World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Ratings Hit Five-Year Lows; Wheat Beats a Bearish Drum

The CBOT started the holiday-shortened week in a lackluster manner with the soy complex sinking lower, largely on weaker palm oil values and soymeal deliveries, while wheat and corn futures scratched out small gains. Trading volume was light for the day and the last day of the most recent heatwave seemed to bring little excitement for the markets. Traders are largely banking on the hope that corn and soybeans have mostly defined their yield already and, consequently, the last week’s heat will do little to dent production. Funds were net sellers in the soy complex and are thought to have been flat corn and wheat while still being net short those commodities.  The heatwaves of the past two weeks have started to dent corn and soybe...

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One Big Beautiful Bill Unveiled in the Senate

The Senate Finance Committee and its chairman Senator Mike Crapo (R-Idaho) have unveiled their tax bill as part of budget reconciliation to extend the 2017 Trump Tax Cuts and Jobs Act. According to the Committee, the bill … prevents a more-than $4 trillion tax hike on American families a...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.315/bushel, down $0.0325 from yesterday's close.  Jul 25 Wheat closed at $5.49/bushel, up $0.125 from yesterday's close.  Jul 25 Soybeans closed at $10.74/bushel, up $0.0425 from yesterday's close.  Jul 25 Soymeal closed at $285.1/short ton, up $1.4 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkish officials announced that the cost of vessels passing through the Bosphorus/Dardanelles will increase by 15 percent on 1 July. The new tariff is set at $5.83 per MT and will affect all grain/oilseed items from the Black Sea...

One Big Beautiful Bill Unveiled in the Senate

The Senate Finance Committee and its chairman Senator Mike Crapo (R-Idaho) have unveiled their tax bill as part of budget reconciliation to extend the 2017 Trump Tax Cuts and Jobs Act. According to the Committee, the bill … prevents a more-than $4 trillion tax hike on American families a...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.315/bushel, down $0.0325 from yesterday's close.  Jul 25 Wheat closed at $5.49/bushel, up $0.125 from yesterday's close.  Jul 25 Soybeans closed at $10.74/bushel, up $0.0425 from yesterday's close.  Jul 25 Soymeal closed at $285.1/short ton, up $1.4 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkish officials announced that the cost of vessels passing through the Bosphorus/Dardanelles will increase by 15 percent on 1 July. The new tariff is set at $5.83 per MT and will affect all grain/oilseed items from the Black Sea...

livestock

AP Quant: Livestock Industry Margins

Beef packer margins are on a one-way trip to a very unpleasant place and despite a brief rebound last week, remain absolutely dismal. Packer margins improved $66/head last week thanks to a massive surge in beef values and modest fed cattle gains, but profits were still horrid at -$237/head, whi...

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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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