World Perspectives
feed-grains

Technical Views - Adjusting Ahead of the WASDE

SPREADS Board crush trends weaker while oilshare values are mostly steady.  Dec crush is trading at 1.03c/bu while oilshare trades at 46.20%.  Sep/Dec corn fell to new lows at a 16c carry with cash markets under pressure as many buyers attempt to transition to "new crop" bids.  Dec/March corn trades out to 9 1/4c.   Dec/March wheat trades from 10 1/2c to 11 3/4c.   There is more  bull-spreading for Nov 21/Nov 22 which traded from a 38c inverse down to 30 3/4c.  Nov/Jan bean spread trades from 9c to 9 1/4c.  Dec/March meal trades from $5.30 to $5.70.   PALM OIL Nov. up 61 ringgits at 4,392 ringgit/mt.   Palm oil is trading at a deep discount to soyoil futures for the mo...

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livestock

Livestock Industry Margins

Beef packer margins turned positive for the first time since late last year as returns improved to $53/head last week. The turnaround was driven by a strong increase in the boxed beef cutout, which rose to $388.16/cwt, while fed cattle prices declined further on the week. The threat of the labo...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

As quickly as it began, the U.S.-Iran war-fueled rally in commodity markets looks to be ending. Over the weekend and through Monday, several reports came in that highlighted political efforts to resume vessel traffic through the Strait of Hormuz. Perhaps most important was news that President T...

livestock

Livestock Industry Margins

Beef packer margins turned positive for the first time since late last year as returns improved to $53/head last week. The turnaround was driven by a strong increase in the boxed beef cutout, which rose to $388.16/cwt, while fed cattle prices declined further on the week. The threat of the labo...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, down $0.1325 from yesterday's close.  May 26 Wheat closed at $5.9725/bushel, down $0.165 from yesterday's close.  May 26 Soybeans closed at $11.5525/bushel, down $0.7 from yesterday's close.  May 26 Soymeal closed at $312.2/short ton, down $10...

feed-grains soy-oilseeds wheat

Market Commentary: Ags Sink on Oil Optimism, China Trade Worries; Fund Length Now a Liability

As quickly as it began, the U.S.-Iran war-fueled rally in commodity markets looks to be ending. Over the weekend and through Monday, several reports came in that highlighted political efforts to resume vessel traffic through the Strait of Hormuz. Perhaps most important was news that President T...

China Ag Purchases; Tariffs and More

China Ag Purchases The market reacted today to suggestions that President Trump will delay his planned trip to China at the end of the month due to the war in Iran. The excuse is somewhat of a surprise considering this President is usually hyper-multitasking. Soybean investors took it hard, but...

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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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