World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT traded a quiet day with fundamental news and information becoming hard to find. Wheat futures found some support, but that buying was coupled with bear spreading in the corn market. Soybeans and soymeal were lower in lackluster trading while soyoil confirmed that recent lows are likely the bottom for the selloff.  As February advances, U.S. planting will increasingly become a focus. The recent soybean selloff created harvest corn/soybean futures prices that strongly favored corn. Now, both markets seem to be correcting that dynamic, pushing planting forecasts to focus more on production costs and expected basis levels.  Funds are holding a huge long position in soyoil (probably 90K contracts or so) and a modestly long w...

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 28 April)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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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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