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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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5375/bushel, down $0.0675 from yesterday's close.  May 26 Wheat closed at $6.0325/bushel, down $0.135 from yesterday's close.  May 26 Soybeans closed at $11.9625/bushel, down $0.045 from yesterday's close.  May 26 Soymeal closed at $313.5/short ton, down...

feed-grains soy-oilseeds wheat

Market Commentary: Crude Oil Rally and Crash Drives Whipsaw CBOT Action

The massive rally in energy markets remains the primary story underpinning ag markets. Front-month crude oil futures ripped higher overnight and traded above $100/brl for the first time since July 2022 before scoring an overnight high just shy of $120/brl. That strength pulled ag markets &ndash...

Process Standards as NTBs; Nazi Food

Process Standards as NTBs California’s Prop 12, which a House Agriculture Committee-passed farm bill is supposed to override, restricts the sale of pork and eggs in the state if not produced according to its restrictive standards. Such processing restrictions have long been used as nontar...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5375/bushel, down $0.0675 from yesterday's close.  May 26 Wheat closed at $6.0325/bushel, down $0.135 from yesterday's close.  May 26 Soybeans closed at $11.9625/bushel, down $0.045 from yesterday's close.  May 26 Soymeal closed at $313.5/short ton, down...

feed-grains soy-oilseeds wheat

Market Commentary: Crude Oil Rally and Crash Drives Whipsaw CBOT Action

The massive rally in energy markets remains the primary story underpinning ag markets. Front-month crude oil futures ripped higher overnight and traded above $100/brl for the first time since July 2022 before scoring an overnight high just shy of $120/brl. That strength pulled ag markets &ndash...

Process Standards as NTBs; Nazi Food

Process Standards as NTBs California’s Prop 12, which a House Agriculture Committee-passed farm bill is supposed to override, restricts the sale of pork and eggs in the state if not produced according to its restrictive standards. Such processing restrictions have long been used as nontar...

energy

Iran War Hits Fertilizer Supply and Disrupts SMP Trade

Today the war in Iran has hit its 10th day. Iranian forces have sustained their retaliatory strikes on US military assets and other key infrastructure in Kuwait, Qatar, Saudi Arabia, and the UAE. The latest Iranian attacks on Bahrain have damaged a water desalination plant. Further, more than a...

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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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