World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Mostly Sideways Ranges

SPREADS Sep. crush is 1.12c while oilshare trades at 46.90%.  The September roll continues, and is still a bulk of trading volume.   Sep/Dec corn widens out to 3c to 4c carry, while Dec/March carry trades from 7 1/4c to 7 3/4c carry.  Sep/Dec wheat trades out to 13c from 12 1/2c carry.   Dec wheat/corn trades to 1.82c from recent highs at 1.89c.  August /Nov bean inverse trades to 1.12 1/2c and values that were at 1.19c this week, as futures get ready to expire this week.  Sep/Nov inverse is 11 1/2c to 10 3/4c.  Nov/March bean carry is 1 3/4c to 3c. Sep/Dec meal is $2.00 to $2.30 carry. PALM OIL October futures jumped 305 ringgits, ending at 4,505 ringgit/mt, due to lower ending stocks data.&n...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.21/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.335/bushel, down $0.0775 from yesterday's close.  Nov 25 Soybeans closed at $10.265/bushel, up $0.06 from yesterday's close.  Dec 25 Soymeal closed at $283.5/short ton, up $0 from ye...

Identifying Mispricing Opportunities in Ag Futures

In many ways, human nature is fascinated with the future – predicting what will and what could be and formulating plans accordingly. This is one factor that makes commodity futures markets inherently intriguing – their role in foretelling the future. As WPI readers have likely exper...

livestock

Livestock Roundup: July WASDE Beef Forecast Update

Per USDA’s annual Cattle Inventory report, the total number of cattle and calves in the U.S. as of 1 January was at its lowest point in more than 70 years. Moreover, this was the sixth consecutive year of smaller cattle inventory since 2019. There was a reduction at virtually every level...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.21/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.335/bushel, down $0.0775 from yesterday's close.  Nov 25 Soybeans closed at $10.265/bushel, up $0.06 from yesterday's close.  Dec 25 Soymeal closed at $283.5/short ton, up $0 from ye...

Identifying Mispricing Opportunities in Ag Futures

In many ways, human nature is fascinated with the future – predicting what will and what could be and formulating plans accordingly. This is one factor that makes commodity futures markets inherently intriguing – their role in foretelling the future. As WPI readers have likely exper...

livestock

Livestock Roundup: July WASDE Beef Forecast Update

Per USDA’s annual Cattle Inventory report, the total number of cattle and calves in the U.S. as of 1 January was at its lowest point in more than 70 years. Moreover, this was the sixth consecutive year of smaller cattle inventory since 2019. There was a reduction at virtually every level...

feed-grains soy-oilseeds wheat

Market Commentary: Three-Factor Rally for Soy Complex; Corn Extends Gains

Overnight trade saw short covering and corrective trade in corn, soybeans, and wheat but only the former two markets were able to hold their gains. Soybeans saw a bullish day from the confluence of three factors – the NOPA crush report, fresh “flash” export sales, and Presiden...

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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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