World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Weather Reversal

GOOD MORNING, If the rains washed away gains over the last several weeks, a bit of hot and dry is now turning prices higher.  In the meantime, the Commitment-of-Traders report showed that long positions were not only lightened up, but that funds were also net short wheat.   Wheat is higher on concerns that world production could fall due to lower supplies from the US, Canada, and Russia.  Forecasts for Canadian spring wheat and canola are expected to be cut in the coming weeks as the weather remains adverse.  Black Sea export prices, (Russia and Ukraine), have been on the rise.   Soyoil futures are lower with crude oil prices dipping on the back of a resurgence of the virus and therefore concerns for eco...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close.  May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Energies, Acreage Worries Support Soybeans; Wheat Drifts Lower

CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...

livestock

Greeley JBS Beef Plant on Strike

The JBS beef plant in Greeley, Colorado, went on strike yesterday. Today is day two of the labor shutdown. The Greeley plant can process about 6,000 head per day, or 5 percent of the U.S. beef supply. This is a major disruption. Notably, it comes on the heels of Tyson closing its plant in Lexin...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close.  May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Energies, Acreage Worries Support Soybeans; Wheat Drifts Lower

CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...

livestock

Greeley JBS Beef Plant on Strike

The JBS beef plant in Greeley, Colorado, went on strike yesterday. Today is day two of the labor shutdown. The Greeley plant can process about 6,000 head per day, or 5 percent of the U.S. beef supply. This is a major disruption. Notably, it comes on the heels of Tyson closing its plant in Lexin...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region The Muslim month of Ramadan is expected to end around 19 March with the beginning of the Eid-al-Fitr holiday — the Eid holiday lasts up to five days depending on the country. Businesses, banks, and government offices will be...

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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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