World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading was weaker with modest volume and choppy price action as the trade waits for tomorrow’s July WASDE. Open interest grew for corn, soybeans, and wheat as traders and commercials are apparently adding to positions ahead of the report. Midwest weather is warmer and features plenty of moisture this week, which will be good for crop development. Interestingly, daytime highs are not especially abnormal, but nighttime lows are above average values. A little bit of heat stress at this point in corn and soybean life cycles is a good thing as it will force roots to go deeper for moisture. Overall, crops have received decent weather since planting, which could keep USDA’s yield estimates toward the high side tomorrow. Th...

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Post-Covid Confidence

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feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 743,200 metric tons (MT) for 2020/2021 were up noticeably from the previous week and up 54 percent from the prior 4-week average.   Corn:  Net sales of 2,243,700 MT for 2020/2021 were up 23 percent from the previous week and 56 percent from the prior 4-w...

feed-grains soy-oilseeds wheat

Technical Views - Pullback Continues

SPREADS Dec crush trades to 1.21c/bu while oilshare trades up to 31.0%.  Spreads are weaker with Dec/Dec corn trading down to 11 1/4c inverse from a morning high of 19 3/4c, while Dec/March trades out to a 3 1/2c carry for the first time since early October.  Jan/March bean inverse tr...

feed-grains soy-oilseeds wheat

AM Outlook - Capital Sucking Sound

GOOD MORNING, Prices continue lower as funds are taking money out of the markets on technical considerations as more bearish formations create a down-turn, but also on macro considerations as pre-election jitters arise.  Spreads are breaking down as well.   Crude oil drops to $35...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 743,200 metric tons (MT) for 2020/2021 were up noticeably from the previous week and up 54 percent from the prior 4-week average.   Corn:  Net sales of 2,243,700 MT for 2020/2021 were up 23 percent from the previous week and 56 percent from the prior 4-w...

feed-grains soy-oilseeds wheat

Technical Views - Pullback Continues

SPREADS Dec crush trades to 1.21c/bu while oilshare trades up to 31.0%.  Spreads are weaker with Dec/Dec corn trading down to 11 1/4c inverse from a morning high of 19 3/4c, while Dec/March trades out to a 3 1/2c carry for the first time since early October.  Jan/March bean inverse tr...

feed-grains soy-oilseeds wheat

AM Outlook - Capital Sucking Sound

GOOD MORNING, Prices continue lower as funds are taking money out of the markets on technical considerations as more bearish formations create a down-turn, but also on macro considerations as pre-election jitters arise.  Spreads are breaking down as well.   Crude oil drops to $35...

feed-grains soy-oilseeds wheat

Ag Review - October 2020

WPI's monthly publication features a review of the past month's market and policy analysis articles. This issue looks at the continued impact of the global pandemic on agriculture markets, the potential implications of the upcoming U.S. elections, changes in Brazil’s tariff policies, an a...

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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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