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: Bulls Rest While Eyeing South American Weather

The CBOT turned mostly lower on Tuesday as the excitement from the bullish WASDE faded. Traders now see the corn and soybean yield and production cuts as fully priced into futures, which left markets to return to trading the South American weather outlooks and export trends. Both of these facto...

Produce Price Inflation Mixed Signals

Producer price inflation (PPI) ended 2024 up 0.2 percent in December. That is a modest gain and was below pre-report expectations. Nonetheless, the PPI was 3.3 higher than a year ago, and substantially higher than the Federal Reserve’s 2 percent target. That stickiness trend will keep inflation...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.745/bushel, down $0.02 from yesterday's close. Mar 25 Wheat closed at $5.4625/bushel, up $0.0125 from yesterday's close. Mar 25 Soybeans closed at $10.475/bushel, down $0.055 from yesterday's close. Mar 25 Soymeal closed at $305.8/short ton, down $2 from...

feed-grains soy-oilseeds wheat

Market Commentary: Bulls Rest While Eyeing South American Weather

The CBOT turned mostly lower on Tuesday as the excitement from the bullish WASDE faded. Traders now see the corn and soybean yield and production cuts as fully priced into futures, which left markets to return to trading the South American weather outlooks and export trends. Both of these facto...

Produce Price Inflation Mixed Signals

Producer price inflation (PPI) ended 2024 up 0.2 percent in December. That is a modest gain and was below pre-report expectations. Nonetheless, the PPI was 3.3 higher than a year ago, and substantially higher than the Federal Reserve’s 2 percent target. That stickiness trend will keep inflation...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.745/bushel, down $0.02 from yesterday's close. Mar 25 Wheat closed at $5.4625/bushel, up $0.0125 from yesterday's close. Mar 25 Soybeans closed at $10.475/bushel, down $0.055 from yesterday's close. Mar 25 Soymeal closed at $305.8/short ton, down $2 from...

Tariff Adjustment/Musk; Cynical Biden Trade Goals; Biofuel Proposal Disappoints

Tariff Adjustment/MuskRecognizing the inflation threat of sudden and large import tariffs, Donald Trump’s economic team: Scott Bessent (Treasury), Kevin Hassett (National Economic Council), and Stephen Miran (Council of Economic Advisers) are reportedly working on a plan of more gradual 2-5 per...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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