World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grains Retreat as Ukraine Shipments Resume; Cattle Charts Turn Bearish

The CBOT was mostly lower at mid-week with the early week rally fading amid the resumption of grain exports from Ukraine and a favorable shift in the U.S. weather forecasts. Ship inspections in Ukraine’s Black Sea export corridor resumed Wednesday after a two-day halt that Kyiv blamed on Russia, which helped push wheat and other grain futures lower. Additionally, the latest weather forecasts for the U.S. show a stronger warming trend in the two-week outlook with less precipitation in the eastern Corn Belt, both of which will aid the planting effort. Funds took the opportunity Wednesday to book some profits and lighten up on long positions, particularly in wheat.  A major trend that WPI will be watching going forward is the overa...

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feed-grains soy-oilseeds wheat

Market Commentary: Role Reversals on Turnaround Tuesday

The CBOT saw a role reversal on Tuesday with the previously bearish-led corn and soybean markets finding technical and some fundamental support, while wheat futures drifted lower. Too, live cattle futures and July lean hogs both posted Turnaround Tuesdays as bulls became cautious with prices ne...

Getting Tough; Abundance Debate

Getting Tough  It isn’t just the U.S. judicial system offering up hurdles to President Trump’s trade war. It has been noted that different countries have taken different approaches in responding to the tariff war. Smaller southwest and southeast Asian countries have generally b...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.385/bushel, up $0.0025 from yesterday's close.  Jul 25 Wheat closed at $5.36/bushel, down $0.03 from yesterday's close.  Jul 25 Soybeans closed at $10.4075/bushel, up $0.0725 from yesterday's close.  Jul 25 Soymeal closed at $294.5/short ton, up $0.6 from...

feed-grains soy-oilseeds wheat

Market Commentary: Role Reversals on Turnaround Tuesday

The CBOT saw a role reversal on Tuesday with the previously bearish-led corn and soybean markets finding technical and some fundamental support, while wheat futures drifted lower. Too, live cattle futures and July lean hogs both posted Turnaround Tuesdays as bulls became cautious with prices ne...

Getting Tough; Abundance Debate

Getting Tough  It isn’t just the U.S. judicial system offering up hurdles to President Trump’s trade war. It has been noted that different countries have taken different approaches in responding to the tariff war. Smaller southwest and southeast Asian countries have generally b...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.385/bushel, up $0.0025 from yesterday's close.  Jul 25 Wheat closed at $5.36/bushel, down $0.03 from yesterday's close.  Jul 25 Soybeans closed at $10.4075/bushel, up $0.0725 from yesterday's close.  Jul 25 Soymeal closed at $294.5/short ton, up $0.6 from...

livestock

Feeder Cattle Outlook

Feeder steer prices remain at historic highs across all major regions, averaging 22.9 percent higher year-over- year, and 58 percent higher than the five-year average. Some of the biggest gains have been in the Southern Plains, most affected by the imports of Mexican feeder cattle which are pro...

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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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