World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall After Bullish USDA Reports; Panic Not Finished in Cattle Markets

The CBOT was mostly red on Monday with traders seeing little reason to buy the soy complex after a benign and semi-bearish Grain Stocks and acreage reports for soybeans. Further, they saw little reason to keep buying corn and wheat amid large on-farm stocks and amply supplied global balance sheets for 2024. The day’s trade seemed to feature resignation to the bearish outlook for soybeans with a more tempered outlook for grains following Thursday’s bullish surprise. The livestock markets, however, were far from calm with the lean hog market jumping to new contract highs while cattle futures collapsed on news of highly pathogenic avian influent (HPAI) in Michigan and Idaho dairy farms.  One of the biggest news items on Monda...

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feed-grains soy-oilseeds wheat

Market Commentary: Market Stalls Waiting for South American Weather Definition

There were modest volumes on this last trading day of the week, except in soymeal and cattle where the goal was to get out of the former and into the latter. There were new contract highs, again, in cattle. Overall weakness was blamed on Argentina’s announced lower tax rates on commodity...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for January 10-16, 2025 Wheat: Net sales of 164,800 metric tons (MT) for 2024/2025 were down 68 percent from the previous week and 52 percent from the prior 4-week average. Export shipments of 201,300 MT were up 2 percent from the previous week, but down 41 percent fr...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.865/bushel, down $0.0325 from yesterday's close.  Mar 25 Wheat closed at $5.44/bushel, down $0.1 from yesterday's close.  Mar 25 Soybeans closed at $10.5575/bushel, down $0.0975 from yesterday's close.  Mar 25 Soymeal closed at $304.9/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Market Stalls Waiting for South American Weather Definition

There were modest volumes on this last trading day of the week, except in soymeal and cattle where the goal was to get out of the former and into the latter. There were new contract highs, again, in cattle. Overall weakness was blamed on Argentina’s announced lower tax rates on commodity...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for January 10-16, 2025 Wheat: Net sales of 164,800 metric tons (MT) for 2024/2025 were down 68 percent from the previous week and 52 percent from the prior 4-week average. Export shipments of 201,300 MT were up 2 percent from the previous week, but down 41 percent fr...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.865/bushel, down $0.0325 from yesterday's close.  Mar 25 Wheat closed at $5.44/bushel, down $0.1 from yesterday's close.  Mar 25 Soybeans closed at $10.5575/bushel, down $0.0975 from yesterday's close.  Mar 25 Soymeal closed at $304.9/short ton, down $10...

livestock

Cattle on Feed

U.S. Cattle on Feed for feedlots with capacity of 1,000 or more head totaled 11.8 million head on January 1, 2025 – down 1 percent from January 1, 2024. Placements in feedlots during December totaled 1.64 million head, 3 percent below 2023.  Marketings of fed cattle during December t...

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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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