World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Pre-Holiday Run-up Continued

This trading week marked a series of reversals, and the latest trend continued for the most part today. It was generally pre-holiday lower volume for corn, wheat, and lean hogs but there was outsized volume trading in soybeans.  Some notable stats from today and the trading week include: Today’s closes above the 20-day moving average included: corn, soybeans, soymeal, soyoil, SRW, HRW, HRS, cattle and hogs. It was the first close above the 20 MA for corn in five weeks. The October lean hog contract was the biggest market gainer last week, and while wheat took over the top spot this week, hogs have been on a steady rise since 8 August. In terms of the number of trading sessions in a row with higher closes, the ho...

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feed-grains soy-oilseeds wheat

Market Commentary: It Was Wheat’s Week

Russia’s Vladimir Putin warned that Ukraine using Western long-range missiles to attack inside his country would bring NATO into the war. That and his threats to use nuclear weapons and the attack this week on a grain carrying ship in the Black Sea pressured the gold market and likely whe...

energy

Hurricane Francine Energy Production Disruptions

The WTI Crude oil futures saw its third consecutive day of gains from the impacts of Hurricane Francine in the Gulf of Mexico and the contract remains up on the week.   Francine made landfall on Wednesday on the Louisiana coast and has now been downgraded to a tropical storm. It is tr...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.1325/bushel, up $0.0725 from yesterday's close.  Dec 24 Wheat closed at $5.9475/bushel, up $0.1625 from yesterday's close.  Nov 24 Soybeans closed at $10.0625/bushel, down $0.045 from yesterday's close.  Dec 24 Soymeal closed at $322.9/short ton, down $0...

feed-grains soy-oilseeds wheat

Market Commentary: It Was Wheat’s Week

Russia’s Vladimir Putin warned that Ukraine using Western long-range missiles to attack inside his country would bring NATO into the war. That and his threats to use nuclear weapons and the attack this week on a grain carrying ship in the Black Sea pressured the gold market and likely whe...

energy

Hurricane Francine Energy Production Disruptions

The WTI Crude oil futures saw its third consecutive day of gains from the impacts of Hurricane Francine in the Gulf of Mexico and the contract remains up on the week.   Francine made landfall on Wednesday on the Louisiana coast and has now been downgraded to a tropical storm. It is tr...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.1325/bushel, up $0.0725 from yesterday's close.  Dec 24 Wheat closed at $5.9475/bushel, up $0.1625 from yesterday's close.  Nov 24 Soybeans closed at $10.0625/bushel, down $0.045 from yesterday's close.  Dec 24 Soymeal closed at $322.9/short ton, down $0...

feed-grains soy-oilseeds

WPI’s Post-WASDE Quarterly Corn, Soy Outlook

Now that the WASDE has come and gone, it’s time for the commodity market analyst community to argue about why USDA’s projections are wrong and what the world will actually look like over the next marketing year. WPI is loath to miss this monthly festival of forecasting, so we offer...

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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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