World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Up

SPREADS August crush trades up to 86c/bu while oilshare trades to 47.74%.  August /Nov bean inverse strengthens to 68 3/4c from 61 1/2c while Sep/Nov trades from 9 3/4c from 8c.  Sep/Dec corn inverse is mixed trading down to 9c from 10 1/4c, while Dec/March carry trades from 7 3/4c to 8c.  Sep/Dec meal trades from $2.00 to $3.40 carry.  Sep/Dec wheat trades from 8 1/4c to 9c carry.  Dec wheat / corn trades from 1.10 3/4c down to 1.04c.   PALM OIL Sep. up 45 ringgits to close at 4,022 ringgit/mt.  Indonesian Palm Oil monthly report forecast May exports at 2.95 mmt, up 21.6% from year ago and up 12% from April on strong demand from China and India.   NEWS Stocks are 90 pts higher with cru...

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feed-grains soy-oilseeds wheat

Market Commentary: War, Crude Oil Still Dominate

The geopolitics of war in Iran are said to now be eclipsing any market focus on next week’s USDA March WASDE report. Volumes were modest in today’s trading, but the message was nonetheless clear – shipping grain and inputs is getting complicated.  Notably, the ratio of De...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.605/bushel, up $0.07 from yesterday's close.  May 26 Wheat closed at $6.1675/bushel, up $0.33 from yesterday's close.  May 26 Soybeans closed at $12.0075/bushel, up $0.215 from yesterday's close.  May 26 Soymeal closed at $317.2/short ton, up $7.9 from ye...

Farm Bill Clears House of Representatives

After two days of mark-up, the so-called “skinny farm bill,” the Farm, Food, and National Security Act, cleared the House of Representatives Agriculture Committee by a vote of 34-17, with 7 Democrats joining all 27 Republicans voting in favor. It will now move to the House floor and...

feed-grains soy-oilseeds wheat

Market Commentary: War, Crude Oil Still Dominate

The geopolitics of war in Iran are said to now be eclipsing any market focus on next week’s USDA March WASDE report. Volumes were modest in today’s trading, but the message was nonetheless clear – shipping grain and inputs is getting complicated.  Notably, the ratio of De...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.605/bushel, up $0.07 from yesterday's close.  May 26 Wheat closed at $6.1675/bushel, up $0.33 from yesterday's close.  May 26 Soybeans closed at $12.0075/bushel, up $0.215 from yesterday's close.  May 26 Soymeal closed at $317.2/short ton, up $7.9 from ye...

Farm Bill Clears House of Representatives

After two days of mark-up, the so-called “skinny farm bill,” the Farm, Food, and National Security Act, cleared the House of Representatives Agriculture Committee by a vote of 34-17, with 7 Democrats joining all 27 Republicans voting in favor. It will now move to the House floor and...

feed-grains soy-oilseeds wheat

Middle East Grain Trade Trends

Somewhat lost in the current discussion over the impacts of the conflict in Iran and the Persian Gulf is the impact on grain trade. The region is not usually at the top of grain market analysts’ thinking when it comes to major demand centers, yet it accounts for significant global grain c...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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