World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn Crop Update Argentina’s corn crop continues to struggle against high temperatures and sporadic rainfall. By the end of last week, many areas needing precipitation received some relief, particularly in the northern core region and western agricultural zones. Currently, soils in the core region are at 50 percent of their maximum water capacity but are drying rapidly due to extreme heat. By the end of the week, almost all corn-growing areas experienced temperatures near or above 40°C (104°F), significantly increasing evapotranspiration and corn stress.  As of today, 30 percent of the crop is rated fair to poor, 51 percent is classified as normal, and only 19 percent is in good to excellent condition. While this represen...

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feed-grains soy-oilseeds wheat

Market Commentary: South American Weather, Harvest Pressure CBOT

Crop markets were lower to start the week with harvest progress in South America and increasingly favorable weather there weighing on values. Too, the Export Inspections data was lackluster for corn, wheat, and soybeans, which is not what traders wanted to see amid concerns about increased tari...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.825/bushel, down $0.0875 from yesterday's close.  May 25 Wheat closed at $5.935/bushel, down $0.105 from yesterday's close.  Mar 25 Soybeans closed at $10.29/bushel, down $0.105 from yesterday's close.  May 25 Soymeal closed at $300.9/short ton, down $3 f...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

In the week following the February WASDE, managed money traders’ sentiments towards the ag markets  changed relatively little. Funds perhaps most notably expanded their long position in corn by 10 percent to a new five-year seasonal record large position. Since Tuesday’s data r...

feed-grains soy-oilseeds wheat

Market Commentary: South American Weather, Harvest Pressure CBOT

Crop markets were lower to start the week with harvest progress in South America and increasingly favorable weather there weighing on values. Too, the Export Inspections data was lackluster for corn, wheat, and soybeans, which is not what traders wanted to see amid concerns about increased tari...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.825/bushel, down $0.0875 from yesterday's close.  May 25 Wheat closed at $5.935/bushel, down $0.105 from yesterday's close.  Mar 25 Soybeans closed at $10.29/bushel, down $0.105 from yesterday's close.  May 25 Soymeal closed at $300.9/short ton, down $3 f...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

In the week following the February WASDE, managed money traders’ sentiments towards the ag markets  changed relatively little. Funds perhaps most notably expanded their long position in corn by 10 percent to a new five-year seasonal record large position. Since Tuesday’s data r...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Week with some Bearish Headwinds

The last session of this holiday shortened trading week was much like the week itself, mixed with mostly declines. Though hogs, HRS and soymeal all had gains in the longer dated positions. South American weather and the volatile situation in macro markets with consumers pulling back each had th...

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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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