World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Lots of Support

GOOD MORNING, Funds continue to buy the market and are now long an estimated 180K beans, 50K meal, 106K soyoil, 390K corn, and even wheat.   On May 12 we get the next USDA Supply and Demand report, which updates US and world 2021 corn and bean numbers, and gives our first stats of 21/22 crops.  USDA May 12 report will contain NASS' first US 2021 winter wheat production forecast.   July corn trades over $7.00 for the first time since 2013 on a firm basis, lower crop production from Brazil, and light farmer selling.  StoneX forecasts the crop now at 100.25 mmt, which is 8.75 mmt lower than the USDA April outlook.  Talk is that the actual production is much lower than this.  Brazil's ANEC said there wo...

Related Articles
feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.48/bushel, down $0.0175 from yesterday's close.  Jul 25 Wheat closed at $5.1525/bushel, down $0.065 from yesterday's close.  Jul 25 Soybeans closed at $10.7125/bushel, up $0.195 from yesterday's close.  Jul 25 Soymeal closed at $298.1/short ton, up $4 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Market Movers Galore Move Markets

A tariff truce, export inspections, WASDE and crop progress. Monday was action packed and the much-anticipated USDA May WASDE report did not disappoint. In general, it was mixed for corn, bullish for soybeans, and bearish for wheat. In fact, all three major wheat contracts registered new contra...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn   Argentina’s corn harvest continues to progress slowly, not only because the focus remains on soybeans — with more than 21 percent harvested in just one week — but also due to rains recorded in several areas. To date, 34 percent of the estimated corn area has b...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.48/bushel, down $0.0175 from yesterday's close.  Jul 25 Wheat closed at $5.1525/bushel, down $0.065 from yesterday's close.  Jul 25 Soybeans closed at $10.7125/bushel, up $0.195 from yesterday's close.  Jul 25 Soymeal closed at $298.1/short ton, up $4 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Market Movers Galore Move Markets

A tariff truce, export inspections, WASDE and crop progress. Monday was action packed and the much-anticipated USDA May WASDE report did not disappoint. In general, it was mixed for corn, bullish for soybeans, and bearish for wheat. In fact, all three major wheat contracts registered new contra...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn   Argentina’s corn harvest continues to progress slowly, not only because the focus remains on soybeans — with more than 21 percent harvested in just one week — but also due to rains recorded in several areas. To date, 34 percent of the estimated corn area has b...

U.S. and China Agree to Cut Tariffs for 90 Days and Continue Negotiating

After weeks of Chinese denials that they were engaged in talks with the U.S on tariffs, the governments of the United States and the People’s Republic of China issued a joint statement this morning saying that they would rescind reciprocal tariffs for the coming 90 days. It included: ...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up