World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Oversold

GOOD MORNING, Prices rallied yesterday on oversold technicals, and a bit of a shift in the fundamental outlook as US corn is finally becoming more competitive, as evidenced by sales announcements this week.  Basis levels remain firm, with the corn harvest pace the second slowest in a quarter century.  Bean rallies are clipped by stiff chart resistance, good weather in South America, and a weaker Brazilian Real, which has promoted a round of farmer selling.     Soyoil futures remain the leader to the upside with oilshare again gaining strength.  Soyoil charts continue to impress, bouncing back nicely after defining the lower end of its recent trading range.  Jan beans test $9.10 again in the PM session, wi...

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FOB Prices and Freight Rate App (Updated 6 December)

Update for 6 December 2019: All other routes/offers updated through the day's close.  Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price.   Freight Comments for 5 December 2019: Jay O’Neil, O’Neil Com...

feed-grains soy-oilseeds wheat

Technical Views - Risk On

SPREADS March crush trades top 1.08c/bu while oilshare moves into steady territory from lower at 33.70%.   Bean spreads are still wide with Jan/March trading from 14 1/4c out to 15 1/4c.  March/May beans trades from 14 1/4c to 14 3/4c.   March/May meal narrows into $2.6...

Interactive Ocean Freight Rates (Updated 5 December)

Data Updated Through: 5 December 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt.  Ocean Freight Insights and Comments - 5 December 2019 By Jay O'Neil Commodity Consulting   Dry-bulk markets look like they found...

FOB Prices and Freight Rate App (Updated 6 December)

Update for 6 December 2019: All other routes/offers updated through the day's close.  Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price.   Freight Comments for 5 December 2019: Jay O’Neil, O’Neil Com...

feed-grains soy-oilseeds wheat

Technical Views - Risk On

SPREADS March crush trades top 1.08c/bu while oilshare moves into steady territory from lower at 33.70%.   Bean spreads are still wide with Jan/March trading from 14 1/4c out to 15 1/4c.  March/May beans trades from 14 1/4c to 14 3/4c.   March/May meal narrows into $2.6...

Interactive Ocean Freight Rates (Updated 5 December)

Data Updated Through: 5 December 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt.  Ocean Freight Insights and Comments - 5 December 2019 By Jay O'Neil Commodity Consulting   Dry-bulk markets look like they found...

feed-grains soy-oilseeds wheat

AM Outlook - Looking for Cover

GOOD MORNING, The rising soy complex on Thursday was led by meal, which rebounded on technical consideration and news that Argentina's largest meal exporter, Vicentin, was in financial distress and having payment restructuring issues.  This company is Argentina's number one exporter of soy...

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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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