World Perspectives
feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for February 17-23, 2023   Wheat:  Net sales of 284,100 metric tons (MT) for 2022/2023 were down 16 percent from the previous week, but up 39 percent from the prior 4-week average. Export shipments of 610,000 MT were up 81 percent from the previous week and 30 percent from the prior 4-week average.  Corn:  Net sales of 598,100 MT for 2022/2023 were down 27 percent from the previous week and 48 percent from the prior 4-week average. Export shipments of 666,400 MT were down 3 percent from the previous week, but up 13 percent from the prior 4-week average.  Soybeans:  Net sales of 360,700 MT for 2022/2023--a marketing-year low--were down 14 percent from the previous week and 25 p...

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WPI Grain Transportation Report

Dry bulk freight markets were quiet this past week and continued the trend that has been present since mid-October. The quiet trade let rates drift lower with disappointment about the slow appearance of Chinese demand weighing on market sentiment. The U.S.-China trade deal was thought to be lik...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, down $0.065 from yesterday's close.  Dec 25 Wheat closed at $5.355/bushel, down $0.1925 from yesterday's close.  Jan 26 Soybeans closed at $11.075/bushel, down $0.2675 from yesterday's close.  Dec 25 Soymeal closed at $312.7/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections Lower, and Maybe Yet Lower

There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation. Soybeans, meal, and wheat have all been overbought with high RSI’s. ...

WPI Grain Transportation Report

Dry bulk freight markets were quiet this past week and continued the trend that has been present since mid-October. The quiet trade let rates drift lower with disappointment about the slow appearance of Chinese demand weighing on market sentiment. The U.S.-China trade deal was thought to be lik...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, down $0.065 from yesterday's close.  Dec 25 Wheat closed at $5.355/bushel, down $0.1925 from yesterday's close.  Jan 26 Soybeans closed at $11.075/bushel, down $0.2675 from yesterday's close.  Dec 25 Soymeal closed at $312.7/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Corrections Lower, and Maybe Yet Lower

There was a “show me the money” attitude in today’s trading as caution replaced yesterday’s enthusiasm in both ag markets and on Wall Street. Let’s count the many sources of hesitation. Soybeans, meal, and wheat have all been overbought with high RSI’s. ...

livestock

Livestock Roundup: U.S. and Global Beef Markets

USDA confirmed last Friday, 31 October, that despite the shutdown several key reports will be issued, including the November Cattle on Feed report, scheduled for 21 November.  There will be no data from the October report, but that information could be available through the month-to-month...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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