World Perspectives
feed-grains

WASDE Soy Highlights; Soy Export Sales

May WASDE Soy Highlights  Today USDA released its May WASDE report, which includes its first forecasts for MY 2018/19. While almost certain to vary from what actually will occur, they do provide a better understanding of USDA analysts’ perspective. First, following are key changes in USDA estimates for MY 2017/18: The U.S. soybean crush volume was increased by 20 million bushels to 1.99 billion bushels (54.16 MMT) based on continued large monthly output. U.S. soybean ending stocks were reduced by 20 million bushels to 530 million bushels (14.43 MMT). U.S. soymeal exports were raised from 11.34 MMT to 11.52 MMT. U.S. soyoil exports were increased from 0.91 MMT to 1.04 MMT based on recent large sales. U.S. domestic soyoil u...

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feed-grains soy-oilseeds wheat

Market Commentary: Grains, Soyoil Sink in Pre-Holiday Trade; Soybeans, Cattle Strengthen

Pre-Thanksgiving trade is usually a light-volume, range-bound affair with few fireworks, but this year’s market action offered more interest than most. Corn futures indeed traded a tight range, but did so with surprisingly heavy volume that likely belies a rash of fund selling. Fund selling was...

Happy Thanksgiving

U.S. financial markets are closed for the U.S. Thanksgiving holiday on Thursday, 28 November. Consequently, WPI’s offices will be closed as well and no issue of Ag Perspectives will be published. Ag Perspectives will resume Friday, 29 November. We wish everyone a happy holiday! ...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.28/bushel, up $0 from yesterday's close. Mar 25 Wheat closed at $5.485/bushel, down $0.095 from yesterday's close. Jan 25 Soybeans closed at $9.8875/bushel, up $0.0525 from yesterday's close. Jan 25 Soymeal closed at $295.4/short ton, up $4 from yesterday...

feed-grains soy-oilseeds wheat

Market Commentary: Grains, Soyoil Sink in Pre-Holiday Trade; Soybeans, Cattle Strengthen

Pre-Thanksgiving trade is usually a light-volume, range-bound affair with few fireworks, but this year’s market action offered more interest than most. Corn futures indeed traded a tight range, but did so with surprisingly heavy volume that likely belies a rash of fund selling. Fund selling was...

Happy Thanksgiving

U.S. financial markets are closed for the U.S. Thanksgiving holiday on Thursday, 28 November. Consequently, WPI’s offices will be closed as well and no issue of Ag Perspectives will be published. Ag Perspectives will resume Friday, 29 November. We wish everyone a happy holiday! ...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.28/bushel, up $0 from yesterday's close. Mar 25 Wheat closed at $5.485/bushel, down $0.095 from yesterday's close. Jan 25 Soybeans closed at $9.8875/bushel, up $0.0525 from yesterday's close. Jan 25 Soymeal closed at $295.4/short ton, up $4 from yesterday...

Sino-Ag Roundup

Trade WarDonald Trump hasn’t even been sworn into office and is already roiling currency markets. The yuan, Mexican peso and Canadian dollar all slid this week on Trump’s social media claim that he will add tariffs on these three countries unless they stem the flow of drugs and illegal aliens i...

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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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