World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Hits New Contract Lows; Corn, Soybeans Fall on Record Yields

The CBOT was sharply lower on Thursday with the Canadian rail workers strike and forecasts of record-breaking yields emboldening bears. Wheat futures scored new contract lows amid signs of weaker demand while corn and soybeans saw threats primarily from the ever-expanding production outlook for 2024. Funds were net sellers again for the day with the yield data offering more reasons to push the risk envelope on the short side. The day’s trade merely confirms the bearish outlook for corn and soybeans while for wheat it shifts the near-term outlook from neutral back to bearish.  The headline of the day was that Canada’s two biggest railways, Canadian National and the Canadian Pacific Kansas City officially locked out 9,000 un...

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feed-grains soy-oilseeds wheat

Market Commentary: Grains Gain on Black Sea Tensions; Cattle Extend Rally

The CBOT initially looked set for a quiet day of post-holiday trade on Tuesday, but that was before Russian President Putin elevated political tensions in the Black Sea region. Putin threatened to increase attacks on Ukraine in response to Ukraine’s recent attacks on Russian tanker vessel...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.5/bushel, up $0.05 from yesterday's close.  Mar 26 Wheat closed at $5.41/bushel, up $0.06 from yesterday's close.  Jan 26 Soybeans closed at $11.2475/bushel, down $0.0325 from yesterday's close.  Jan 26 Soymeal closed at $311.6/short ton, down $3 from yes...

End of the Year: Lots to Do and a Short Time to Get it Done

Congress returns this week from their Thanksgiving recess to wrap up end-of-year priorities. There are only 13 days of legislative sessions remaining in the House, with 12 days before the 30 January deadline when the government runs out of money once again. The Senate has 12 days of session rem...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Gain on Black Sea Tensions; Cattle Extend Rally

The CBOT initially looked set for a quiet day of post-holiday trade on Tuesday, but that was before Russian President Putin elevated political tensions in the Black Sea region. Putin threatened to increase attacks on Ukraine in response to Ukraine’s recent attacks on Russian tanker vessel...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.5/bushel, up $0.05 from yesterday's close.  Mar 26 Wheat closed at $5.41/bushel, up $0.06 from yesterday's close.  Jan 26 Soybeans closed at $11.2475/bushel, down $0.0325 from yesterday's close.  Jan 26 Soymeal closed at $311.6/short ton, down $3 from yes...

End of the Year: Lots to Do and a Short Time to Get it Done

Congress returns this week from their Thanksgiving recess to wrap up end-of-year priorities. There are only 13 days of legislative sessions remaining in the House, with 12 days before the 30 January deadline when the government runs out of money once again. The Senate has 12 days of session rem...

feed-grains soy-oilseeds wheat

China Market Analysis

Economy China’s official data and its rhetoric do not always align and while its exports have remained robust, it has not prevented a slump in manufacturing output. Its purchasing managers index (PMI) was below 50 (contraction territory) in November, the eighth straight monthly decline. W...

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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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