World Perspectives
feed-grains soy-oilseeds wheat

A World of Grain

USDA released its May WASDE Tuesday. The May WASDE is always interesting since it includes USDA’s updated projections on U.S. and world supplies and demand for grains and the soy complex for the following new crop cycle as well as revised estimates for the current one. Obviously, it is very early to be projecting supply/demand estimates for the new crop year, 2020/21 in this case. The only crop for which serious data-based estimates can be made is Northern Hemisphere winter wheat. Most spring planted crops have just been planted or are now being planted, and planting of most new Southern Hemisphere crops is months away. This is why USDA likes to refer to its May new crop numbers as projections rather than estimates. Nevertheless, for...

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feed-grains soy-oilseeds wheat

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The CBOT was mostly higher to end a mostly bearish week with wheat leading the way on several mildly bullish developments. Wheat futures saw price-supportive development in the IGC’s lower 2024/25 global ending stocks forecast, dryness in the U.S. Southern Plains, and smaller Russian 2024...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Gains to Close Week; Wheat Firms on Bullish News

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.335/bushel, up $0.0675 from yesterday's close.  Jul 24 Wheat closed at $5.6675/bushel, up $0.1375 from yesterday's close.  May 24 Soybeans closed at $11.505/bushel, up $0.1625 from yesterday's close.  Jul 24 Soymeal closed at $343.2/short ton, up $5.8 fro...

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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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