World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy prices were mixed overnight, having traded on both sides of Tuesday’s closes. As the early morning trading recess approached, wheat prices edged lower. However, soybean prices staying around the prior close in expectation that new large sales to China would be reported by USDA. Corn was stuck between those two markets and was slightly lower at the trading pause. The soybean market was not disappointed as USDA/FAS reported a sale of 1.199 MMT to China for 2018/19, bringing the total confirmed sales to slightly more than 2.4 MMT. Trade comments suggest that there is more business to be reported and that additional sales may have been negotiated today. In any case, the soybean market took a “buy the rumor, sell the n...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for November 1-7, 2024. Wheat: Net sales of 380,100 metric tons (MT) for 2024/2025 were up 1 percent from the previous week, but down 17 percent from the prior 4-week average. Export shipments of 301,300 MT were up 27 percent from the previous week and 5 percent...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.24/bushel, up $0.05 from yesterday's close. Dec 24 Wheat closed at $5.365/bushel, up $0.0625 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, up $0.11 from yesterday's close. Dec 24 Soymeal closed at $289.6/short ton, up $2.6 from yesterda...

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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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