World Perspectives
soy-oilseeds

U.S. Soybean Crush Margin Outlook

The recent strength in U.S. soyoil and soymeal prices has helped push “board” crush margin (i.e., the margin implied or calculated by CBOT futures contracts) to new highs with the VVX margin hitting $1.62/bushel and the HHH margins topping the $1.45 mark for the first time in over a year. The recent surge follows historically strong margins that have persisted for most of MY 2023/24. The profitability offered by the crush margin has been one major factor driving the record-high soybean crush program this year.  The U.S. soybean crush now accounts for about 54 percent of the total annual use, making examination of processing margins and how they will drive the crush sector’s demand germane for soybean demand and pri...

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soy-oilseeds feed-grains wheat

Market Commentary: Next Week’s Weather Makes or Breaks

It was another day lower for the grain and oilseeds sectors, and another day of weak volume for corn and the soy sector. The causes have not changed: A strengthening dollar Very good harvest weather in the U.S. Potentially better weather in South America late next week If good rains materiali...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2475/bushel, down $0.035 from yesterday's close.  Dec 24 Wheat closed at $5.8975/bushel, down $0.1375 from yesterday's close.  Nov 24 Soybeans closed at $10.3775/bushel, down $0.0825 from yesterday's close.  Dec 24 Soymeal closed at $330.5/short ton, down...

Port Strike Suspended: A Look at Short-Term and Long-Term Issues

East and Gulf Coast port workers are back on the job today after striking on 1 October. Many of the affected ports will add weekend overtime hours to load trucks; several ports will remain closed to trucks today as containers are offloaded to prepared for resumptions of trucking. Importers repo...

soy-oilseeds feed-grains wheat

Market Commentary: Next Week’s Weather Makes or Breaks

It was another day lower for the grain and oilseeds sectors, and another day of weak volume for corn and the soy sector. The causes have not changed: A strengthening dollar Very good harvest weather in the U.S. Potentially better weather in South America late next week If good rains materiali...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2475/bushel, down $0.035 from yesterday's close.  Dec 24 Wheat closed at $5.8975/bushel, down $0.1375 from yesterday's close.  Nov 24 Soybeans closed at $10.3775/bushel, down $0.0825 from yesterday's close.  Dec 24 Soymeal closed at $330.5/short ton, down...

Port Strike Suspended: A Look at Short-Term and Long-Term Issues

East and Gulf Coast port workers are back on the job today after striking on 1 October. Many of the affected ports will add weekend overtime hours to load trucks; several ports will remain closed to trucks today as containers are offloaded to prepared for resumptions of trucking. Importers repo...

WPI Website Restored

Apologies to those that had trouble accessing WPI's website and analysis articles. Service has now been restored. Please advise if you are still having any issues and thank you for your patience during this technology glitch. ...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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