World Perspectives
feed-grains

Technical Views - Mostly Sideways

SPREADS Dec crush trades to 1.22c/bu while oilshare trades at 47.24%.   Dec/March corn trades 8 1/4c to 8 1/2c, Dec 21/22 inverse trades down to 6c from 9 1/4c.  Nov/Jan bean carry trades from 9 3/4c to 10 1/4c while the Nov 21/22 inverse falls to 2 3/4c from 7 3/4c.  Nov/March beans traded out to a new low at 18c.  Dec wheat/corn trades from 2.12 1/4 from 2.16c.  Dec/March wheat trades from 10c to 11 1/2c. PALM OIL November RBD palm oil and olein cash offers on Monday traded up $10/mt higher ending at $1.197.50/mt and $1,200.00 /mt, respectively.   NEWS Stocks are down 65 pts with crude oil weaker to $75.32/barrel, and the US dollar trading to 93.74. CALLS Calls are as follows: beans:  8...

Related Articles
livestock

Livestock Industry Margins

Beef packer margins improved for a second consecutive week but remained firmly negative. Margins rose $70/head to –$179 as the Choice cutout advanced $4.56/cwt and fed cattle prices were largely stable. The recovery narrowed the gap between breakeven and cash cattle values to roughly $19/...

feed-grains soy-oilseeds wheat

Market Commentary: Divergent Day Highlights Divergent Outlook

The CBOT started Wednesday’s overnight trade on a high note with traders returning from the prior day’s risk-off selling and finding support from export-led grain demand. Shortly after the day session began, however, hopes of higher trade for grains quickly evaporated as funds and s...

GI Chimera; Catch Bees with Honey; AI My Eye

GI Chimera The EU-Mercosur trade agreement has hit another stumbling block after the European Parliament asked the EU’s high court to first assess the text for its legality. Once that exercise is complete, Europe’s politicians promise plenty more hurdles to stymie agricultural impor...

livestock

Livestock Industry Margins

Beef packer margins improved for a second consecutive week but remained firmly negative. Margins rose $70/head to –$179 as the Choice cutout advanced $4.56/cwt and fed cattle prices were largely stable. The recovery narrowed the gap between breakeven and cash cattle values to roughly $19/...

feed-grains soy-oilseeds wheat

Market Commentary: Divergent Day Highlights Divergent Outlook

The CBOT started Wednesday’s overnight trade on a high note with traders returning from the prior day’s risk-off selling and finding support from export-led grain demand. Shortly after the day session began, however, hopes of higher trade for grains quickly evaporated as funds and s...

GI Chimera; Catch Bees with Honey; AI My Eye

GI Chimera The EU-Mercosur trade agreement has hit another stumbling block after the European Parliament asked the EU’s high court to first assess the text for its legality. Once that exercise is complete, Europe’s politicians promise plenty more hurdles to stymie agricultural impor...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2175/bushel, down $0.02 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, down $0.025 from yesterday's close.  Mar 26 Soybeans closed at $10.645/bushel, up $0.115 from yesterday's close.  Mar 26 Soymeal closed at $291.4/short ton, down $0.2...

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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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