World Perspectives
wheat

WASDE Wheat

Wheat: USDA reduced U.S. wheat exports for the 2024/25 season by 15 million bushels and increased imports by 10 million bushels.  The result is that U.S. ending stocks are raised 25 million bushels to 819 million, up 18 percent from last year. Thus, the U.S. season-average farm price is reduced $0.05 per bushel to $5.50. USDA’s global wheat outlook is for increased supplies by 5.4 million tons to 1,066.7 million. China’s imports are reduced 1.5 million tons to 6.5 million and are less than half of its 2023/24 imports. Projected 2024/25 global ending stocks are raised 2.5 million tons to 260.1 million, mostly on increases for Turkey, Argentina, the United States, Australia, and Russia...

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May 26 Corn closed at $4.655/bushel, down $0.0425 from yesterday's close.  May 26 Wheat closed at $5.9525/bushel, down $0.1275 from yesterday's close.  May 26 Soybeans closed at $11.6125/bushel, down $0.0725 from yesterday's close.  May 26 Soymeal closed at $328/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Pragmatic Escape Ahead of Weekend

On Monday of this week, traders were met with limit-down losses in soybeans, plus double-digit losses in corn, soymeal, and wheat. For many, it didn’t feel good. The war in Iran presented surprises, including the postponement of a Trump-Xi meeting expected to sell some soybeans. Fundament...

livestock

Cattle on Feed Report: Neutral

USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.5 million head, just slightly below last year.  Marketings were 1.52 million head, at 93 percent of last year, in line with the pre...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.655/bushel, down $0.0425 from yesterday's close.  May 26 Wheat closed at $5.9525/bushel, down $0.1275 from yesterday's close.  May 26 Soybeans closed at $11.6125/bushel, down $0.0725 from yesterday's close.  May 26 Soymeal closed at $328/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Pragmatic Escape Ahead of Weekend

On Monday of this week, traders were met with limit-down losses in soybeans, plus double-digit losses in corn, soymeal, and wheat. For many, it didn’t feel good. The war in Iran presented surprises, including the postponement of a Trump-Xi meeting expected to sell some soybeans. Fundament...

livestock

Cattle on Feed Report: Neutral

USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.5 million head, just slightly below last year.  Marketings were 1.52 million head, at 93 percent of last year, in line with the pre...

soy-oilseeds biofuel energy

Soy Product Pricing and Crush Margins Amid Energy Uncertainty

Volatility has been the key word for commodity markets lately, especially the energy complex and anything loosely tied to it. The effective derivatives of the energy complex include, through the linkages of biodiesel, soyoil, and soybeans, and these markets have seen incredible rallies this yea...

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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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