World Perspectives
feed-grains

Technical Views - The Upshot

SPREADS Dec crush trades to 1.36c/bu while oilshare trades to new highs at 49.47%.  Bean spreads are weaker as November contracts continue to roll forward.  Nov/Jan bean carry trades from 11c to 11 1/2c, while Nov 21/22 trades from 1 3/4c to 6 3/4c carry.  Nov/March bean spread trades out to 21 1/4c.  Dec/March corn trades from 8 3/4c to 9c, while the Dec 21/22 inverse trades from 9 1/2c to 6 1/4c.  Dec /March wheat trades from 13 1/4c to 13 3/4c carry.  Dec wheat/corn trades from 2.06 1/4c to 2.05c. PALM OIL Dec down 27 ringgits/mt.  Cash offers down $5/mt.    NEWS Stocks are up 20 pts. while crude trades to $79.66/barrel. The US dollar trades down to 94.12.   CALLS Calls today...

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Show us the Beef; Cost of Living (crisis); State Excesses

Show us the Beef The last American president with a knowledge of agriculture was Jimmy Carter back in the 1970’s. The largest problem policymakers have is squaring the competing concerns of consumers and producers. The latest example is beef. President Trump is increasing beef imports to...

feed-grains soy-oilseeds wheat

European Market Analysis

Milling Wheat  European wheat markets remain under pressure amid heavy global supplies and as aggressive Black Sea and Argentine offers cap any rallies. Too, the firmer euro has further eroded EU export competitiveness just as FOB offers from Argentina near $209–211/MT for 11.5 perce...

feed-grains soy-oilseeds wheat

Daily Estimate of Managed Money Positioning in Ag Futures

Amid the ongoing delays in releasing the backlogged CFTC data, WPI presents the following estimates of managed money traders’ positioning in key agricultural futures markets. WPI’s estimates are based on econometric and signal processing methods that use futures price, volume, and o...

Show us the Beef; Cost of Living (crisis); State Excesses

Show us the Beef The last American president with a knowledge of agriculture was Jimmy Carter back in the 1970’s. The largest problem policymakers have is squaring the competing concerns of consumers and producers. The latest example is beef. President Trump is increasing beef imports to...

feed-grains soy-oilseeds wheat

European Market Analysis

Milling Wheat  European wheat markets remain under pressure amid heavy global supplies and as aggressive Black Sea and Argentine offers cap any rallies. Too, the firmer euro has further eroded EU export competitiveness just as FOB offers from Argentina near $209–211/MT for 11.5 perce...

feed-grains soy-oilseeds wheat

Daily Estimate of Managed Money Positioning in Ag Futures

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soy-oilseeds

WASDE Soybeans - Nov 2025

USDA’s November 2025 estimate is for U.S. soybean ending stocks to decrease 10 million bushels to 290. The projected U.S. season-average soybean price received by farmers is increased 50 cents to $10.50 per bushel. The global ending stocks of soybeans is reduced 2.0 million tons to 122.0...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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