World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Small Rebound

The trading session opened kind of sluggish, not even meeting the overnight closes. There was uncertainty in grains and oilseeds, though not in livestock since it opened lower. Soybeans surged first, with corn following and wheat getting the hint about two hours into the day. The market remains down overall for the week, but today’s higher closes helped soften the past few days of losses, particularly for soybeans. 

The dour tone that was set early in the week included crop conditions holding up better than expected, Ukraine finally exporting grain, and U.S. House Speaker Nancy Pelosi poking number one buyer China in the eye. It all seemed ominous. Funds have been exiting. But the weather still holds risk. There are still 17 s...

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feed-grains soy-oilseeds wheat

Market Commentary: Weather Pressures Grains; Crush Pace Boosts Soybeans

The CBOT managed to recover from a dramatic overnight plunge with soybeans leading the fight to put values back in the green. Most of the news coming out of the weekend was bearish – between larger Russian wheat crop projections, the advancing South American harvests, and generally favora...

China Market Analysis

Corn/Feed USDA reports that Chinese domestic production of corn and wheat exceeds demand, but that barley is in a supply deficit and must be imported. China’s overall feed production is growing faster than its meat and egg output. China’s corn crop has been damaged by wetness, and i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2625/bushel, down $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3775/bushel, down $0.11 from yesterday's close.  Mar 26 Soybeans closed at $11.34/bushel, up $0.01 from yesterday's close.  Mar 26 Soymeal closed at $305.8/short ton, down $3.4 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Pressures Grains; Crush Pace Boosts Soybeans

The CBOT managed to recover from a dramatic overnight plunge with soybeans leading the fight to put values back in the green. Most of the news coming out of the weekend was bearish – between larger Russian wheat crop projections, the advancing South American harvests, and generally favora...

China Market Analysis

Corn/Feed USDA reports that Chinese domestic production of corn and wheat exceeds demand, but that barley is in a supply deficit and must be imported. China’s overall feed production is growing faster than its meat and egg output. China’s corn crop has been damaged by wetness, and i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2625/bushel, down $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3775/bushel, down $0.11 from yesterday's close.  Mar 26 Soybeans closed at $11.34/bushel, up $0.01 from yesterday's close.  Mar 26 Soymeal closed at $305.8/short ton, down $3.4 fr...

House Farm Bill Text Released

Chairman of the House Agriculture Committee, Glenn Thompson (R-Pennsylvania), released the text of the farm bill on Friday. Markup is scheduled for next week. Some key highlights are shown below.  Commodities: Directs reporting on dairy production expenses to ensure that producer costs ar...

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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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