World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Breaks But Well Supported

THE OPEN July beans:  24 higher July meal:  4.50 higher July soyoil: 120 pts higher July corn:  14 higher July wheat:  6 higher The market opened as called with profit-taking and active index fund rolling taking place. Wheat futures turned lower from higher, having never really joined the rally.  Ultimately declining July open interest weighed on spreads and brought some pressure to flat-priced trade as well.  At 10:00 export inspections were released as follows: Corn:  1,413,073 mt vs. 2,104,363 mt week ago (vs. an expected 1.8 mt) Wheat: 418,547 mt vs. 260,288 mt week ago (vs. an expected 340,000 mt) Beans:  237,108 mt vs. 194,131 mt week ago (vs. an expected 200,000 mt) Corn export inspe...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is reportedly late in payment on a number of Ukraine wheat vessels – six that have been unloaded and two in Egyptian ports. The total value is said to be in excess of $30 million. The shipper says that there has been s...

livestock

Livestock Industry Margins

Beef packer margins snapped a six-week string of losses and gained $73/head last week due to gains in beef prices and weaker fed cattle prices. Margis were still very weak by historical records (-$143/head) but at least started to trend in the right direction. Beef values are holding steady hea...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Surge on China Framework, Trade Deals; Cattle Bull Market Is Over

Trade agreements were the story of the day as the U.S. reached deals with Malaysia, Cambodia, Thailand, and Vietnam and a framework for a U.S.-China agreement that could result in “substantial” purchases of U.S. soybeans. The latter statement came from U.S. Treasury Secretary Bessen...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is reportedly late in payment on a number of Ukraine wheat vessels – six that have been unloaded and two in Egyptian ports. The total value is said to be in excess of $30 million. The shipper says that there has been s...

livestock

Livestock Industry Margins

Beef packer margins snapped a six-week string of losses and gained $73/head last week due to gains in beef prices and weaker fed cattle prices. Margis were still very weak by historical records (-$143/head) but at least started to trend in the right direction. Beef values are holding steady hea...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Surge on China Framework, Trade Deals; Cattle Bull Market Is Over

Trade agreements were the story of the day as the U.S. reached deals with Malaysia, Cambodia, Thailand, and Vietnam and a framework for a U.S.-China agreement that could result in “substantial” purchases of U.S. soybeans. The latter statement came from U.S. Treasury Secretary Bessen...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, up $0.055 from yesterday's close.  Dec 25 Wheat closed at $5.26/bushel, up $0.135 from yesterday's close.  Nov 25 Soybeans closed at $10.6725/bushel, up $0.255 from yesterday's close.  Dec 25 Soymeal closed at $298.2/short ton, up $4.1 from y...

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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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