World Perspectives
feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Soybeans Market Overview Interestingly, soybean basis started to drop quickly last week for nearby shipments after several weeks of a stronger old crop market. The collapse started in Argentina with exporters trying to buy demand and offers suddenly posted at 180X FOB for November shipment. Earlier this year, those offers were at 210X, and the last trade was two weeks ago at 198X FOB. Argentina’s soybean basis fell sharply because of the dramatic weakening in soymeal basis around the world in recent weeks. The latter is the result of U.S. crushers covering most global soymeal demand due to the U.S. soybeans being the cheapest by far in the world. In turn, that has taken business away from other suppliers like Argentina, Brazil and...

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feed-grains soy-oilseeds wheat

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The primary drivers of Monday’s grain trade were, of course, the U.S. and Israel’s weekend attacks on Iran that killed the latter country’s Supreme Leader Khamenei and the subsequent cascade of impacts on global markets. WPI covers these impacts in more detail in our nearby ar...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4575/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.7725/bushel, down $0.1425 from yesterday's close.  May 26 Soybeans closed at $11.64/bushel, down $0.0675 from yesterday's close.  May 26 Soymeal closed at $312.9/short ton, down...

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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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