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

Summary of Futures

May 26 Corn closed at $4.605/bushel, up $0.07 from yesterday's close.  May 26 Wheat closed at $6.1675/bushel, up $0.33 from yesterday's close.  May 26 Soybeans closed at $12.0075/bushel, up $0.215 from yesterday's close.  May 26 Soymeal closed at $317.2/short ton, up $7.9 from ye...

Farm Bill Clears House of Representatives

After two days of mark-up, the so-called “skinny farm bill,” the Farm, Food, and National Security Act, cleared the House of Representatives Agriculture Committee by a vote of 34-17, with 7 Democrats joining all 27 Republicans voting in favor. It will now move to the House floor and...

feed-grains soy-oilseeds wheat

Middle East Grain Trade Trends

Somewhat lost in the current discussion over the impacts of the conflict in Iran and the Persian Gulf is the impact on grain trade. The region is not usually at the top of grain market analysts’ thinking when it comes to major demand centers, yet it accounts for significant global grain c...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.605/bushel, up $0.07 from yesterday's close.  May 26 Wheat closed at $6.1675/bushel, up $0.33 from yesterday's close.  May 26 Soybeans closed at $12.0075/bushel, up $0.215 from yesterday's close.  May 26 Soymeal closed at $317.2/short ton, up $7.9 from ye...

Farm Bill Clears House of Representatives

After two days of mark-up, the so-called “skinny farm bill,” the Farm, Food, and National Security Act, cleared the House of Representatives Agriculture Committee by a vote of 34-17, with 7 Democrats joining all 27 Republicans voting in favor. It will now move to the House floor and...

feed-grains soy-oilseeds wheat

Middle East Grain Trade Trends

Somewhat lost in the current discussion over the impacts of the conflict in Iran and the Persian Gulf is the impact on grain trade. The region is not usually at the top of grain market analysts’ thinking when it comes to major demand centers, yet it accounts for significant global grain c...

energy

Transportation and Export Report - 5 March

As you might guess, it is all about the conflict in the Middle East this week when discussing anything connected to energy or freight markets. Rate estimates, fuel costs, and insurance premiums (if available) have all skyrocketed since the U.S. attacked Iran and Iran attacked 15 of its neighbor...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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