World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Harvest Pressure Outweighs Demand

There was modest to lower volume generally today, except in wheat where there was a gang beating. Wheat closed lower in the overnight, opened lower this morning, and sealed the deal with losses at the close. Soyoil was treated similarly but soybeans and corn each were higher in the overnight and at the open, but then quickly followed wheat lower. For the week: Wheat took a beating. It was a heavier downturn for soybeans and soyoil as well. Soymeal eked out a small gain.  Lean hogs had a second week in a row higher.  Crude oil fell 6.8 percent. The dollar gained half a percent.10182024MC_weekchange.png 31.21 KBUSDA’s weekly Export Sales report for last week was issued today and reflected the strong competitive position of corn...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close.  May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Energies, Acreage Worries Support Soybeans; Wheat Drifts Lower

CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...

livestock

Greeley JBS Beef Plant on Strike

The JBS beef plant in Greeley, Colorado, went on strike yesterday. Today is day two of the labor shutdown. The Greeley plant can process about 6,000 head per day, or 5 percent of the U.S. beef supply. This is a major disruption. Notably, it comes on the heels of Tyson closing its plant in Lexin...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close.  May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close.  May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Energies, Acreage Worries Support Soybeans; Wheat Drifts Lower

CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...

livestock

Greeley JBS Beef Plant on Strike

The JBS beef plant in Greeley, Colorado, went on strike yesterday. Today is day two of the labor shutdown. The Greeley plant can process about 6,000 head per day, or 5 percent of the U.S. beef supply. This is a major disruption. Notably, it comes on the heels of Tyson closing its plant in Lexin...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region The Muslim month of Ramadan is expected to end around 19 March with the beginning of the Eid-al-Fitr holiday — the Eid holiday lasts up to five days depending on the country. Businesses, banks, and government offices will be...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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