World Perspectives
soy-oilseeds

Oilseed Highlights: Riding the WASDE Wave

The Market Due to the strong yesterday from USDA’s October WASDE report, November soybeans ended the trading week up 14.25 cents. It traded intrasession just a fraction away from the psychological $13 level but it seems stuck just below that for a while to come. Export sales are below USDA’s forecasted pace but ahead of last year due to strong Chinese demand. December soybean meal surged $15.80 yesterday, in part due to a 100 KMT sale that was announced today. Strong meal sales enabled the contract to gain $17.90 on the week and close it out at $390/ST. It traded today at $399 but it is challenged to break its psychological $400 level. By contrast, December soyoil lost about a penny this week and continues to struggle. ...

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livestock

Livestock Industry Margins

Beef packer margins reversed sharply to -$17/head from $120/head the prior week, as rising fed cattle prices more than offset a modest decline in the Choice cutout. Fed cattle prices increased $12.92/cwt from the prior week while the cutout slipped $3.24/cwt, compressing gross margins and pushi...

feed-grains soy-oilseeds wheat

Market Commentary: The Long-Run Draws Near

The CBOT markets were surprisingly insulated from a jump in crude oil that started the week. Crude oil futures rallied to $115/brl - their highest levels since the earliest days of the U.S.-Iran war - on rhetoric from the White House that signaled an escalation in the conflict. While the oil he...

Farmland Consolidation

Under the theory of economies of scale, the size of farms, like that of all industries, should increase over time due to improvements in productivity. Farmers themselves understand that the more land they farm, the greater their output and, thus, the larger their potential incomes. Government p...

livestock

Livestock Industry Margins

Beef packer margins reversed sharply to -$17/head from $120/head the prior week, as rising fed cattle prices more than offset a modest decline in the Choice cutout. Fed cattle prices increased $12.92/cwt from the prior week while the cutout slipped $3.24/cwt, compressing gross margins and pushi...

feed-grains soy-oilseeds wheat

Market Commentary: The Long-Run Draws Near

The CBOT markets were surprisingly insulated from a jump in crude oil that started the week. Crude oil futures rallied to $115/brl - their highest levels since the earliest days of the U.S.-Iran war - on rhetoric from the White House that signaled an escalation in the conflict. While the oil he...

Farmland Consolidation

Under the theory of economies of scale, the size of farms, like that of all industries, should increase over time due to improvements in productivity. Farmers themselves understand that the more land they farm, the greater their output and, thus, the larger their potential incomes. Government p...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0.0175 from yesterday's close.  May 26 Wheat closed at $5.9525/bushel, down $0.03 from yesterday's close.  May 26 Soybeans closed at $11.6675/bushel, up $0.0325 from yesterday's close.  May 26 Soymeal closed at $316.6/short ton, up $1.4 fro...

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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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