World Perspectives
feed-grains soy-oilseeds wheat

North American Logistics Not Getting Better

There are still more than 50 vessels waiting to load from the west coast of Canada. That totals more than 2 MMT of grain and oilseeds.We have written on several occasions recently about the logistical mess in Canada and, to a lesser extent, in the U.S. It hasn't improved, and some will argue it is getting worse. Here are some notes from conversations this week: There are still more than 50 vessels waiting to load from the west coast of Canada. That totals more than 2 MMT of grain and oilseeds, equating to approximately 22,000 rail cars that must be delivered from the interior. Obviously, commercials vastly oversold Canada's rail capacity, and there just isn't a fix in sight. Some commercial companies in Canada are booking truck freight...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls as Big Crops Get Bigger

The CBOT was mostly bearish on Friday under the primary theme that big crops get bigger. That is true of Brazil’s safrinha production, the outlook for which CONAB raised yesterday, and Argentina’s soybean crop per the Rosario Grains Exchange’s latest estimates. Similarly, whea...

U.S. Agriculture Crisis

U.S. farmers’ export markets were challenging before the trade war, and they are not coming back. It is time for Plan B. The trade agreement still being negotiated with the United Kingdom will supposedly allow U.S. beef producers to fill up to 1.5 percent of the British market. Except the...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.435/bushel, down $0.05 from yesterday's close.  Jul 25 Wheat closed at $5.25/bushel, down $0.0775 from yesterday's close.  Jul 25 Soybeans closed at $10.5/bushel, down $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $4.5 f...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls as Big Crops Get Bigger

The CBOT was mostly bearish on Friday under the primary theme that big crops get bigger. That is true of Brazil’s safrinha production, the outlook for which CONAB raised yesterday, and Argentina’s soybean crop per the Rosario Grains Exchange’s latest estimates. Similarly, whea...

U.S. Agriculture Crisis

U.S. farmers’ export markets were challenging before the trade war, and they are not coming back. It is time for Plan B. The trade agreement still being negotiated with the United Kingdom will supposedly allow U.S. beef producers to fill up to 1.5 percent of the British market. Except the...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.435/bushel, down $0.05 from yesterday's close.  Jul 25 Wheat closed at $5.25/bushel, down $0.0775 from yesterday's close.  Jul 25 Soybeans closed at $10.5/bushel, down $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $4.5 f...

biofuel

Policy Quick Hits

The following is a rundown of some key issues impacting agriculture: Reconciliation: The reconciliation bill passed through the Agriculture Committee on a party line vote, 29 to 25. All the amendments offered also passed by the same party line vote. The bill would cut the Supplemental Nutrition...

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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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