World Perspectives
feed-grains soy-oilseeds wheat

Priced to Move

U.S. wheat prices and export sales are moving as expected. Nearing the end of the marketing year, old crop wheat was cheaper and now new crop wheat as harvest is beginning is the better bargain. This is reflected in weekly export sales as new crop commitments are increasing and the declining supply of old crop wheat means that export sales decline.  At this juncture, old crop corn remains less expensive than a new crop that is just getting planted and its uncertainty plus cost of carry makes it more precious. Weekly old crop corn sales are still trending slightly upward, reducing the demand for new crop corn purchasing. By contrast, new crop soybeans remain the better bargain, even if not yet physically available. This is because larg...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.465/bushel, up $0.0075 from yesterday's close.  May 26 Wheat closed at $5.74/bushel, down $0.0325 from yesterday's close.  May 26 Soybeans closed at $11.705/bushel, up $0.065 from yesterday's close.  May 26 Soymeal closed at $314.7/short ton, up $1.8 from...

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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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