World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Lower Through October

The CBOT started the new week on a bearish note with last week’s WASDE and fund selling as reported in the CFTC report creating pressure. Corn has the most bearish fundamentals right now, so it’s understandable that the market dropped to a new low for the year and broke technical support. Wheat and soybeans seemed a little bit in the passenger’s seat for the day with little fresh news available to offer support. Indeed, soybeans saw selling pressure based on last week’s NOPA crush report that, for the day, overrode any fears about tight U.S. carry-out for 2023. Seasonally, this is the time of year when futures see added pressure as the harvest advances, so it would be unsurprising to see markets continue to drift low...

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feed-grains soy-oilseeds wheat

Market Commentary: Reports Tank Soy Complex and Wheat; Corn Stocks Bullish but Market Falls Anyway

The much-anticipated Grain Stocks report failed to match expectations in terms of supply data, but more than exceeded hopes for an exciting day of trade. The USDA’s headline report – the Grain Stocks as of 1 September – and the Small Grains summary report sent wheat and the so...

softs energy feed-grains

CFTC COT Report Analysis

New: WPI has added softs (cocoa, coffee, cotton, and sugar) and selected energy futures (NYMEX natural gas, crude oil, RBOB gasoline, and Chicago ethanol) to this report. Consequently, the attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 23 Corn closed at $4.7675/bushel, down $0.1175 from yesterday's close.  Dec 23 Wheat closed at $5.415/bushel, down $0.3725 from yesterday's close.  Nov 23 Soybeans closed at $12.75/bushel, down $0.255 from yesterday's close.  Dec 23 Soymeal closed at $381.2/short ton, down $1...

feed-grains soy-oilseeds wheat

Market Commentary: Reports Tank Soy Complex and Wheat; Corn Stocks Bullish but Market Falls Anyway

The much-anticipated Grain Stocks report failed to match expectations in terms of supply data, but more than exceeded hopes for an exciting day of trade. The USDA’s headline report – the Grain Stocks as of 1 September – and the Small Grains summary report sent wheat and the so...

softs energy feed-grains

CFTC COT Report Analysis

New: WPI has added softs (cocoa, coffee, cotton, and sugar) and selected energy futures (NYMEX natural gas, crude oil, RBOB gasoline, and Chicago ethanol) to this report. Consequently, the attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 23 Corn closed at $4.7675/bushel, down $0.1175 from yesterday's close.  Dec 23 Wheat closed at $5.415/bushel, down $0.3725 from yesterday's close.  Nov 23 Soybeans closed at $12.75/bushel, down $0.255 from yesterday's close.  Dec 23 Soymeal closed at $381.2/short ton, down $1...

soy-oilseeds

Oilseed Highlights – Drift Lower Could End

The Market It was another week of falling oilseed prices. November soybeans dropped 1.6 percent, December soymeal lost 1.1 percent and December soyoil fell hardest, shaving off 6.3 percent. The market can be a paradox. Brazil is dominating the export market and yet the U.S. has tight supplies a...

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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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