World Perspectives
feed-grains soy-oilseeds livestock

Market Commentary: Major Markets Bullish for Different Reasons

The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons.  Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is contrary to what models predicted just a month or so ago, which at the time motivated the selloff in corn futures. Now, short positions are being closed as the weather market develops.  Wheat followed the corn market higher and received a bit of bullish news of its own from Russia’s renewed (or continued?) efforts to stifle execution of the Black Sea grain export deal. There’s not really a shortage of wheat without Black Sea shipment...

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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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