World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Strong upward price action occurred in the grains and oilseed complex today as bullish export news outweighed the week's record-breaking supply news. Fund short covering contributed to the buying activity while outside markets were largely ignored by the demand-driven trading session.  General Comments The three trading days following USDA’s report confirming the largest corn and soybean production in history saw prices move sharply higher. The counterintuitive price action emerges from the fact that the October WASDE was bullish simply because it wasn’t bearish. The market was fully expecting bumper crops and quietly absorbed the information while being more surprised by increases in exports and reductions in ending stocks. The chan...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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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