World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

General Comments Overnight trading of grain and soy futures experienced better volume than has been seen recently, but this did not translate into significant price changes. Soybeans were up about 2.5 cents, wheat was down a penny or so, and corn was fractionally higher. Traders were surprised by the surge of open interest (O/I) for corn and Chicago wheat futures after Tuesday’s trade. Corn O/I was up 27,758 contracts, and Chicago wheat O/I climbed 18,739 contracts. By contrast, soybean O/I was up a mere 49 contracts. The assumption is technical weakness encouraged noncommercials to add substantially to their short positions in corn and Chicago wheat yesterday, and now the former is close to or perhaps above 200,000 contracts and th...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.855/bushel, up $0.015 from yesterday's close.  Jul 25 Wheat closed at $5.45/bushel, up $0.005 from yesterday's close.  Jul 25 Soybeans closed at $10.5925/bushel, down $0.0275 from yesterday's close.  Jul 25 Soymeal closed at $298.5/short ton, up $1.8 from...

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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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