World Perspectives

Policy Quick Hits Updates

Appropriations USDA will be open on Monday 4 March. President Biden signed a short-term, stop-gap continuing resolution (CR) appropriations bill passed by Congress that extends the deadline to finalize a full regular appropriations bill from today until Friday 8 March. Note, this is the fourth of this fiscal year; of which we’re five months into. Recall from WPI’s previous reports that the 1 March deadline was for four appropriations bills: agriculture, energy and water, military construction and veterans’ affairs, and transportation and urban housing. The other eight appropriations bills now have an extended deadline of 22 March, pushed back from the earlier expiration of 8 March.   The Republican majority in...

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Jul 25 Corn closed at $4.3275/bushel, down $0.0075 from yesterday's close.  Jul 25 Wheat closed at $5.7375/bushel, down $0.005 from yesterday's close.  Jul 25 Soybeans closed at $10.7275/bushel, down $0.02 from yesterday's close.  Jul 25 Soymeal closed at $284.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat and War Rattle Ahead of Holiday

Corn and soybeans closed lower overnight and danced that way this morning but once again could not resist the pull of wheat higher. The wheat market doubled down on yesterday’s weather premium mood as the Southern Plains remain overly wet. The Fed walked back some of its previous alarm be...

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Livestock Roundup: Big Cattle on Feed Report on Friday

USDA’s monthly cattle on feed report will be released tomorrow.  Analysts’ pre-report consensus estimates are for the total inventory on feed to be 98.8 percent of last year with the range of estimates between 98.1 and 99.4 percent of 1 June 2024.   Over the past six...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.3275/bushel, down $0.0075 from yesterday's close.  Jul 25 Wheat closed at $5.7375/bushel, down $0.005 from yesterday's close.  Jul 25 Soybeans closed at $10.7275/bushel, down $0.02 from yesterday's close.  Jul 25 Soymeal closed at $284.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat and War Rattle Ahead of Holiday

Corn and soybeans closed lower overnight and danced that way this morning but once again could not resist the pull of wheat higher. The wheat market doubled down on yesterday’s weather premium mood as the Southern Plains remain overly wet. The Fed walked back some of its previous alarm be...

livestock

Livestock Roundup: Big Cattle on Feed Report on Friday

USDA’s monthly cattle on feed report will be released tomorrow.  Analysts’ pre-report consensus estimates are for the total inventory on feed to be 98.8 percent of last year with the range of estimates between 98.1 and 99.4 percent of 1 June 2024.   Over the past six...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.335/bushel, up $0.02 from yesterday's close.  Jul 25 Wheat closed at $5.7425/bushel, up $0.2525 from yesterday's close.  Jul 25 Soybeans closed at $10.7475/bushel, up $0.0075 from yesterday's close.  Jul 25 Soymeal closed at $284.9/short ton, down $0.2 fr...

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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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