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feed-grains soy-oilseeds wheat

Market Commentary

It was all about the WASDE today with futures mostly consolidating overnight before trading lower heading into the report. The most notable feature in the August WASDE was the bearish surprise to the corn market with 2019 corn planted acres and yields estimated at 90.0 million and 169.5 bushels/acre, respectively. Both figures were above market expectations and created a 2.181-billion-bushel carryout that was also unexpected. USDA decreased soybean planted and harvested acreage but left yields unchanged. However, those estimates were largely anticipated by the market and left only a minor bearish impact on futures. Further analysis of the August WASDE can be found on WPI’s website under the “PM Post–Markets React” an...

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feed-grains soy-oilseeds wheat

PM Post - Profit-taking

THE OPEN November beans:  9 higher December meal:  3.50 higher December soyoil:  7 higher December corn:  1 higher December wheat:  2 1/4 higher Prices opened as expected with soyoil futures trading into the red at the start of the day and overbought charts prompting ea...

The Daily Onion

Starches and protein are the largest caloric components of the western diet and WPI analyzes them all day long. Notably, the onion is one of the most important components in the Indian diet. Periodically, there is the risk of civil unrest due to production shortfalls of the vegetable. Consequen...

feed-grains soy-oilseeds wheat

AM Outlook - Buying the Open

GOOD MORNING, The charts continue to throw off bullish technical signals, so the funds are buying the open and running with it.  The continuing reports of Chinese business has its corollary year based in 2016, also a very big bean buying year that saw the bean/corn ratio strengthen through...

feed-grains soy-oilseeds wheat

PM Post - Profit-taking

THE OPEN November beans:  9 higher December meal:  3.50 higher December soyoil:  7 higher December corn:  1 higher December wheat:  2 1/4 higher Prices opened as expected with soyoil futures trading into the red at the start of the day and overbought charts prompting ea...

The Daily Onion

Starches and protein are the largest caloric components of the western diet and WPI analyzes them all day long. Notably, the onion is one of the most important components in the Indian diet. Periodically, there is the risk of civil unrest due to production shortfalls of the vegetable. Consequen...

feed-grains soy-oilseeds wheat

AM Outlook - Buying the Open

GOOD MORNING, The charts continue to throw off bullish technical signals, so the funds are buying the open and running with it.  The continuing reports of Chinese business has its corollary year based in 2016, also a very big bean buying year that saw the bean/corn ratio strengthen through...

feed-grains soy-oilseeds wheat

Technical Views - Technically Higher

SPREADS Dec crush trades to 92.15c/bu while oilshare trades to 34.24%.  Dec/March corn trades to 8 1/4c from 8 3/4c, while Dec/Dec narrows to 11 1/2c from 15c.  Nov/Jan beans trades back into 2 3/4c from 3 3/4c, while Jan/March inverts to 9 1/2c from 7c.  Dec wheat/corn trades fr...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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