World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Caution About Oilshare

GOOD MORNING, Funds continue to make adjustments into the end of the month and into the Thanksgiving holiday.  Volumes are going to probably dwindle from here.  Jan beans break $9.00, ignoring more of the bullish fundamentals such as a good round of export sales and crush demand.  Funds are in liquidation mode, and prices are now at the lower end of the trading range for beans, with a good corrective pullback in soyoil futures.  Feels like funds are prepared to be short everything but soyoil.    The Wall Street Journal reports that the Chinese have invited US representatives Mnuchin and Lighthizer to Beijing for a sit down meeting before the Thanksgiving holiday.  While it may be a good story, funds are...

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livestock

Livestock Round Up

The Livestock and Meat trade data will be released Monday after the holiday weekend; it will likely show exports way down in May reflecting the COVID-19 impact on slaughter and offsetting the high profile gains made in April, especially in pork shipments to China. With the COVID shutdown in pla...

feed-grains soy-oilseeds wheat

Export Sales

Wheat: Net sales of 414,300 metric tons (MT) were reported for delivery in marketing year 2020/2021.   Corn: Net sales of 361,100 MT for 2019/2020 were down 22 percent from the previous week and 32 percent from the prior 4-week average.   Soybeans: Net sales of 241,700 MT fo...

feed-grains soy-oilseeds wheat

Market Commentary

It was a quiet session (December corn contract volume was down 55 percent from the five-day average) in an early close before a long weekend as some profit was taken off the table, but there are still things to talk about.  Economists polled by Reuters ahead of today’s U.S. jobs rep...

livestock

Livestock Round Up

The Livestock and Meat trade data will be released Monday after the holiday weekend; it will likely show exports way down in May reflecting the COVID-19 impact on slaughter and offsetting the high profile gains made in April, especially in pork shipments to China. With the COVID shutdown in pla...

feed-grains soy-oilseeds wheat

Export Sales

Wheat: Net sales of 414,300 metric tons (MT) were reported for delivery in marketing year 2020/2021.   Corn: Net sales of 361,100 MT for 2019/2020 were down 22 percent from the previous week and 32 percent from the prior 4-week average.   Soybeans: Net sales of 241,700 MT fo...

feed-grains soy-oilseeds wheat

Market Commentary

It was a quiet session (December corn contract volume was down 55 percent from the five-day average) in an early close before a long weekend as some profit was taken off the table, but there are still things to talk about.  Economists polled by Reuters ahead of today’s U.S. jobs rep...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 20 Corn closed at $3.435/bushel, down $0.07 from yesterday's close.  Sep 20 Wheat closed at $4.92/bushel, down $0.0675 from yesterday's close.  Nov 20 Soybeans closed at $8.9675/bushel, down $0.0225 from yesterday's close.  Dec 20 Soymeal closed at $304.2/short ton, down $0.4...

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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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