World Perspectives
feed-grains soy-oilseeds wheat

Argentine Weather Emboldens CBOT Bulls

The CBOT found its way to higher ground on Thursday after an old-school hard opening with no overnight session to guide the market. Argentina’s weather is starting to become more impactful for grain futures as dryness persists into the mid-January forecast, which could disrupt early corn and soybean yield potential. The weather story emboldened CBOT bulls and sent soybeans, soymeal, corn, and wheat all higher for the day. Corn and soybeans, along with soymeal, all scored bullish technical days on the charts that should continue to keep funds actively engaged on the long side of the market. Some of the impact of the day’s technical developments may be blunted by the typically light trade between the Christmas and New Years holidays, but the...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn Reversal Continues; Weather, Conditions Ratings Sink Soybeans

The big move at the CBOT Tuesday was a 1¾-cent gain in December corn futures – which isn’t much but that the development followed Monday’s bullish reversal is. The strength in new crop corn defies much of the fundamental outlook and suggests traders are sensing somethin...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0175 from yesterday's close.  Sep 25 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.0175/bushel, down $0.0525 from yesterday's close.  Dec 25 Soymeal closed at $279.5/short ton, down $2...

Trade War Dynamics

First quarter global merchandise trade accelerated faster than expected as everyone expedited purchases ahead of tariffs and potential slowing of import demand. These market exchanges have likely remained accelerated ahead of the now 1 August tariff deadline, but increased costs were apparent i...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Reversal Continues; Weather, Conditions Ratings Sink Soybeans

The big move at the CBOT Tuesday was a 1¾-cent gain in December corn futures – which isn’t much but that the development followed Monday’s bullish reversal is. The strength in new crop corn defies much of the fundamental outlook and suggests traders are sensing somethin...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0175 from yesterday's close.  Sep 25 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.0175/bushel, down $0.0525 from yesterday's close.  Dec 25 Soymeal closed at $279.5/short ton, down $2...

Trade War Dynamics

First quarter global merchandise trade accelerated faster than expected as everyone expedited purchases ahead of tariffs and potential slowing of import demand. These market exchanges have likely remained accelerated ahead of the now 1 August tariff deadline, but increased costs were apparent i...

Consumer Price Index and Employment Reports

The Bureau of Labor Statistics (BLS) released the June CPI this morning. The CPI increased 0.3 percent on a seasonally adjusted basis in June, after rising 0.1 percent in May. The CPI is at its highest since January of this year. Over the last 12 months, the all-items index increased 2.7 percen...

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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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