World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Bottom Tested

GOOD MORNING, Funds headed for the exits as charts started to build in resistance leading to selling yesterday, triggering sell-stops.  Funds sold 16,000 wheat, 45,000 corn, 30,000 beans, 12,500 meal, and 5000 soyoil.  This is the kind of selling that often does lead to a market top, since these are significant totals, but technicals have to match fundamentals.   It is particularly interesting as strong domestic demand will keep ending stocks of corn and beans near seven-year lows.  In order to meet the higher production estimates of 21/22, the US has to have an ideal growing season.  Looking at maps with the western Corn Belt extremely dry, tough to imagine that we are going to get all we need.  Prices...

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soy-oilseeds

Thailand Soy Tariffs Update

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Middle Power Potential; EU Mimics China

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FOB Prices and Freight Rates App (Updated 28 January)

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soy-oilseeds

Thailand Soy Tariffs Update

Thailand’s market is now officially reopened to soybean and soymeal imports as the government has resolved a lapse in tariff policy that caused import duties to default to prohibitively high levels earlier this month. On 27 January, the Thai Cabinet approved the continuation of its market...

Middle Power Potential; EU Mimics China

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livestock

Livestock Industry Margins

Beef packer margins remained deeply negative, with estimated net losses at -$185/head, little changed from the prior week. Rising boxed beef values continued to lag gains in fed cattle prices, keeping gross margins compressed despite incremental support from carcass weights and drop values. Rel...

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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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