World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Reversal is the CBOT’s word of the day. Grain markets started out weaker overnight as concerns about the trade war with China deepened. Over the weekend, the yuan traded sharply lower as the Chinese government is likely manipulating its currency to defend against the latest round of Trump tariffs. Corn finished the overnight session down 7.25 cents, and soybeans fell to double-digit losses. Commodity markets were generally in a bad mood at the opening bell and quickly move lower. Notably, lean hog futures came under massive selling pressure, and at one point, all but the first two listed contracts were trading $4.50/cwt lower (daily trading limits were expanded based on Friday’s close).  The selling didn’t last too l...

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feed-grains soy-oilseeds livestock

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The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons.  Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is c...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds livestock

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 23 Corn closed at $6.09/bushel, up $0.165 from yesterday's close.  Jul 23 Wheat closed at $6.19/bushel, up $0.0825 from yesterday's close.  Jul 23 Soybeans closed at $13.525/bushel, up $0.23 from yesterday's close.  Jul 23 Soymeal closed at $397.8/short ton, down $3.6 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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