World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: ASF Tanks Dalian Soymeal, CBOT Soybeans; Wheat Retreats on Larger Global Crop Forecast

Friday’s CBOT trade was driven by a combination of end-of-month profit taking, volatile macro-markets, slow export demand, and news of new African Swine Fever (ASF) outbreaks in China. The latter item sparked a 5 percent decline in Dalian soymeal futures, the market’s steepest decline in eight years. In turn, that pressured CBOT soymeal and soybeans and sparked a broader selloff in ag commodities. Corn, soybeans, wheat, cattle, and hog futures all posted losses for the day.  Funds are thought to have sold 14,000 contracts of soybeans, and 10,000 contracts of corn along with 8,500 contracts of wheat. Funds are thought to have also been modest net sellers in soymeal and soyoil. This week’s CFTC data shows that, through...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Remains Choppy, Volatile as Weather Drives Markets

The CBOT saw another day of mixed trade with livestock futures pushing sharply lower as demand fears resurface while wheat futures drew back for a third straight day amid more forecasts of showers for previously dry production regions. The soy complex recovered a bit from Tuesday’s sellof...

Food is First Victim; Energy Confusion

Food is First Victim Food comprises just 6 percent of all U.S. exports, but it is the first to receive retaliation in trade disputes. The latest example is Israel’s war with Hamas, though it is American food brands that are taking it on the chin. KFC has had to close 100 outlets in Malays...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5075/bushel, up $0.04 from yesterday's close.  Jul 24 Wheat closed at $5.9925/bushel, down $0.04 from yesterday's close.  Jul 24 Soybeans closed at $11.7025/bushel, up $0.0725 from yesterday's close.  Jul 24 Soymeal closed at $349/short ton, down $2.9 fro...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Remains Choppy, Volatile as Weather Drives Markets

The CBOT saw another day of mixed trade with livestock futures pushing sharply lower as demand fears resurface while wheat futures drew back for a third straight day amid more forecasts of showers for previously dry production regions. The soy complex recovered a bit from Tuesday’s sellof...

Food is First Victim; Energy Confusion

Food is First Victim Food comprises just 6 percent of all U.S. exports, but it is the first to receive retaliation in trade disputes. The latest example is Israel’s war with Hamas, though it is American food brands that are taking it on the chin. KFC has had to close 100 outlets in Malays...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5075/bushel, up $0.04 from yesterday's close.  Jul 24 Wheat closed at $5.9925/bushel, down $0.04 from yesterday's close.  Jul 24 Soybeans closed at $11.7025/bushel, up $0.0725 from yesterday's close.  Jul 24 Soymeal closed at $349/short ton, down $2.9 fro...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 22–26 April 2024 Russian analysts are beginning to worry that this season’s grain production in Russia may drop from almost 145 MMT in 2023 to 135 MMT because of the drought in Southern Federal District – the wheat belt of Russia. Russian Ministry of Agr...

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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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