World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Lower Through October

The CBOT started the new week on a bearish note with last week’s WASDE and fund selling as reported in the CFTC report creating pressure. Corn has the most bearish fundamentals right now, so it’s understandable that the market dropped to a new low for the year and broke technical support. Wheat and soybeans seemed a little bit in the passenger’s seat for the day with little fresh news available to offer support. Indeed, soybeans saw selling pressure based on last week’s NOPA crush report that, for the day, overrode any fears about tight U.S. carry-out for 2023. Seasonally, this is the time of year when futures see added pressure as the harvest advances, so it would be unsurprising to see markets continue to drift low...

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feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn   Argentina’s corn harvest continues to progress slowly, not only because the focus remains on soybeans — with more than 21 percent harvested in just one week — but also due to rains recorded in several areas. To date, 34 percent of the estimated corn area has b...

U.S. and China Agree to Cut Tariffs for 90 Days and Continue Negotiating

After weeks of Chinese denials that they were engaged in talks with the U.S on tariffs, the governments of the United States and the People’s Republic of China issued a joint statement this morning saying that they would rescind reciprocal tariffs for the coming 90 days. It included: ...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  France and Romania are lobbying for stricter alignment of Ukrainian grain terms with EU standards. The move comes as concerns about logistical bottlenecks, customs issues, and environmental regulations mount. The EU-Ukraine trade corridor continues to evolve and there is gro...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn   Argentina’s corn harvest continues to progress slowly, not only because the focus remains on soybeans — with more than 21 percent harvested in just one week — but also due to rains recorded in several areas. To date, 34 percent of the estimated corn area has b...

U.S. and China Agree to Cut Tariffs for 90 Days and Continue Negotiating

After weeks of Chinese denials that they were engaged in talks with the U.S on tariffs, the governments of the United States and the People’s Republic of China issued a joint statement this morning saying that they would rescind reciprocal tariffs for the coming 90 days. It included: ...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  France and Romania are lobbying for stricter alignment of Ukrainian grain terms with EU standards. The move comes as concerns about logistical bottlenecks, customs issues, and environmental regulations mount. The EU-Ukraine trade corridor continues to evolve and there is gro...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report highlighted funds’ increasingly bearish view on ag commodities with managed money traders emerging as net sellers across the major grain and oilseeds futures. Funds’ net position across the soy complex, corn, wheat, and livestock futures fell 30 percent la...

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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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