World Perspectives
wheat

WASDE Wheat

Wheat: USDA reduced U.S. wheat exports for the 2024/25 season by 15 million bushels and increased imports by 10 million bushels.  The result is that U.S. ending stocks are raised 25 million bushels to 819 million, up 18 percent from last year. Thus, the U.S. season-average farm price is reduced $0.05 per bushel to $5.50. USDA’s global wheat outlook is for increased supplies by 5.4 million tons to 1,066.7 million. China’s imports are reduced 1.5 million tons to 6.5 million and are less than half of its 2023/24 imports. Projected 2024/25 global ending stocks are raised 2.5 million tons to 260.1 million, mostly on increases for Turkey, Argentina, the United States, Australia, and Russia...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds further expanding long positions across the major ag futures contracts for the sixth straight week. Funds added 176,000 contracts (60 percent) to their all-ags net long position, with strong and mostly uniform buying across the ag sector.  The soy co...

feed-grains soy-oilseeds wheat

Market Commentary: Green Despite Many Obstacles

There was mostly green on the board for Friday and for the week as a whole. Another contract high was printed by soyoil as higher energies, higher inflation, and heightened geopolitical tensions all favored commodities.  There are some topical contrasts. For example, the cattle market is t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, up $0.05 from yesterday's close.  May 26 Wheat closed at $5.915/bushel, up $0.17 from yesterday's close.  May 26 Soybeans closed at $11.7075/bushel, up $0.0725 from yesterday's close.  May 26 Soymeal closed at $320.5/short ton, down $0.4 from...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds further expanding long positions across the major ag futures contracts for the sixth straight week. Funds added 176,000 contracts (60 percent) to their all-ags net long position, with strong and mostly uniform buying across the ag sector.  The soy co...

feed-grains soy-oilseeds wheat

Market Commentary: Green Despite Many Obstacles

There was mostly green on the board for Friday and for the week as a whole. Another contract high was printed by soyoil as higher energies, higher inflation, and heightened geopolitical tensions all favored commodities.  There are some topical contrasts. For example, the cattle market is t...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, up $0.05 from yesterday's close.  May 26 Wheat closed at $5.915/bushel, up $0.17 from yesterday's close.  May 26 Soybeans closed at $11.7075/bushel, up $0.0725 from yesterday's close.  May 26 Soymeal closed at $320.5/short ton, down $0.4 from...

livestock

Cold Storage Report: Up over Last Month, Down on the Year

The Cold Storage report for January showed that red meat and poultry supplies rose from the month ending December, but total supplies are down from a year ago and well below the 5-year average. Total supplies were 1.878 billion pounds, down 2.5 percent from a year ago. This indicates a tighteni...

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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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