World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: China Economic Worries Shake Grain Markets, Soybeans End Below $12, Corn at $4.40

The CBOT was mostly lower to start the week with commodity and macroeconomic markets under pressure from bearish economic news in China. Over the weekend, a court ordered China’s largest real estate developer, Evergrande, to liquidate amid the ongoing bankruptcy. That sent bearish ripples through the Chinese economy and cast signifcant doubts on China’s economic performance going forward. Import demand was at the center of this event’s implications for commodities and while it is not particularly relevant for any one commodity, it holds a high-level bearish meaning for all. That, combined with rising tensions in the Middle East and Brazil’s advancing soybean harvest, sent the CBOT ag markets sharply lower on Monday...

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feed-grains soy-oilseeds wheat

Market Commentary: Mostly Higher on Weather

After days of flat to faltering closes, corn and soybeans have now rebounded the past two days, and today wheat joined the rally. In two days, July corn has gained 13 cents and July soybeans are up 36 cents.  USDA’s Export Sales report showed old crop washouts and lower actual expor...

livestock

Livestock Roundup: Ground Beef Clear of HPAI

Live cattle and feeder cattle futures rallied today after feeling the pressure of news and speculation about HPAI. As WPI reported previously, USDA announced on Tuesday it would be testing ground beef in states where dairy cattle herds had tested positive for the H5N1 strain of bird flu. The sa...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5975/bushel, up $0.09 from yesterday's close.  Jul 24 Wheat closed at $6.0425/bushel, up $0.05 from yesterday's close.  Jul 24 Soybeans closed at $11.99/bushel, up $0.2875 from yesterday's close.  Jul 24 Soymeal closed at $364.9/short ton, up $15.9 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly Higher on Weather

After days of flat to faltering closes, corn and soybeans have now rebounded the past two days, and today wheat joined the rally. In two days, July corn has gained 13 cents and July soybeans are up 36 cents.  USDA’s Export Sales report showed old crop washouts and lower actual expor...

livestock

Livestock Roundup: Ground Beef Clear of HPAI

Live cattle and feeder cattle futures rallied today after feeling the pressure of news and speculation about HPAI. As WPI reported previously, USDA announced on Tuesday it would be testing ground beef in states where dairy cattle herds had tested positive for the H5N1 strain of bird flu. The sa...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5975/bushel, up $0.09 from yesterday's close.  Jul 24 Wheat closed at $6.0425/bushel, up $0.05 from yesterday's close.  Jul 24 Soybeans closed at $11.99/bushel, up $0.2875 from yesterday's close.  Jul 24 Soymeal closed at $364.9/short ton, up $15.9 from y...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 19-25, 2024  Wheat:  Net sales reductions of 20,300 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 508,600 MT were down 11 percent from the previous week and 8 perce...

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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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