World Perspectives
feed-grains soy-oilseeds wheat

Export Sales

USDA reports for the period July 2-8, 2021 Wheat:  Net sales of 424,700 metric tons (MT) for 2021/2022 were up 46 percent from the previous week and 44 percent from the prior 4-week average. The destinations were primarily to Japan (71,800 MT), the Philippines (64,100 MT), Mexico (56,000 MT), Nigeria (47,400 MT), and the United Arab Emirates (44,000 MT).  Corn:  Net sales of 138,800 MT for 2020/2021 were down 20 percent from the previous week, but up 31 percent from the prior 4-week average.  The destinations were primarily to China (477,600 MT), Mexico (253,700 MT), Japan (191,500 MT), Guatemala (67,600 MT), and Costa Rica (29,900 MT).   Soybeans:  Net sales of 21,700 MT for 2020/2021 were down 66 perc...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds maintaining positions in the major ag futures contract, breaking a four-week trend of significant net selling. Funds cut 3,800 contracts from their net all-ags short position last week, with buying in soyoil and livestock futures driving most of that incr...

feed-grains soy-oilseeds wheat

Market Commentary: Major Influences Yield Higher Day/Week

Markets moved higher today, with larger volumes trading in corn and winter wheat. While fundamentals remain broadly unchanged currently, there were several factors influencing prices. Winterkill: An outsized winter storm, possibly including ice, is descending on the U.S. winter wheat crop. Whil...

livestock

Cattle on Feed Report

USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.5 million head, or 97 percent of last year. Placements were higher than forecast, and marketings were near pre-report estimates. This was the quarterly report showing steers and heifers on feed...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds maintaining positions in the major ag futures contract, breaking a four-week trend of significant net selling. Funds cut 3,800 contracts from their net all-ags short position last week, with buying in soyoil and livestock futures driving most of that incr...

feed-grains soy-oilseeds wheat

Market Commentary: Major Influences Yield Higher Day/Week

Markets moved higher today, with larger volumes trading in corn and winter wheat. While fundamentals remain broadly unchanged currently, there were several factors influencing prices. Winterkill: An outsized winter storm, possibly including ice, is descending on the U.S. winter wheat crop. Whil...

livestock

Cattle on Feed Report

USDA’s monthly Cattle on Feed report was released today. Total cattle on feed amounted to 11.5 million head, or 97 percent of last year. Placements were higher than forecast, and marketings were near pre-report estimates. This was the quarterly report showing steers and heifers on feed...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.305/bushel, up $0.065 from yesterday's close.  Mar 26 Wheat closed at $5.295/bushel, up $0.14 from yesterday's close.  Mar 26 Soybeans closed at $10.6775/bushel, up $0.0375 from yesterday's close.  Mar 26 Soymeal closed at $299.9/short ton, up $3.7 from y...

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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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