World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Short Covering Ahead of the WASDE

The CBOT saw mostly WASDE-motivated short covering on Monday with funds scaling back short positions in wheat and soybeans and cautiously extending longs in the corn market. Fresh news was light for the day and traders were mostly focused on adjusting positions ahead of the WASDE. The weather remains mostly favorable across the U.S. and South America, which is reducing opportunities for volatility or supply-side surprises in the upcoming report. Note that the December WASDE typically features demand-side adjustments, which would favor bullish revisions to the corn balance sheet and possibly soybeans, while creating the outlook for a very neutral report for wheat. The weekly Export Inspections report was neutral for corn and wheat while...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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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