World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Time for Recovery Today

GOOD MORNING, Prices are firmer this morning on oversold conditions and short-covering heading into the Thanksgiving closure on Thursday.  The delivery cycle begins at the close of this session with first notice day commencing on Friday, November 29.  Corn volumes are still comprised heavily of spread trade, with Dec/March making up the majority of trading volumes.  First notice day often has a bearish component to it as longs have to decide whether to roll or liquidate.  In this case, the delivery cycle, good weather in South America, and continued back and forth trade rhetoric talk took a toll on price action this week, even though beans at the Gulf are priced attractively.  Time for recovery today.  ...

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feed-grains soy-oilseeds wheat

AM Outlook - Priced to Sell

GOOD MORNING, Prices continued to work lower post beneficial crop progress numbers.  Rising domestic and international crop estimates for wheat, (Russia and Australia), pushed prices lower.  Egypt tendered for 60,000 mt of mill grade wheat for Sep 11-30 shipment. Large yield ideas for...

feed-grains soy-oilseeds wheat

Market Commentary: Commodity Collapse

The CBOT was sharply weaker for the second trading day in August. Continued excellent or improving spring crop conditions and private firm forecasts of record corn and soybean yields sparked widespread selling. Corn dipped to new contract lows – as did HRW wheat – while SRW wheat an...

Phase One Collateral Damage; Conditional Income Subsidies

Phase One Collateral Damage UC-Davis researchers Robert Feenstra and Chang Hong analyzed (NBER Working Paper No. 27383) the impact of the Phase One agreement on China’s agricultural imports and find that some U.S. allies should be very upset. Holding China’s imports roughly static,...

feed-grains soy-oilseeds wheat

AM Outlook - Priced to Sell

GOOD MORNING, Prices continued to work lower post beneficial crop progress numbers.  Rising domestic and international crop estimates for wheat, (Russia and Australia), pushed prices lower.  Egypt tendered for 60,000 mt of mill grade wheat for Sep 11-30 shipment. Large yield ideas for...

feed-grains soy-oilseeds wheat

Market Commentary: Commodity Collapse

The CBOT was sharply weaker for the second trading day in August. Continued excellent or improving spring crop conditions and private firm forecasts of record corn and soybean yields sparked widespread selling. Corn dipped to new contract lows – as did HRW wheat – while SRW wheat an...

Phase One Collateral Damage; Conditional Income Subsidies

Phase One Collateral Damage UC-Davis researchers Robert Feenstra and Chang Hong analyzed (NBER Working Paper No. 27383) the impact of the Phase One agreement on China’s agricultural imports and find that some U.S. allies should be very upset. Holding China’s imports roughly static,...

What is the Exit Strategy for Ad Hoc Farm Payments?

The 2018 farm bill was signed into law in December of that year and implementing rules were rolled out through 2019. The major crop programs, like ARC and PLC for example, saw participation elections and signups in the fall of 2019 and CRP general sign up began in December 2019. These and other...

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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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