World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Falls Amid Weak Russian Prices; Soyoil Rises on Exports; Macro Markets Boost Cattle

Markets and traders were broadly enthusiastic following the U.S. Federal Reserve’s 50-bps cut to its target interest rate on Wednesday, but you wouldn’t know that from looking at the grain or oilseed markets. Wheat futures were sharply lower on Thursday amid pressure from French wheat futures and Russian FOB values while mixed/disappointing Export Sales data sent corn and soybean markets lower. The big winners for the day were soyoil, thanks to strong export sales data, and the livestock sector, which will benefit from a more positive economic outlook. Grains remain defensive with funds extending short positions in corn and wheat while remaining largely flat soybeans after their recent short covering activity.  The weekly...

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feed-grains soy-oilseeds wheat

Market Commentary: Excitement; Over-Reaction, Under-Reaction

Like Lord Tennyson’s troops lined up in the Crimean War, sometimes we are just fodder in the commodity markets. After 40 days and 40 nights of withdrawal from government data reports, we watched as the momentum built for today’s noon EST release of USDA November WASDE report. In the...

Tariff and Macro Policy Change Announcements Coming

U.S. Trade Representative Jamieson Greer said today that the U.S. is readying an announcement to exempt a number of food and agricultural products not produced in the United States from tariffs. The announcement comes after the President mentioned coffee prices as being high, saying that the U...

WPI Grain Transportation Report

Dry-bulk markets were higher last week amid improved freight inquiries, tightening tonnage lists, and traders hoping for increased grain business in late November and early December. Despite hopes to the contrary, there has been essentially no confirmation of any U.S. grain export business to C...

feed-grains soy-oilseeds wheat

Market Commentary: Excitement; Over-Reaction, Under-Reaction

Like Lord Tennyson’s troops lined up in the Crimean War, sometimes we are just fodder in the commodity markets. After 40 days and 40 nights of withdrawal from government data reports, we watched as the momentum built for today’s noon EST release of USDA November WASDE report. In the...

Tariff and Macro Policy Change Announcements Coming

U.S. Trade Representative Jamieson Greer said today that the U.S. is readying an announcement to exempt a number of food and agricultural products not produced in the United States from tariffs. The announcement comes after the President mentioned coffee prices as being high, saying that the U...

WPI Grain Transportation Report

Dry-bulk markets were higher last week amid improved freight inquiries, tightening tonnage lists, and traders hoping for increased grain business in late November and early December. Despite hopes to the contrary, there has been essentially no confirmation of any U.S. grain export business to C...

feed-grains soy-oilseeds wheat

Market Commentary: Corn and Beans Bravely Higher Ahead of the WASDE

The U.S. government reopened today and the data fog partially lifted in Washington. However, many economic reports will first require time to repopulate their databases. USDA made the decision to publish the November WASDE tomorrow ahead of the agreement to reopen the government and traders spe...

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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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