World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: WASDE Bearish Wheat, Neutral Corn; Soybeans Fall on Demand Worries

CBOT futures had a relatively muted reaction to the USDA’s July WASDE as large U.S. and global new crop ending stocks damped much of any potential volatility. The biggest theme was larger U.S. and world wheat supplies and stocks while the outlook for corn saw far more muted changes. Soybeans saw more bearish numbers from the WASDE with world and major exporters’ stocks rising – a trend all the more worrisome given the slow pace of U.S.2024/25 export sales so far. The report was sufficient to encourage more short selling by noncommercials in the wheat and soybean markets and to spark a little short-covering in corn, as the worst of the bearish news is now priced into futures.  Perhaps the biggest news of the day is wh...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3/bushel, up $0.035 from yesterday's close.  Mar 26 Wheat closed at $5.36/bushel, up $0.1275 from yesterday's close.  Mar 26 Soybeans closed at $10.75/bushel, up $0.0775 from yesterday's close.  Mar 26 Soymeal closed at $297.8/short ton, up $3.8 from yest...

soy-oilseeds

Thailand Soy Tariffs Update

Thailand’s market is now officially reopened to soybean and soymeal imports as the government has resolved a lapse in tariff policy that caused import duties to default to prohibitively high levels earlier this month. On 27 January, the Thai Cabinet approved the continuation of its market...

Markets Not Government; Fueling and Building Cars; Middle Power Potential; EU Mimics China

Markets Not Government A common refrain from U.S. agriculture groups is that they prefer to get their income from the market than the government. Most of their income is derived from the market but it looks more romantic than real when one considers that government supplements determine the bre...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3/bushel, up $0.035 from yesterday's close.  Mar 26 Wheat closed at $5.36/bushel, up $0.1275 from yesterday's close.  Mar 26 Soybeans closed at $10.75/bushel, up $0.0775 from yesterday's close.  Mar 26 Soymeal closed at $297.8/short ton, up $3.8 from yest...

soy-oilseeds

Thailand Soy Tariffs Update

Thailand’s market is now officially reopened to soybean and soymeal imports as the government has resolved a lapse in tariff policy that caused import duties to default to prohibitively high levels earlier this month. On 27 January, the Thai Cabinet approved the continuation of its market...

Markets Not Government; Fueling and Building Cars; Middle Power Potential; EU Mimics China

Markets Not Government A common refrain from U.S. agriculture groups is that they prefer to get their income from the market than the government. Most of their income is derived from the market but it looks more romantic than real when one considers that government supplements determine the bre...

FOB Prices and Freight Rates App (Updated 28 January)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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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