World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Note: the CBOT will close early at 13:05 ET on Thursday, 2 July and reopen the evening of Sunday, 5 July. USDA handed the market an unwaveringly bullish acreage report on Tuesday. The report featured a 6-million-acre decrease in total crop area from the agency’s March estimate. Most of that acreage reduction came from corn, where planted area is pegged at 92 million acres – down from USDA’s March forecast of 96.99 million acres. Soybean and wheat area decreased as well, sending futures prices for those commodities soaring. Despite the fact the agency’s numbers were well below market expectations, it’s notable that both corn and soybean acres increased from 2019 when a wet spring led to the slowest planting in...

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soy-oilseeds

Canola Has Further to Climb

March canola oil closed at a new contract high today of $717.40/MT. IMF data shows global vegetable oil prices moving higher and canola oil likely still has further to climb. Overall rapeseed oil prices are responding to the tightening in global stocks. Global rapeseed oil stocks are 7.6 percen...

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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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