World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - A Firmer Day

GOOD MORNING, Prices are mostly higher as strong performances this week emboldens the bean and soyoil bull. Soyoil futures have been in a strong uptrend since last year with consistently higher pullbacks holding for more upside on tight world vegoil supplies.  Crude oil trades to new highs this morning, with canola setting new contract highs this week.  Egypt purchased 60,000 mt in a completed tender on Thursday.  One commercial firm announced plans to upgrade their US bean plants across seven states, increasing load efficiency at numerous plants and expanding crush which is designed to meet increasing food demands, including increased biofuel demand as a return to normal traffic begins.   Oil World forecast the E...

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feed-grains soy-oilseeds wheat

Market Commentary: Cattle Retreat on Import News; Corn Posts New Lows on Midwest Rains

With the June Acreage and Grain Stocks reports past, the CBOT resumed trading its favorite variable for the peak of summer – weather. For Tuesday’s trade, this meant a focus on five-year highs in corn ratings and an excellent outlook for the crop into mid-July at least, which were t...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.06/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.49/bushel, up $0.1075 from yesterday's close.  Nov 25 Soybeans closed at $10.2725/bushel, up $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $287.6/short ton, down $1.7 f...

livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

feed-grains soy-oilseeds wheat

Market Commentary: Cattle Retreat on Import News; Corn Posts New Lows on Midwest Rains

With the June Acreage and Grain Stocks reports past, the CBOT resumed trading its favorite variable for the peak of summer – weather. For Tuesday’s trade, this meant a focus on five-year highs in corn ratings and an excellent outlook for the crop into mid-July at least, which were t...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.06/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.49/bushel, up $0.1075 from yesterday's close.  Nov 25 Soybeans closed at $10.2725/bushel, up $0.0025 from yesterday's close.  Dec 25 Soymeal closed at $287.6/short ton, down $1.7 f...

livestock

Feeder Cattle Import Update

As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwwor...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is closing several collection centers for this year’s wheat crop due to a drop in available wheat for purchase. At the end of last week, the total government purchases were at a little over 3.9 MMT against the governme...

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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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