World Perspectives
feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed continued selling activity from managed money funds in the grain and oilseed sector. The action was expected, given the weakness in futures over the past few weeks and funds’ positions as of last Tuesday were in line with expectations. In the soy complex, funds nearly doubled their short position in the soybean market and added one-third to their short soymeal position, which now sits at a new five-year seasonal record. Funds were net sellers in soyoil through Tuesday, but ...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls as Big Crops Get Bigger

The CBOT was mostly bearish on Friday under the primary theme that big crops get bigger. That is true of Brazil’s safrinha production, the outlook for which CONAB raised yesterday, and Argentina’s soybean crop per the Rosario Grains Exchange’s latest estimates. Similarly, whea...

U.S. Agriculture Crisis

U.S. farmers’ export markets were challenging before the trade war, and they are not coming back. It is time for Plan B. The trade agreement still being negotiated with the United Kingdom will supposedly allow U.S. beef producers to fill up to 1.5 percent of the British market. Except the...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.435/bushel, down $0.05 from yesterday's close.  Jul 25 Wheat closed at $5.25/bushel, down $0.0775 from yesterday's close.  Jul 25 Soybeans closed at $10.5/bushel, down $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $4.5 f...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls as Big Crops Get Bigger

The CBOT was mostly bearish on Friday under the primary theme that big crops get bigger. That is true of Brazil’s safrinha production, the outlook for which CONAB raised yesterday, and Argentina’s soybean crop per the Rosario Grains Exchange’s latest estimates. Similarly, whea...

U.S. Agriculture Crisis

U.S. farmers’ export markets were challenging before the trade war, and they are not coming back. It is time for Plan B. The trade agreement still being negotiated with the United Kingdom will supposedly allow U.S. beef producers to fill up to 1.5 percent of the British market. Except the...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.435/bushel, down $0.05 from yesterday's close.  Jul 25 Wheat closed at $5.25/bushel, down $0.0775 from yesterday's close.  Jul 25 Soybeans closed at $10.5/bushel, down $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $4.5 f...

biofuel

Policy Quick Hits

The following is a rundown of some key issues impacting agriculture: Reconciliation: The reconciliation bill passed through the Agriculture Committee on a party line vote, 29 to 25. All the amendments offered also passed by the same party line vote. The bill would cut the Supplemental Nutrition...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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