World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Bears Win Again, but Crush Report Buoys Soybeans

Bears were in control of the CBOT for the second straight day with very few bullish news items seeming to exist on the horizon. Between improving weather forecasts for the Northern Hemisphere, lower threat of a La Nina this year, strong harvest progress in the U.S., large crop forecasts for Brazil, and low water levels in the Mississippi River that could start to restrict export shipments, there were few reasons for bulls to push prices higher. The one reason that did emerge Tuesday, however, was the NOPA crush report, which highlighted stronger-than-expected soybean demand from the industry. Funds were still strong net sellers across the major ag markets and the sentiment in Chicago has shifted decidedly bearish in the past two weeks. ...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed But Fruitful Day of Adjustments

Agricultural futures might be called mixed on the day, though that is upbeat by itself. There was a continuation of the bear wheat/bull beef story with a new contract low printed in HRS, and a new contract high in cattle. The corn market continued its rebound story on potential yield declines c...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, up $0.05 from yesterday's close.  Dec 25 Wheat closed at $5.025/bushel, up $0.0375 from yesterday's close.  Nov 25 Soybeans closed at $10.1075/bushel, up $0.0425 from yesterday's close.  Dec 25 Soymeal closed at $276.9/short ton, up $1 from y...

livestock

Livestock Roundup: Quick Hits – Feeder Cattle, Chicken Nuggets, China Hogs, Turkey and U.S. Brazil Trade Talks

Feeder Cattle Hit Record Highs: Feeder cattle contracts are trading at $382.725/cwt, a record high, including adjusted for inflation. The previous peak was $320 in today’s dollars. Futures across the board remain elevated, averaging about $380/cwt, an indication that tight supplies will l...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed But Fruitful Day of Adjustments

Agricultural futures might be called mixed on the day, though that is upbeat by itself. There was a continuation of the bear wheat/bull beef story with a new contract low printed in HRS, and a new contract high in cattle. The corn market continued its rebound story on potential yield declines c...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, up $0.05 from yesterday's close.  Dec 25 Wheat closed at $5.025/bushel, up $0.0375 from yesterday's close.  Nov 25 Soybeans closed at $10.1075/bushel, up $0.0425 from yesterday's close.  Dec 25 Soymeal closed at $276.9/short ton, up $1 from y...

livestock

Livestock Roundup: Quick Hits – Feeder Cattle, Chicken Nuggets, China Hogs, Turkey and U.S. Brazil Trade Talks

Feeder Cattle Hit Record Highs: Feeder cattle contracts are trading at $382.725/cwt, a record high, including adjusted for inflation. The previous peak was $320 in today’s dollars. Futures across the board remain elevated, averaging about $380/cwt, an indication that tight supplies will l...

feed-grains soy-oilseeds wheat

Does Bias in CONAB’s Forecasts Imply Even Bigger Crops?

CONAB recently released its first forecasts for the 2025/26 corn, soybean, and wheat crops (among others) and pegged production for the first two at massive levels. The soybean crop was forecast at a record 177.6 MMT, up sharply from the prior year and easily the largest on record due to expand...

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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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