World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Crop tour yield estimates were the feature of the day, and field reports that yields are likely to be lower than reflected in the August Crop Production report were supportive for row crops. The weather outlook remains broadly favorable with below-average temperatures and above-average rainfall for most of the Midwest. Presently, it looks like the only weather risk for the corn and soybean crops is an early frost/freeze. Cash markets continue to weaken around the world as there seems to be no lack of corn, wheat, or soybeans this year. Wheat prices are moving lower under pressure from European/Black Sea harvest and export forecasts, while NOLA offers are falling to keep competitive with South American prices. The only bullishness in cash p...

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feed-grains soy-oilseeds livestock

Market Commentary: Major Markets Bullish for Different Reasons

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...

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...

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

Market Commentary: Major Markets Bullish for Different Reasons

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...

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...

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 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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