World Perspectives
feed-grains

Technical Views - Rebound Higher

SPREADS Dec crush trades to 1.34c/bu, new highs, while oilshare trades 48.80%.  Dec/March corn trades from 8c to 8 1/2c carry while the Dec 21/22 inverse trades from 7 1/2c to 5c.   Dec/March wheat trades from 12 1/2c to new lows of 13c.  Dec wheat/corn trades from 2.12c down to 2.07 1/2c.   Nov/Jan bean spread trades from 10 1/4c to 10 3/4c, while Nov 21/22 trades from 3c inverse to 1 3/4c.  Nov/March beans trades from 18 3/4c to 19 1/2c.   PALM OIL Cash offers for Nov. are up $35/mt ending at 1.282.50/mt and 1.285.00/mt, respectively.  Ahead of the Malaysian Palm Oil Board data to be released on October 11, analysts are forecasting Sep. production at 1.75 mmt, up 2.8% from the prev. wk...

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Sorting Through Tariffs

On 2 April, President Trump announced the U.S. will impose a minimum baseline of 10 percent tariffs on all imported goods into the U.S. as well as higher reciprocal tariffs on exporting countries that impose tariffs on U.S. goods. Countries that will see tariffs higher than the baseline 10 perc...

feed-grains soy-oilseeds wheat

Challenging Analogues

Drew Lerner at World Weather, Inc. makes an interesting analogy between U.S. weather this spring, and that of 1968. Both this year and 1968 involved recovery from peak solar activity (sunspots) and neutral ENSO (El Niño/Southern Oscillation) conditions.  He looked at seven previous...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.47/bushel, down $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.34/bushel, up $0.0375 from yesterday's close.  Jul 25 Soybeans closed at $10.5175/bushel, up $0.0325 from yesterday's close.  Jul 25 Soymeal closed at $296.4/short ton, up $2.7 from...

Sorting Through Tariffs

On 2 April, President Trump announced the U.S. will impose a minimum baseline of 10 percent tariffs on all imported goods into the U.S. as well as higher reciprocal tariffs on exporting countries that impose tariffs on U.S. goods. Countries that will see tariffs higher than the baseline 10 perc...

feed-grains soy-oilseeds wheat

Challenging Analogues

Drew Lerner at World Weather, Inc. makes an interesting analogy between U.S. weather this spring, and that of 1968. Both this year and 1968 involved recovery from peak solar activity (sunspots) and neutral ENSO (El Niño/Southern Oscillation) conditions.  He looked at seven previous...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.47/bushel, down $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.34/bushel, up $0.0375 from yesterday's close.  Jul 25 Soybeans closed at $10.5175/bushel, up $0.0325 from yesterday's close.  Jul 25 Soymeal closed at $296.4/short ton, up $2.7 from...

feed-grains soy-oilseeds wheat

Market Commentary: Volatility versus Fundamentals

Markets have been trending lower this week and while soybeans and SRW teased lower numbers this morning, both ultimately turned around and left corn and soyoil the lonely losers for the day. HRS continued to bounce on the lower crop rating early this week. In contrast to SRW and HRW, HRS is up...

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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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