World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Extends Rally while Corn, Wheat Move Lower

Pre-holiday trade at the CBOT featured the continuation of the soyoil and broader soy complex rally while corn and wheat sagged lower in uninspired trade. Trading volume was expectedly light ahead of the one-day break in trading and few markets made major moves. Those that did, however, included soyoil and live cattle and the day’s price action establishes strong bullish trends for trade Friday and early next week. Overall fundamental news remained light ahead of the holiday and broadly unconceding weather forecasts for the U.S. further reduced trading interest and volume. Volume and price action will likely be subdued as well on Friday and Monday’s trade will feature a reaction to weekend weather and forecasts, as well as any f...

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feed-grains soy-oilseeds wheat

Market Commentary: Lower Volume, Soyoil Spikes, and Short Covering

Volume was expected to be light today given yesterday’s holiday and a weekend ahead. And it was low for corn, soybeans, soymeal, and all three wheats. Plus, there is little new or different information when it comes to fundamentals.  For the week, it was soyoil that stood out above t...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for June 21-27, 2024 Wheat:  Net sales of 805,300 metric tons (MT) for 2024/2025 primarily for Mexico (154,700 MT), the Philippines (154,400 MT, including decreases of 1,500 MT), Taiwan (104,200 MT), Brazil (90,000 MT), and South Korea (67,400 MT), were offset by...

soy-oilseeds

Oilseed Highlights: Soyoil Drives Reversal for Soybeans, But Not Soymeal

The Market  After hitting a four-year low last week, November soybeans reversed course this week, adding 25.75 cents (2.33 percent) to end at 1129.75/bushel. It was driven by strong demand in soyoil for renewable diesel, and possible trade retaliation by China against major palm oil suppli...

feed-grains soy-oilseeds wheat

Market Commentary: Lower Volume, Soyoil Spikes, and Short Covering

Volume was expected to be light today given yesterday’s holiday and a weekend ahead. And it was low for corn, soybeans, soymeal, and all three wheats. Plus, there is little new or different information when it comes to fundamentals.  For the week, it was soyoil that stood out above t...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for June 21-27, 2024 Wheat:  Net sales of 805,300 metric tons (MT) for 2024/2025 primarily for Mexico (154,700 MT), the Philippines (154,400 MT, including decreases of 1,500 MT), Taiwan (104,200 MT), Brazil (90,000 MT), and South Korea (67,400 MT), were offset by...

soy-oilseeds

Oilseed Highlights: Soyoil Drives Reversal for Soybeans, But Not Soymeal

The Market  After hitting a four-year low last week, November soybeans reversed course this week, adding 25.75 cents (2.33 percent) to end at 1129.75/bushel. It was driven by strong demand in soyoil for renewable diesel, and possible trade retaliation by China against major palm oil suppli...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.195/bushel, down $0.0175 from yesterday's close.  Sep 24 Wheat closed at $5.74/bushel, down $0.07 from yesterday's close.  Nov 24 Soybeans closed at $11.215/bushel, up $0.085 from yesterday's close.  Dec 24 Soymeal closed at $329.2/short ton, up $0.9 from...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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