World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Futures Scream Higher; Cash Markets Also on Fire

The CBOT continues to scream higher with Chinese buying of U.S. corn and soybeans underpinning prices. Managed money funds have been aggressive buyers as technical analysis has shown few, if any, reasons to be bearish or sell a long position. The rally is not isolated to the futures market either, with cash grain markets jumping higher as well. WPI sources continue to note that elevation capacity is at a premium and companies are passing on tenders due to lack of elevation space.  USDA announced the second round of COVID-19-related financial aid for farmers. The program will be worth $14 billion and corn, soybeans, and wheat will be eligible for at least $15/acre. Producers can sign up starting Monday and the program will run through...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Rally; Funds Cover Shorts Amid Widespread Futures Strength

The spring 2024 wheat rally continues as weather threats linger for the U.S., Europe, and the Black Sea. Weather forecasts that offer a challenging outlook for the 2024/25 Northern Hemisphere crop are forcing funds to keep exiting short positions, with the resulting positive technical developme...

Hecho en Mexico; Radical for Small; Impeach Tai?

Hecho en Mexico While outgoing Mexican president and populist AMLO tries to shutdown American farmers, the U.S. government just keeps giving to Mexico. The de minimis duty is about to go away. The personal free import allowance is complex. Most American citizens reentering the country think of...

feed-grains

Squeeze on White Corn

South Africa’s Crop Estimates Committee warns that instead of a previously expected 13.8 percent increase in maize production in 2024/25, output could fall to a five year low on account of El Nino. The shortfall is particularly acute for white corn, with the price rising 30 percent thus f...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Extends Rally; Funds Cover Shorts Amid Widespread Futures Strength

The spring 2024 wheat rally continues as weather threats linger for the U.S., Europe, and the Black Sea. Weather forecasts that offer a challenging outlook for the 2024/25 Northern Hemisphere crop are forcing funds to keep exiting short positions, with the resulting positive technical developme...

Hecho en Mexico; Radical for Small; Impeach Tai?

Hecho en Mexico While outgoing Mexican president and populist AMLO tries to shutdown American farmers, the U.S. government just keeps giving to Mexico. The de minimis duty is about to go away. The personal free import allowance is complex. Most American citizens reentering the country think of...

feed-grains

Squeeze on White Corn

South Africa’s Crop Estimates Committee warns that instead of a previously expected 13.8 percent increase in maize production in 2024/25, output could fall to a five year low on account of El Nino. The shortfall is particularly acute for white corn, with the price rising 30 percent thus f...

feed-grains soy-oilseeds wheat

Summary of Futures

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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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