World Perspectives
feed-grains soy-oilseeds

WPI’s Post-WASDE Quarterly Corn, Soy Outlook

Now that the WASDE has come and gone, it’s time for the commodity market analyst community to argue about why USDA’s projections are wrong and what the world will actually look like over the next marketing year. WPI is loath to miss this monthly festival of forecasting, so we offer our thoughts below. Before that, however, we note that while we may have different forecasts than USDA, we greatly appreciate their efforts and readily acknowledge that the entire agricultural industry is better off because of their work. Consequently, rather than offer these thoughts as evidence USDA is “wrong”, we simply throw our predictive hat into the ring alongside USDA’s work and hope you find our results and discussion useful...

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feed-grains soy-oilseeds wheat

Market Commentary: Unmoved and Uncertain

It was the third straight day of flash soybean sales to China. The IGC tightened global soybean balances. The morning’s USDA’s export sales report showed corn and wheat ahead of last year. The September employment report showed substantially larger gains than expected. Stocks opened...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

CBOT board soybean crush margins have been volatile over the past two months due to rapidly changing political and export outlooks as well as shifting global supply expectations. In mid-October, the January crush margin hit a rally high of 155 cents/bushel before it dropped to a contract low of...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.265/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.4075/bushel, down $0.0875 from yesterday's close.  Jan 26 Soybeans closed at $11.225/bushel, down $0.1375 from yesterday's close.  Dec 25 Soymeal closed at $314/short ton, down $4...

feed-grains soy-oilseeds wheat

Market Commentary: Unmoved and Uncertain

It was the third straight day of flash soybean sales to China. The IGC tightened global soybean balances. The morning’s USDA’s export sales report showed corn and wheat ahead of last year. The September employment report showed substantially larger gains than expected. Stocks opened...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

CBOT board soybean crush margins have been volatile over the past two months due to rapidly changing political and export outlooks as well as shifting global supply expectations. In mid-October, the January crush margin hit a rally high of 155 cents/bushel before it dropped to a contract low of...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.265/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.4075/bushel, down $0.0875 from yesterday's close.  Jan 26 Soybeans closed at $11.225/bushel, down $0.1375 from yesterday's close.  Dec 25 Soymeal closed at $314/short ton, down $4...

livestock

Livestock Round Up: HPAI Vaccine and Trade Concerns

The Indiana State Board of Animal Health (BOAH) reports that the most recent cases of HPAI have been confirmed on two commercial broiler operations, two commercial meat duck facilities, and one commercial breeder duck operation in LaGrange and Elkhart Counties. On February 8, 2022, HPAI was ini...

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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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