World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Selling in wheat was the dominant theme at the CBOT on Monday. Weekend news that private firms had made upward revisions to the Russian wheat crop, now forecast just shy of 80 MMT, pressured the CBOT to start the week. Unwinding of wheat/corn spreads helped the latter firm slightly while the soy complex was led by higher soyoil values.  The USDA reported 260,000 MT of soybeans sold to “unknown” destinations in today’s flash export sales report. The sales included 8,000 MT for delivery in 2019/20 and the balance (252,000 MT) for MY 2020/21.  The weekly Export Inspections report was neutral corn and soybeans while once again coming in bullish wheat. With only a few weeks left in the 2019/20 corn and soybean marke...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.785/bushel, up $0.0325 from yesterday's close.  Dec 20 Wheat closed at $5.75/bushel, up $0.1875 from yesterday's close.  Nov 20 Soybeans closed at $10.435/bushel, up $0.15 from yesterday's close.  Dec 20 Soymeal closed at $342.1/short ton, up $6.8 from ye...

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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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