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: Friday’s Ends a Tough Week Except for Soyoil and Dollar

There was a glimmer of hope for bulls on Friday, but it was just a glimmer. Soybeans, meal and HRW closed higher, but the rest of the players fell off the merry-go-round. There was generally lower volume but the trend is clear – there is an over abundance of grain on world markets and U.S...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.255/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.3975/bushel, down $0.01 from yesterday's close.  Jan 26 Soybeans closed at $11.25/bushel, up $0.025 from yesterday's close.  Jan 26 Soymeal closed at $319.2/short ton, up $1.6 from...

Parsing Newly Resumed Macro Data

With the longest government shutdown in history now over, the flow of economic data has resumed.  Two key items of market interest are the September employment report and the August’s trade numbers. But they tell an uncertain story. especially when coupled with the Consumer Price Rep...

feed-grains soy-oilseeds wheat

Market Commentary: Friday’s Ends a Tough Week Except for Soyoil and Dollar

There was a glimmer of hope for bulls on Friday, but it was just a glimmer. Soybeans, meal and HRW closed higher, but the rest of the players fell off the merry-go-round. There was generally lower volume but the trend is clear – there is an over abundance of grain on world markets and U.S...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.255/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.3975/bushel, down $0.01 from yesterday's close.  Jan 26 Soybeans closed at $11.25/bushel, up $0.025 from yesterday's close.  Jan 26 Soymeal closed at $319.2/short ton, up $1.6 from...

Parsing Newly Resumed Macro Data

With the longest government shutdown in history now over, the flow of economic data has resumed.  Two key items of market interest are the September employment report and the August’s trade numbers. But they tell an uncertain story. especially when coupled with the Consumer Price Rep...

livestock

Despite Futures Pullback, Cow-Calf Profits Hit Records

With November and the fall calf run almost over, the U.S. beef industry now has its first truly solid estimates of the realized profitability of many cow-calf operations. Most operations wean and market calves in the fall, starting in September or early October and running through December, whi...

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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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