World Perspectives
soy-oilseeds

WASDE Soybeans

USDA kept their estimate unchanged at 220 million bushels for U.S. soybean ending stocks. The estimate for U.S. production was reduced 42 million on lower yields, but beginning stocks were increased and soybean exports reduced 35 million bushels to 1.76 billion (due to increased competition from South America). Thus, estimate for unchanged U.S. ending stocks.  The U.S. season-average soybean price for 2023/24 is unchanged at $12.90 per bushel. Soybean meal and oil prices are unchanged at $380 per short ton and 63 cents per pound. Global soybean ending stocks are lowered 3.6 million tons to 115.6 million mainly on lower stocks for China, Brazil, and India.  ...

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Green Despite Many Obstacles

There was mostly green on the board for Friday and for the week as a whole. Another contract high was printed by soyoil as higher energies, higher inflation, and heightened geopolitical tensions all favored commodities.  There are some topical contrasts. For example, the cattle market is t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, up $0.05 from yesterday's close.  May 26 Wheat closed at $5.915/bushel, up $0.17 from yesterday's close.  May 26 Soybeans closed at $11.7075/bushel, up $0.0725 from yesterday's close.  May 26 Soymeal closed at $320.5/short ton, down $0.4 from...

livestock

Cold Storage Report: Up over Last Month, Down on the Year

The Cold Storage report for January showed that red meat and poultry supplies rose from the month ending December, but total supplies are down from a year ago and well below the 5-year average. Total supplies were 1.878 billion pounds, down 2.5 percent from a year ago. This indicates a tighteni...

feed-grains soy-oilseeds wheat

Market Commentary: Green Despite Many Obstacles

There was mostly green on the board for Friday and for the week as a whole. Another contract high was printed by soyoil as higher energies, higher inflation, and heightened geopolitical tensions all favored commodities.  There are some topical contrasts. For example, the cattle market is t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, up $0.05 from yesterday's close.  May 26 Wheat closed at $5.915/bushel, up $0.17 from yesterday's close.  May 26 Soybeans closed at $11.7075/bushel, up $0.0725 from yesterday's close.  May 26 Soymeal closed at $320.5/short ton, down $0.4 from...

livestock

Cold Storage Report: Up over Last Month, Down on the Year

The Cold Storage report for January showed that red meat and poultry supplies rose from the month ending December, but total supplies are down from a year ago and well below the 5-year average. Total supplies were 1.878 billion pounds, down 2.5 percent from a year ago. This indicates a tighteni...

livestock

Hog and Pork Outlook

The recent volatility in lean hog futures — from fresh contract highs at the end of January to the dramatic early-February selloff — has many in the industry (and WPI clients) wondering what will happen next. WPI’s latest analysis indicates that while pork demand remains stron...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up