World Perspectives
soy-oilseeds

Oilseed Highlights: Brazil’s Soybeans; U.S. Census Soymeal Data Revision; U.S. Soy Plantings; WASDE Soy Changes

Conab Reduces Brazilian Soybean Crop Estimate Conab, Brazil’s crop supply agency, today reduced its estimate for the country’s 2019 soybean crop by 1.6 percent from 115.343 MMT to 113.459 MMT. This change is based on an average yield of 3.168 MT/hectare (47.1 bushels/acre). Conab also lowered its forecast for Brazil’s soybean exports in its MY 2019/20 from 71.5 MMT to 70 MMT and pegged the previous marketing year total at 83.605 MMT. Brazil’s soybeans harvest is about 57 percent complete. Approximately 95 percent of the soybeans have been harvested in Mato Grosso versus only 8 percent in Rio Grande do Sul. In some states that have had persistent recent rainfall (e.g., Minas Gerais), farmers indicate there have been...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.11/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.2975/bushel, down $0.0875 from yesterday's close.  Nov 25 Soybeans closed at $10.095/bushel, down $0.02 from yesterday's close.  Dec 25 Soymeal closed at $276.5/short ton, down $2.8...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Sinks Grain Bull Hopes; Cattle Hit All-Time Highs

The theme for this week’s grain markets seems to be that of favorable weather, big crops, and increasingly bearish sentiment. That was certainly the case Tuesday, as corn, soybeans, soymeal, and wheat all sold off amid fund and commercial selling. Several markets/contracts hit new contrac...

Trump Trade Squeezes; USDA Staff Relocation; Scale and Trade

Trump Trade Squeezes It did not help the EU’s trade negotiating position in Scotland this past Sunday when its leaders had just come from China where President Xi Jinping rebuffed their demands for rebalancing the trading relationship. China’s overcapacity causes it to dump steel, a...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.11/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.2975/bushel, down $0.0875 from yesterday's close.  Nov 25 Soybeans closed at $10.095/bushel, down $0.02 from yesterday's close.  Dec 25 Soymeal closed at $276.5/short ton, down $2.8...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Sinks Grain Bull Hopes; Cattle Hit All-Time Highs

The theme for this week’s grain markets seems to be that of favorable weather, big crops, and increasingly bearish sentiment. That was certainly the case Tuesday, as corn, soybeans, soymeal, and wheat all sold off amid fund and commercial selling. Several markets/contracts hit new contrac...

Trump Trade Squeezes; USDA Staff Relocation; Scale and Trade

Trump Trade Squeezes It did not help the EU’s trade negotiating position in Scotland this past Sunday when its leaders had just come from China where President Xi Jinping rebuffed their demands for rebalancing the trading relationship. China’s overcapacity causes it to dump steel, a...

U.S.-EU Trade Agreement

President Trump and EU President Ursula von der Lynen announced on Sunday that they reached an outline of a Cooperation Agreement on Reciprocal, Fair and Balanced Trade. This is the Trump Administration’s fifth agreement to date, along with the UK, Japan, Indonesia, and Vietnam, which is...

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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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