World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Markets continue to reel from the August WASDE with the trade trying to decide if USDA’s latest figures are wrong, right, or somewhere in between. One could make the case either way with its estimates being the best available at a given time but also subject to the fact that the world (and markets) are constantly changing. While USDA’s job is to give its most accurate supply/demand forecasts for the entire world at a specific point, the futures market’s job (among other things) is to estimate the future price for a commodity. To a certain extent, it doesn’t matter whether USDA’s forecasts are right or wrong if cash and futures markets can function freely and converge during the delivery period. The WASDE should...

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feed-grains soy-oilseeds wheat

Market Commentary: Bearish Beat Goes On

The CBOT was essentially all red on Wednesday with traders finding little support from either the fundamental or technical components of commodity price analysis. Wheat was the downside leader for the day as a strong dollar, improving conditions in the Plains, and increasingly tepid exports fro...

EU Studies Trading Houses

As part of its witch hunt for unfair market practices, the EU Parliament’s AGRI Committee requested a study of the major agricultural commodity trading companies and their impacts.  The study may inform populists in the U.S. that also see consolidated industries as inherently harmful, but...

softs

USA Gone Nuts

While oilseeds receive much of the attention, tree nuts, which are technically a seed and containing oil, have gone even more gangbusters for U.S. producers in recent years. Almonds have received much of the focus as the U.S. produces nearly 80 percent of the crop and a comparable share of the...

feed-grains soy-oilseeds wheat

Market Commentary: Bearish Beat Goes On

The CBOT was essentially all red on Wednesday with traders finding little support from either the fundamental or technical components of commodity price analysis. Wheat was the downside leader for the day as a strong dollar, improving conditions in the Plains, and increasingly tepid exports fro...

EU Studies Trading Houses

As part of its witch hunt for unfair market practices, the EU Parliament’s AGRI Committee requested a study of the major agricultural commodity trading companies and their impacts.  The study may inform populists in the U.S. that also see consolidated industries as inherently harmful, but...

softs

USA Gone Nuts

While oilseeds receive much of the attention, tree nuts, which are technically a seed and containing oil, have gone even more gangbusters for U.S. producers in recent years. Almonds have received much of the focus as the U.S. produces nearly 80 percent of the crop and a comparable share of the...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.265/bushel, down $0.02 from yesterday's close. Dec 24 Wheat closed at $5.41/bushel, down $0.1125 from yesterday's close. Jan 25 Soybeans closed at $10.0775/bushel, down $0.0275 from yesterday's close. Dec 24 Soymeal closed at $291.6/short ton, down $1.3 f...

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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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