World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Confidence in the Pits

The market appeared to be half asleep at the start of today’s session. Corn and wheat were up relatively modestly for a while until wheat shot up to the double digit gains it would hold for the day and corn concurrently found a nickel that it would not give up. Some of it might have been a hangover from yesterday. The news from the Federal Reserve was expected and still there was an over-reaction, followed by a correction – the usual pattern.  By contrast, soybeans immediately went up and stayed double digits higher. Either way, funds were back buying again today. There are reasons for it to continue, and some for why it should quit. For example, IHS Markit raised its estimates for U.S. 2022 corn and soybean production. U...

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Livestock Roundup: Cattle on Feed Preview

USDA will release its Cattle on Feed report tomorrow; the consensus pre-report analysts’ estimate is for the inventory of cattle on feed as of 1 April to be 102 percent of last year; this would be the seventh consecutive month that inventories were equal to or larger than the previous yea...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall while Oilseeds Gain; Oil Falls on U.S. Stocks, Chinese Economy

The CBOT was mixed on Wednesday with wheat futures dropping amid fund selling due to a stronger U.S. dollar and easing Russian FOB offers while corn drifted lower in lackluster, low-volume trade. While the grains were on the defensive, the soy complex found some support from technically related...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3025/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.37/bushel, down $0.1275 from yesterday's close.  May 24 Soybeans closed at $11.495/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $338.7/short ton, up $3.4 f...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA will release its Cattle on Feed report tomorrow; the consensus pre-report analysts’ estimate is for the inventory of cattle on feed as of 1 April to be 102 percent of last year; this would be the seventh consecutive month that inventories were equal to or larger than the previous yea...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall while Oilseeds Gain; Oil Falls on U.S. Stocks, Chinese Economy

The CBOT was mixed on Wednesday with wheat futures dropping amid fund selling due to a stronger U.S. dollar and easing Russian FOB offers while corn drifted lower in lackluster, low-volume trade. While the grains were on the defensive, the soy complex found some support from technically related...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.3025/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.37/bushel, down $0.1275 from yesterday's close.  May 24 Soybeans closed at $11.495/bushel, up $0.045 from yesterday's close.  May 24 Soymeal closed at $338.7/short ton, up $3.4 f...

Biden-Trump on Trade Policy

A Washington International Trade Association discussion on trade policy with former officials from both the Trump and Biden administrations reinforced the bipartisan agreement on some trade policies. A day after House GOP representatives slammed USTR Katherine Tai for the Biden Administration&r...

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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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