World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Russia Leaves Black Sea Deal; Grains Lower After Two-Sided Trade

The CBOT started the day with a higher tone after Russia confirmed that it will be leaving the Black Sea export corridor agreement, which ended Monday, 17 July. The markets followed a classic “buy the rumor, sell the fact” trading pattern and ended lower after fears of grain supply issues subsided. The focus for the day’s trade seemed to quickly shift towards estimating the U.S. crop size and looking at the slow pace so far of U.S. wheat exports. Funds were net sellers for the day in corn and wheat but cautiously expanded soybean longs.  The Black Sea export corridor agreement has unofficially ended almost a year after it started with Russia refusing to renew the deal before the 17 July deadline. Moscow repeatedly th...

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USDA Reorganization

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feed-grains soy-oilseeds wheat

Market Commentary: Continued Edging Lower on Big Supplies

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Tariffs, Mexico Extension, Federal Reserve, and Jobs Report

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USDA Reorganization

USDA has opened a comment period on its agency reorganization plan. Comments will be accepted until 26 August. The plan is similar to that of the first Trump Administration, which was widely panned by USDA personnel. One of the primary goals is to move employees out of the high-cost Washington,...

feed-grains soy-oilseeds wheat

Market Commentary: Continued Edging Lower on Big Supplies

It was a mixed and quiet close to the market after a week of mostly price declines. There were new contract lows scored by front month SRW and HRS. Soybean traders didn’t know where to take their positions and so they left the September and November contracts both unchanged. Outside marke...

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President Trump signed an executive order yesterday unveiling a massive overhaul of U.S. tariff policy, introducing a series of new tariff rates for U.S. trading partners. The executive order was signed hours before today’s deadline, but the order also included a provision to start the ne...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1075/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.1675/bushel, down $0.065 from yesterday's close.  Nov 25 Soybeans closed at $9.8925/bushel, up $0 from yesterday's close.  Dec 25 Soymeal closed at $280.5/short ton, up $4.5 from y...

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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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