World Perspectives
feed-grains soy-oilseeds wheat

Where Did All That Corn Come From?

That is the question for this month’s WASDE. USDA accepted China’s massive adjustment in corn stocks plus a relatively small upward one in its wheat stocks. Both USDA and China also increased the latter’s corn carry-in by 143 MMT from the October estimate. In addition, USDA boosted China’s 2018 corn production estimate by about 30 MMT, which means it found almost an entire “new” corn crop there in one 30-day period. These numbers have of course prompted many questions and much skepticism over how good any of China’s numbers are. More importantly, numerous traders and analysts are wondering why that country is even included in the world wheat and corn supply/demand estimates if it is so unreliable. T...

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FOB Prices and Freight Rates App (Updated 10 September)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Market Commentary: A Tale of Two Markets: Grains Consolidate While Cattle Correction Accelerates

Note: WPI’s data supplier for futures pricing and data experienced a significant outage on Tuesday, 9 September. All prices/quotes in this article are believed to be correct, but clients should double-check values before acting on any information contained herein.  The ag markets sho...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, down $0.02 from yesterday's close.  Dec 25 Wheat closed at $5.2025/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.3125/bushel, down $0.025 from yesterday's close.  Dec 25 Soymeal closed at $289/short ton, up $3.4 f...

FOB Prices and Freight Rates App (Updated 10 September)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Market Commentary: A Tale of Two Markets: Grains Consolidate While Cattle Correction Accelerates

Note: WPI’s data supplier for futures pricing and data experienced a significant outage on Tuesday, 9 September. All prices/quotes in this article are believed to be correct, but clients should double-check values before acting on any information contained herein.  The ag markets sho...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, down $0.02 from yesterday's close.  Dec 25 Wheat closed at $5.2025/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.3125/bushel, down $0.025 from yesterday's close.  Dec 25 Soymeal closed at $289/short ton, up $3.4 f...

livestock

EV’s, Pork, and Trade

Last Friday China announced it would impose temporary anti-dumping duties on  pork imports from the EU.  China's commerce ministry said that the investigation has "preliminarily determined that imports of relevant pork and pig by-products originating in the European Union&nb...

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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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