World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls on Supply Expectations; Hog Trend Reversal Underway?

The CBOT was mostly lower in lackluster trade Wednesday with soymeal, live cattle, and hogs seeing the only substantial gains. The general trend for the week seems to be that global grain and oilseed supplies will be more ample for 2023/24 than expected, which is weighing on futures. Grains were again on the defensive as more export competition from Russia and Ukraine pressured wheat values and as traders are increasingly looking for stronger U.S. corn yields this fall. Markets are also starting to consolidate before the 12 October WASDE report, which will keep volatility and price action muted going forward. With September – historically a poor month for stock market returns – in the rearview mirror, U.S. stocks tentatively pu...

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feed-grains soy-oilseeds wheat

Market Commentary: Bulls Rest Amid Quiet Headlines but Weather Minimizes Downside Potential

The CBOT was mixed to close a week that has generally featured quiet or range-bound trade (except the soyoil market) with traders seemingly weighing their long-term outlooks amid conflicting weather and production signals. Wheat was lower on Friday with pressure coming from larger-than-expected...

feed-grains wheat soy-oilseeds

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 24 Corn closed at $4.525/bushel, down $0.045 from yesterday's close.  Jul 24 Wheat closed at $6.5125/bushel, down $0.12 from yesterday's close.  Jul 24 Soybeans closed at $12.28/bushel, up $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $368.8/short ton, up $1.1 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Bulls Rest Amid Quiet Headlines but Weather Minimizes Downside Potential

The CBOT was mixed to close a week that has generally featured quiet or range-bound trade (except the soyoil market) with traders seemingly weighing their long-term outlooks amid conflicting weather and production signals. Wheat was lower on Friday with pressure coming from larger-than-expected...

feed-grains wheat soy-oilseeds

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 24 Corn closed at $4.525/bushel, down $0.045 from yesterday's close.  Jul 24 Wheat closed at $6.5125/bushel, down $0.12 from yesterday's close.  Jul 24 Soybeans closed at $12.28/bushel, up $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $368.8/short ton, up $1.1 fro...

soy-oilseeds

Oilseeds Highlights: Defying the Odds

The Market Despite worries about used cooking oil imports, slow exports, and a drop in the NOPA crush, July soybeans closed the week up 9 cents (0.73 percent) at 1228/bushel. Traders must have Brazilian flooding on their minds. However, the November contract lost 2.5 cents (-0.18 percent) to en...

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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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