World Perspectives
wheat

WASDE Wheat

WASDE WHEAT:  USDA increased their estimate for 2024/25 global wheat supplies by 1.5 million tons to 1,062.1 million as higher beginning stocks were more than offset by lower production. World wheat trade is raised 1.7 million tons to 216.5 million as higher exports for Australia, Canada, and Ukraine more than offset the reduction for the EU. The projected seasonal-average U.S. farm price remains at $5.70 per bushel...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2775/bushel, up $0.0675 from yesterday's close.  Sep 25 Wheat closed at $5.4625/bushel, up $0.1275 from yesterday's close.  Nov 25 Soybeans closed at $10.3575/bushel, up $0.0925 from yesterday's close.  Dec 25 Soymeal closed at $288.8/short ton, up $5.3 f...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly a Green Finish of a Bullish Week

The market was green across the board in grain and oilseed in the overnight and mostly finished that way in the day session except for soyoil, where profit taking prevailed. It seemed like a hot week for soyoil but after today’s session, it turned out to be corn that had the better week.&...

Strong Retail Sales Report and Inflation Outlook

The June retail sales report beat consensus expectations, rising 0.6 percent. Moreover, it was a strong report, with 10 out of 13 of the sales categories increasing. The largest increase was in the auto sector, a traditionally volatile category. June sales were up 1.2 percent, which came after...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2775/bushel, up $0.0675 from yesterday's close.  Sep 25 Wheat closed at $5.4625/bushel, up $0.1275 from yesterday's close.  Nov 25 Soybeans closed at $10.3575/bushel, up $0.0925 from yesterday's close.  Dec 25 Soymeal closed at $288.8/short ton, up $5.3 f...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly a Green Finish of a Bullish Week

The market was green across the board in grain and oilseed in the overnight and mostly finished that way in the day session except for soyoil, where profit taking prevailed. It seemed like a hot week for soyoil but after today’s session, it turned out to be corn that had the better week.&...

Strong Retail Sales Report and Inflation Outlook

The June retail sales report beat consensus expectations, rising 0.6 percent. Moreover, it was a strong report, with 10 out of 13 of the sales categories increasing. The largest increase was in the auto sector, a traditionally volatile category. June sales were up 1.2 percent, which came after...

livestock

LH 2025 and 2026 Cattle Outlook Challenging for Packers, Favorable for Producers

The biggest question in the cattle and beef markets lately has been “when does the rally stop?” after beef values and fed and feeder cattle prices have all rallied to new all-time highs (beef prices if one ignores the brief rally during the COVID-19 plant closures). The fundamental...

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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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