World Perspectives
feed-grains

Technical Views - Spreads and Oilshare

SPREADS Dec crush trades down to new lows at 84.14c/bu, while oilshare trades to 45.10%.  Dec/March corn trades into 8 3/4c from 9 1/4c.  DecMarch wheat trades from 10 1/4c to 11c.  Dec wheat/corn trades from 1.73c down to 1.69 3/4c.  Nov 21/Nov 22 trads from 26c inverse to 32c, starting at a weaker level.  Nov/Jan bean spread trades from 8-8 1/2c. PALM OIL Nov.  up 42 ringgits at 4,320 ringgit/mt.   NEWS Stocks are up 180 pts as crude oil rallies on tight supply concerns once more.  Crude oil trades to $70.78/barrel with the US dollar at 92.88.   CALLS Calls are as follow: beans:  3-5 lower meal: 1.80-2.00 lower soyoil:  mixed corn:  5 1/2-6 1/2 lower wheat:&...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2825/bushel, down $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.225/bushel, down $0.07 from yesterday's close.  Mar 26 Soybeans closed at $10.6175/bushel, down $0.06 from yesterday's close.  Mar 26 Soymeal closed at $294.3/short ton, down $5...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Give Back Gains on Technical Weakness; Hogs Hit New Highs

Trade in ag commodity futures saw two diverging trends to start the week. Weakness quickly developed in grains and oilseeds amid profit taking, weak technicals, and Export Inspections data that were about as exciting as the last half of the Broncos–Patriots game. Conversely, cattle future...

Free Trade Style; 30,000 Feet; Technology Evolution; Taxing Food

Free Trade Style Brussels realizes the mistake it made when it included agriculture in its free trade negotiations with the Mercosur countries. Proponents bragged that it would remove most tariffs on EU–Latin American food trade and concurrently protect Europe’s geographic indicator...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2825/bushel, down $0.0225 from yesterday's close.  Mar 26 Wheat closed at $5.225/bushel, down $0.07 from yesterday's close.  Mar 26 Soybeans closed at $10.6175/bushel, down $0.06 from yesterday's close.  Mar 26 Soymeal closed at $294.3/short ton, down $5...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Give Back Gains on Technical Weakness; Hogs Hit New Highs

Trade in ag commodity futures saw two diverging trends to start the week. Weakness quickly developed in grains and oilseeds amid profit taking, weak technicals, and Export Inspections data that were about as exciting as the last half of the Broncos–Patriots game. Conversely, cattle future...

Free Trade Style; 30,000 Feet; Technology Evolution; Taxing Food

Free Trade Style Brussels realizes the mistake it made when it included agriculture in its free trade negotiations with the Mercosur countries. Proponents bragged that it would remove most tariffs on EU–Latin American food trade and concurrently protect Europe’s geographic indicator...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

CORN As of today, 93 percent of the expected area has been planted, representing a year-on-year delay of more than five percentage points. Some late-planted fields may remain unseeded due to a lack of soil moisture. Rainfall remains absent, while persistently high temperatures are increasing cr...

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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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