World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Consolidates but Bullish Trends Persist

After yesterday’s bullish WASDE sparked massive rallies at the CBOT, ag markets calmed today and looked to be establishing new trading ranges. As WPI has frequently pointed out, bull markets will often rest and consolidate for a period following sharp rallies before beginning another move higher. That appears to be what the markets are currently thinking, with soybeans and Chicago wheat ending lower for the day and corn settled near the bottom end of its trading range.  Funds were net sellers for the day, booking profits while awaiting Brazilian harvest data and signs that current prices are rationing demand. Funds sold some 20,000 contracts of corn and soybeans, along with 7,000 contracts of wheat. Funds were net sellers in soy...

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feed-grains soy-oilseeds wheat

PM Post - Liquidation; Wheat Tops

THE OPEN March beans:  18 lower March meal:  5.80 lower March soyoil;  64 lower March corn:  1 lower March wheat:  7 higher Prices opened as expected with pressure continuing throughout the morning.  Pressure elsewhere on the board took wheat prices off the highs.&...

feed-grains soy-oilseeds wheat

AM Outlook - Busy Start

GOOD MORNING, The night session featured a higher wheat market vs. lower markets elsewhere, supported by Matif corn and wheat that gapped into new highs overnight. Russia's restrictions and export taxes, ($1.65 export tax on wheat exports after March 1), could mean that as much as 5-7 mmt of Ru...

feed-grains soy-oilseeds wheat

Technical Views - Wheat Up, Rest Down

SPREADS March crush falls further to 62c/bu, while oilshare weakens to 30.98%.    July/Dec corn inverse falls to 67 1/2c from 75c, while March/May trades from 2 1/4c to 3c carry.  March/May wheat trades from 3/4c to 1c carry.   March wheat/corn trades from 1.50c to 1.58...

feed-grains soy-oilseeds wheat

PM Post - Liquidation; Wheat Tops

THE OPEN March beans:  18 lower March meal:  5.80 lower March soyoil;  64 lower March corn:  1 lower March wheat:  7 higher Prices opened as expected with pressure continuing throughout the morning.  Pressure elsewhere on the board took wheat prices off the highs.&...

feed-grains soy-oilseeds wheat

AM Outlook - Busy Start

GOOD MORNING, The night session featured a higher wheat market vs. lower markets elsewhere, supported by Matif corn and wheat that gapped into new highs overnight. Russia's restrictions and export taxes, ($1.65 export tax on wheat exports after March 1), could mean that as much as 5-7 mmt of Ru...

feed-grains soy-oilseeds wheat

Technical Views - Wheat Up, Rest Down

SPREADS March crush falls further to 62c/bu, while oilshare weakens to 30.98%.    July/Dec corn inverse falls to 67 1/2c from 75c, while March/May trades from 2 1/4c to 3c carry.  March/May wheat trades from 3/4c to 1c carry.   March wheat/corn trades from 1.50c to 1.58...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 21 Corn closed at $5.315/bushel, down $0.0275 from yesterday's close.  Mar 21 Wheat closed at $6.755/bushel, up $0.055 from yesterday's close.  Mar 21 Soybeans closed at $14.1675/bushel, down $0.1375 from yesterday's close.  Mar 21 Soymeal closed at $463.2/short ton, down $1...

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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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