World Perspectives
feed-grains soy-oilseeds wheat

Markets Fall on WASDE and Trade War

Today’s March USDA WASDE report did nothing to temper the bearish mood in both commodity and equity markets. Volume was light ahead of the WASDE release and stayed that way. While corn and soybeans traded mostly in the green ahead of the report, wheat had no reason to be bullish. There was lots of two sided trading, including in Feeder Cattle where the April contract was taken above resistance, and then closed on a loss. The big print changes in the WASDE, which were in fact small, included the following: Corn: USDA left the domestic corn balance sheet unchanged but reduced global beginning stocks, while increasing production and use, and ultimately lowering world ending stocks. Soybeans: The agency marginally reduced domestic seed us...

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WPI Grain Transportation Report

Dry bulk freight markets were quiet this past week and continued the trend that has been present since mid-October. The quiet trade let rates drift lower with disappointment about the slow appearance of Chinese demand weighing on market sentiment. The U.S.-China trade deal was thought to be lik...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, down $0.065 from yesterday's close.  Dec 25 Wheat closed at $5.355/bushel, down $0.1925 from yesterday's close.  Jan 26 Soybeans closed at $11.075/bushel, down $0.2675 from yesterday's close.  Dec 25 Soymeal closed at $312.7/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections Lower, and Maybe Yet Lower

There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation. Soybeans, meal, and wheat have all been overbought with high RSI’s. ...

WPI Grain Transportation Report

Dry bulk freight markets were quiet this past week and continued the trend that has been present since mid-October. The quiet trade let rates drift lower with disappointment about the slow appearance of Chinese demand weighing on market sentiment. The U.S.-China trade deal was thought to be lik...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, down $0.065 from yesterday's close.  Dec 25 Wheat closed at $5.355/bushel, down $0.1925 from yesterday's close.  Jan 26 Soybeans closed at $11.075/bushel, down $0.2675 from yesterday's close.  Dec 25 Soymeal closed at $312.7/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections Lower, and Maybe Yet Lower

There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation. Soybeans, meal, and wheat have all been overbought with high RSI’s. ...

livestock

Livestock Roundup: U.S. and Global Beef Markets

USDA confirmed last Friday, 31 October, that despite the shutdown several key reports will be issued, including the November Cattle on Feed report, scheduled for 21 November.  There will be no data from the October report, but that information could be available through the month-to-month...

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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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