World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Selloff Intensifies; Aussie Wheat Crop Gets Bigger

Monday offered little reprieve from the CBOT’s recent trends with the selloffs in soyoil and wheat intensifying. Funds were net sellers in both markets, but for different reasons. In soyoil, the EPA’s latest renewable fuel volume mandates are, at least for now, perceived as bearish and the technical breakdown and position liquidation by heavily-long funds only adds to the weak price action. In wheat, Australia’s equivalent of the USDA raised its forecast for the country’s wheat crop, which added fundamental fuel to the bearish technical fire already consuming CBOT and KCBT futures. Corn extended its late-week weakness as well and soybeans abandoned higher trade to end lower on Monday too. The only real bright spot wa...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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Wheat remains the star of the ag commodity space this week with the rally continuing on challenging weather prospects for the U.S. HRW region, Europe, and the Black Sea. Until a few weeks ago, there were few doubts about the 2024 crop being able to supply the expected demand, but now reduced yi...

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livestock

Livestock Roundup: HPAI Developments

Yesterday, the Animal and Plant Health Inspection Service (APHIS) issued a federal order requiring testing and reporting of highly pathogenic avian influenza (HPAI) for the interstate movement of lactating dairy cattle. Specific guidance will be issued at some point today, and the order will go...

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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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