World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview

USDA will release its Cattle on Feed report tomorrow; the pre-report consensus analysts’ estimate is for the inventory of cattle on feed as of 1 September to be 101 percent of last year. August placements and marketing are expected to be 98.5 and 96.5 percent respectively of last year’s totals. There was one less day in August 2024 compared to August 2023. As always, the range for placement forecasts is the widest. The differing points of view are over the potential effects of weather, since August was drier than normal which would lead to more placements, versus total feeder cattle sales which were down from a year ago implying fewer placements. Cattle on feed totals and placements start to pick up in August and continue...

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Market Commentary: Wheat Falls Amid Weak Russian Prices; Soyoil Rises on Exports; Macro Markets Boost Cattle

Markets and traders were broadly enthusiastic following the U.S. Federal Reserve’s 50-bps cut to its target interest rate on Wednesday, but you wouldn’t know that from looking at the grain or oilseed markets. Wheat futures were sharply lower on Thursday amid pressure from French whe...

soy-oilseeds

Oilseed Highlights: Bouncing Off Seasonal Lows

The Market U.S. soybeans have a nearly $1/bushel advantage as Brazilian basis moves higher. The result is that last week’s export sales were substantial. Rumors are rampant of more Chinese purchasing of U.S. soybeans. Argentina reportedly bought U.S. soybeans but those may washout on fina...

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Export Sales

Export Sales and Shipments for September 6-12, 2024 Wheat:  Net sales of 246,300 metric tons (MT) for 2024/2025 were down 48 percent from the previous week and 46 percent from the prior 4-week average. Export shipments of 642,100 MT--a marketing-year high--were up 18 percent from the previ...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Falls Amid Weak Russian Prices; Soyoil Rises on Exports; Macro Markets Boost Cattle

Markets and traders were broadly enthusiastic following the U.S. Federal Reserve’s 50-bps cut to its target interest rate on Wednesday, but you wouldn’t know that from looking at the grain or oilseed markets. Wheat futures were sharply lower on Thursday amid pressure from French whe...

soy-oilseeds

Oilseed Highlights: Bouncing Off Seasonal Lows

The Market U.S. soybeans have a nearly $1/bushel advantage as Brazilian basis moves higher. The result is that last week’s export sales were substantial. Rumors are rampant of more Chinese purchasing of U.S. soybeans. Argentina reportedly bought U.S. soybeans but those may washout on fina...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for September 6-12, 2024 Wheat:  Net sales of 246,300 metric tons (MT) for 2024/2025 were down 48 percent from the previous week and 46 percent from the prior 4-week average. Export shipments of 642,100 MT--a marketing-year high--were up 18 percent from the previ...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.0575/bushel, down $0.07 from yesterday's close.  Dec 24 Wheat closed at $5.655/bushel, down $0.1025 from yesterday's close.  Nov 24 Soybeans closed at $10.1325/bushel, down $0.0075 from yesterday's close.  Dec 24 Soymeal closed at $321.6/short ton, up $0...

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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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