World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Markets are being whipsawed as concerns about the economy apply downward pressure as seen in the last overnight session and then buoyed somewhat this morning by the Export Sales report. Let’s start with the economy. It suffered a huge contraction due to COVID-19. Everyone knew that before the Commerce Department’s initial estimate of the second quarter announced this morning. And the hit was slightly less than some estimates and still Wall Street acted perturbed. Nor should it be a surprise that corporate earnings are down when the overall economy hits the skids. Industrial companies now making adjustments are behind the agribusiness sector since it has been in a bear market for three years.   The market stays down be...

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feed-grains soy-oilseeds wheat

Market Commentary: Some Rebounds, Some New Contract Lows

Most of the board traded in the red to start today’s trading session. There is too much corn and soybeans and not enough prospective buyers. All three major wheat contracts hit new lows today. Except for corn, major contracts are bearishly trading below major moving averages. Grower group...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0175 from yesterday's close.  Dec 25 Wheat closed at $5.195/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.33/bushel, up $0.015 from yesterday's close.  Dec 25 Soymeal closed at $283.7/short ton, up $1.2 from...

livestock

Cultivated and Veggie Based Meat Alternatives

The closure of the Mexican border to feeder cattle imports due to New World Screwworm (NWS) has led to a 17 percent increase in beef prices in Mexico and a 12 percent increase in prices in the U.S. Cattle shipments to the U.S. have dropped more than 70 percent from January to July of this year...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebounds, Some New Contract Lows

Most of the board traded in the red to start today’s trading session. There is too much corn and soybeans and not enough prospective buyers. All three major wheat contracts hit new lows today. Except for corn, major contracts are bearishly trading below major moving averages. Grower group...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0175 from yesterday's close.  Dec 25 Wheat closed at $5.195/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.33/bushel, up $0.015 from yesterday's close.  Dec 25 Soymeal closed at $283.7/short ton, up $1.2 from...

livestock

Cultivated and Veggie Based Meat Alternatives

The closure of the Mexican border to feeder cattle imports due to New World Screwworm (NWS) has led to a 17 percent increase in beef prices in Mexico and a 12 percent increase in prices in the U.S. Cattle shipments to the U.S. have dropped more than 70 percent from January to July of this year...

Inflation Regime Changes and Commodity Market Outlooks

U.S. fiscal and monetary policy is at a crossroads, which is creating uncertainty for macroeconomic and commodity markets. Chief among these concerns is “sticky” inflation that has resisted the Fed’s efforts to control it, which is juxtaposed against a weakening labor market...

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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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