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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feed-grains soy-oilseeds wheat

Market Commentary: Grains Give up Gains while Cattle Turn Higher on Cash Trade

The CBOT saw its typical low-volume post-Christmas trading session on Friday, but low trading volume didn’t stop the markets from making some notable technical moves. The first of which, on a broad scale, is that early strength in corn, the soy complex, and to a lesser extent wheat, all f...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.5/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.19/bushel, down $0.0275 from yesterday's close.  Mar 26 Soybeans closed at $10.725/bushel, down $0.04 from yesterday's close.  Mar 26 Soymeal closed at $307.4/short ton, down $0.7 fro...

Holiday Schedule

Financial markets will be closed on Thursday, 25 December for the Christmas holiday. As a result, there will be no Ag Perspectives report on Thursday. WPI wishes everyone a joyous and safe holiday. WPI will resume operations on Friday, 26 December. Note that Ag Perspectives will be providing ma...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Give up Gains while Cattle Turn Higher on Cash Trade

The CBOT saw its typical low-volume post-Christmas trading session on Friday, but low trading volume didn’t stop the markets from making some notable technical moves. The first of which, on a broad scale, is that early strength in corn, the soy complex, and to a lesser extent wheat, all f...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.5/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.19/bushel, down $0.0275 from yesterday's close.  Mar 26 Soybeans closed at $10.725/bushel, down $0.04 from yesterday's close.  Mar 26 Soymeal closed at $307.4/short ton, down $0.7 fro...

Holiday Schedule

Financial markets will be closed on Thursday, 25 December for the Christmas holiday. As a result, there will be no Ag Perspectives report on Thursday. WPI wishes everyone a joyous and safe holiday. WPI will resume operations on Friday, 26 December. Note that Ag Perspectives will be providing ma...

feed-grains soy-oilseeds wheat

Market Commentary: Exports, Conflict, Dry Weather Boost CBOT Before Holiday

The CBOT was mostly higher before the Christmas holiday with grains in the lead, though with each market seeing a different fundamental driver. Wheat futures rallied on the once-again-escalating tensions in the Black Sea and dry weather in the U.S. southern plains that has left the wheat crop v...

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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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