. Whil...

livestock

Cattle on Feed Report

USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.5 million head, or 97 percent of last year. Placements were higher than forecast, and marketings were near pre-report estimates. This was the quarterly report showing steers and heifers on feed...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds maintaining positions in the major ag futures contract, breaking a four-week trend of significant net selling. Funds cut 3,800 contracts from their net all-ags short position last week, with buying in soyoil and livestock futures driving most of that incr...

feed-grains soy-oilseeds wheat

Market Commentary: Major Influences Yield Higher Day/Week

Markets moved higher today, with larger volumes trading in corn and winter wheat. While fundamentals remain broadly unchanged currently, there were several factors influencing prices. Winterkill: An outsized winter storm, possibly including ice, is descending on the U.S. winter wheat crop. Whil...

livestock

Cattle on Feed Report

USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.5 million head, or 97 percent of last year. Placements were higher than forecast, and marketings were near pre-report estimates. This was the quarterly report showing steers and heifers on feed...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.305/bushel, up $0.065 from yesterday's close.  Mar 26 Wheat closed at $5.295/bushel, up $0.14 from yesterday's close.  Mar 26 Soybeans closed at $10.6775/bushel, up $0.0375 from yesterday's close.  Mar 26 Soymeal closed at $299.9/short ton, up $3.7 from y...

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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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