World Perspectives
soy-oilseeds

Olive Oil Shortage

The price of olive oil has hit over $6,000/MT on a combination of increased demand and a production shortfall in Spain caused by drought, or what some claim is more permanent adverse consequence of climate change. Europe has historically dominated the world’s production of olive oil, producing up to 70 percent of the supply. That share dropped off more recently as production elsewhere in the world hit a new high at the same time European production has failed to repeat the peak it achieved in 2019. U.S. production mostly occurs in California, which has its own version of drought problems. It may require breeding a more drought tolerant olive tree to restore a supply/demand balance. ...

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feed-grains soy-oilseeds wheat

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The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

feed-grains soy-oilseeds wheat

March Grain Stocks Summary

The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

Forlorn or Failure; Fertile or Futile; AI Impacts; Dirty Dozen Disinformation

Forlorn or Failure The spin from the WTO on the organization’s recent MC14 meetings was that a lot of decisions were adopted, progress was made, and while the event “ran out of time,” new commitments on outstanding issues can still be made in Geneva. Director-General Ngozi Oko...

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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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