World Perspectives
soy-oilseeds

WASDE Soybeans Jan 2025

USDA’s January estimate is for U.S. soybean production is down 95 million bushels to 4.366 billion bushels due to a 1 bushel per acre yield reduction – to average U.S. soybean yield of 50.7 bushels per acre. The U.S. season-average soybean price for 2024/25 is projected at $10.20 per bushel, unchanged from last month. The soybean meal price is raised $10 to $310 per short ton. The soybean oil price is unchanged at 43 cents per pound. Global soybean exports are unchanged while global soybean crush is raised 1.9 million tons to 349.3 million. Global soybean ending stocks are forecast at 128.4 million tons, down 3.5 million, on lower stocks for the United States and Brazil...

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feed-grains soy-oilseeds wheat

Market Commentary: Low Volume But Solid Intentions

The CME and traders recovered from a data center problem that halted overnight trading but it was the holiday interrupted week that sent trading volumes sharply lower on Friday. The day started with another flash sale of soybeans to China, evidencing that Beijing is committed to its agreement w...

livestock

Sow and Cattle Slaughter Dynamics

HOGS The USDA is releasing weekly slaughter data that was unavailable through the government shutdown. On average, through mid-November, sow slaughter has been around 57,400 head per week, which is about 3,400 head, or 5.6 percent lower than the weekly average of about 60,800 head per week in 2...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4775/bushel, up $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.385/bushel, down $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.3775/bushel, up $0.0625 from yesterday's close.  Jan 26 Soymeal closed at $318.7/short ton, down $1.7 f...

feed-grains soy-oilseeds wheat

Market Commentary: Low Volume But Solid Intentions

The CME and traders recovered from a data center problem that halted overnight trading but it was the holiday interrupted week that sent trading volumes sharply lower on Friday. The day started with another flash sale of soybeans to China, evidencing that Beijing is committed to its agreement w...

livestock

Sow and Cattle Slaughter Dynamics

HOGS The USDA is releasing weekly slaughter data that was unavailable through the government shutdown. On average, through mid-November, sow slaughter has been around 57,400 head per week, which is about 3,400 head, or 5.6 percent lower than the weekly average of about 60,800 head per week in 2...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4775/bushel, up $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.385/bushel, down $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.3775/bushel, up $0.0625 from yesterday's close.  Jan 26 Soymeal closed at $318.7/short ton, down $1.7 f...

livestock

Outlook for Cow Numbers Remains Limited

This year’s volatility in beef and cattle prices – particularly in the past two months – has heightened the industry’s interest in what the U.S. cattle herd will look like next year. The border closure with Mexico has certainly shrank cattle-on-feed inventories while str...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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