World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Rises on China Rumors, Brazil Drought; Hogs Extend Rally

Soybeans saw the liveliest action of the major grain/oilseed contracts on Wednesday with a strong, 18-cent overnight rally developing on rumors of Chinese export business. That rally fizzled, however, after the USDA did not report any daily “flash” export sales at 9 AM ET and the market pared back its gains. Corn and wheat never really got anything started to either the bullish or bearish side for the day and both markets settled basically unchanged in lackluster volume. Funds continue to cover shorts in the soy complex with the drought in Brazil but are less convinced, so far, about the rally potential in corn and wheat.  The water issues on the Mississippi River are starting to push deliverable stocks higher at a faster...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.1275/bushel, up $0.0025 from yesterday's close.  Dec 24 Wheat closed at $5.7575/bushel, up $0 from yesterday's close.  Nov 24 Soybeans closed at $10.14/bushel, up $0.08 from yesterday's close.  Dec 24 Soymeal closed at $321.4/short ton, down $0.1 from yes...

High Cost of Food; Sick Man in Europe

High Cost of Food Gallop’s annual Work and Education survey found that Americans have soured on the restaurant and grocery business. They still love farmers but have followed Democratic Presidential nominee Kamala Harris in faulting the food industry for inflation. Over the past year, fav...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 9–13 September 2024 Russian grain markets remained stable with only corn slightly bullish, possibly showing the first real signs of a lower crop this season. Farmers are playing a waiting game switching to sunflower seed trade which is showing bullish sentiments and...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.1275/bushel, up $0.0025 from yesterday's close.  Dec 24 Wheat closed at $5.7575/bushel, up $0 from yesterday's close.  Nov 24 Soybeans closed at $10.14/bushel, up $0.08 from yesterday's close.  Dec 24 Soymeal closed at $321.4/short ton, down $0.1 from yes...

High Cost of Food; Sick Man in Europe

High Cost of Food Gallop’s annual Work and Education survey found that Americans have soured on the restaurant and grocery business. They still love farmers but have followed Democratic Presidential nominee Kamala Harris in faulting the food industry for inflation. Over the past year, fav...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 9–13 September 2024 Russian grain markets remained stable with only corn slightly bullish, possibly showing the first real signs of a lower crop this season. Farmers are playing a waiting game switching to sunflower seed trade which is showing bullish sentiments and...

FOB Prices and Freight Rates App (Updated 18 September)

Ocean Freight Comments - 13 September 2024 By Matt Herrington Dry-bulk freight markets were mixed again this week with traders still trying to determine the market’s next major move. The BDI index was steady/slightly higher for the week but physical markets did not follow and retained a w...

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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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