World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grains Try to Establish Trading Ranges; Livestock Still Biased Upward

The CBOT was mixed at mid-week and mostly continued its consolidation after the recent WASDE-derived surprises. Corn futures pushed higher with stronger spread trade and players still watching the dryness in Argentina and slowly growing potential for a late start to the Brazilian safrinha planting. Fresh news was light for the day other than a bullish NOPA crush report that put December soybean processing at an all-time high. Much of the bullish momentum in the ag markets is concentrated in livestock, particularly cattle markets, with grain futures feeling like they are trying to establish new trading ranges following their post-WASDE adjustments. WPI looks for continued consolidation in CBOT markets through this week and likely the next on...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.7875/bushel, up $0.0425 from yesterday's close. Mar 25 Wheat closed at $5.47/bushel, up $0.0075 from yesterday's close. Mar 25 Soybeans closed at $10.4275/bushel, down $0.0475 from yesterday's close. Mar 25 Soymeal closed at $302/short ton, down $3.8 from...

wheat

Squeezing Russian Wheat; Save the Rats; Rollins Delayed

Squeezing Russia with WheatEurope is afraid that Donald Trump is ready to capitulate to Vladimir Putin next week when he becomes president. But Trump has appointed a fair number of geopolitical hawks to his team. He may see the war as senseless, but he doesn’t want to be perceived as a loser. R...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 6 – 10 January 2025Traditionally during a prolonged holiday season, which in Russia does not coincide with the holiday season in most other countries because of the Russian Orthodox calendar, Russian grain trading volume is low. However, pricing forgot about the holiday s...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.7875/bushel, up $0.0425 from yesterday's close. Mar 25 Wheat closed at $5.47/bushel, up $0.0075 from yesterday's close. Mar 25 Soybeans closed at $10.4275/bushel, down $0.0475 from yesterday's close. Mar 25 Soymeal closed at $302/short ton, down $3.8 from...

wheat

Squeezing Russian Wheat; Save the Rats; Rollins Delayed

Squeezing Russia with WheatEurope is afraid that Donald Trump is ready to capitulate to Vladimir Putin next week when he becomes president. But Trump has appointed a fair number of geopolitical hawks to his team. He may see the war as senseless, but he doesn’t want to be perceived as a loser. R...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 6 – 10 January 2025Traditionally during a prolonged holiday season, which in Russia does not coincide with the holiday season in most other countries because of the Russian Orthodox calendar, Russian grain trading volume is low. However, pricing forgot about the holiday s...

FOB Prices and Freight Rates App (Updated 15 January)

Ocean Freight Comments - 20 December 2024By Matt HerringtonFreight markets – particularly the dry bulk sector - continue to see thin trade that is leaving rates in the doldrums. Demand and fresh inquiries remain light with vessel overcapacity further depressing rates. Vessel owners are continua...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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