World Perspectives
soy-oilseeds

Oilseed Highlights: Limping Along

The MarketSoybean futures continue their steady, narrow-range trading. South America is the big unknown and hedging both upside and downside risk means hovering right where we are. Soybean export sales last week were the second lowest of the marketing year, indicating buyers see lower prices ahead. Ten more weeks of South American weather will reveal the truth. For now, the January contract continues to be bracketed between the 20-day and 50-day moving averages. 12122024oilseeds_beans.png 831.29 KBSoymeal export sales were also underwhelming – the worst since mid-October. But after getting beat down pretty good, traders are giving it a slight reprieve from punishment.12122024MC_soymeal.png 142.82 KBSoyoil export sales last week were th...

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Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt has seen a sharp rise in wheat prices due to increased shipping costs and the 9 percent drop in the value of Egypt’s currency. Wheat prices in Egypt are said to be up by as much as $24/MT. Both ocean freight costs and...

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May 26 Corn closed at $4.625/bushel, up $0.03 from yesterday's close.  May 26 Wheat closed at $5.9/bushel, up $0.0225 from yesterday's close.  May 26 Soybeans closed at $11.55/bushel, down $0.085 from yesterday's close.  May 26 Soymeal closed at $322.4/short ton, down $4.2 from y...

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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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