World Perspectives
feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Based on futures’ price action late last week and early this week, one would be expecting funds to have been net sellers in the major ag commodities, and that’s exactly what happened. Funds expanded their short soybean position by some 30,000 contracts, making it a new five-year low for this week and nearly a record low for the past five years. Additionally, funds were strong net sellers of soyoil and quickly moved from a small net short to their biggest short since early March and a new five-year low. The only bullish action in the soy complex was in soymeal, where managed money traders continue pare back shorts and cut that position in half last week. In the grains, funds expanded their corn and KC and Chicago wheat shorts and...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 19-25, 2024  Wheat:  Net sales reductions of 20,300 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 508,600 MT were down 11 percent from the previous week and 8 perce...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Remains Choppy, Volatile as Weather Drives Markets

The CBOT saw another day of mixed trade with livestock futures pushing sharply lower as demand fears resurface while wheat futures drew back for a third straight day amid more forecasts of showers for previously dry production regions. The soy complex recovered a bit from Tuesday’s sellof...

Food is First Victim; Energy Confusion

Food is First Victim Food comprises just 6 percent of all U.S. exports, but it is the first to receive retaliation in trade disputes. The latest example is Israel’s war with Hamas, though it is American food brands that are taking it on the chin. KFC has had to close 100 outlets in Malays...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 19-25, 2024  Wheat:  Net sales reductions of 20,300 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 508,600 MT were down 11 percent from the previous week and 8 perce...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Remains Choppy, Volatile as Weather Drives Markets

The CBOT saw another day of mixed trade with livestock futures pushing sharply lower as demand fears resurface while wheat futures drew back for a third straight day amid more forecasts of showers for previously dry production regions. The soy complex recovered a bit from Tuesday’s sellof...

Food is First Victim; Energy Confusion

Food is First Victim Food comprises just 6 percent of all U.S. exports, but it is the first to receive retaliation in trade disputes. The latest example is Israel’s war with Hamas, though it is American food brands that are taking it on the chin. KFC has had to close 100 outlets in Malays...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5075/bushel, up $0.04 from yesterday's close.  Jul 24 Wheat closed at $5.9925/bushel, down $0.04 from yesterday's close.  Jul 24 Soybeans closed at $11.7025/bushel, up $0.0725 from yesterday's close.  Jul 24 Soymeal closed at $349/short ton, down $2.9 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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