World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Posts Limit-Losses; Wheat Bounces Like a Dead Cat; Hogs Rally Sharply Higher

Except for corn, the CBOT was mostly lower on Friday with the soyoil market plugging to limit-losses and pulling soybeans lower as well. Wheat futures continued to see follow-through selling on yesterday’s technically disastrous trade but posted small gains at the day’s end. Funds were modest net buyers in corn for the day while selling heavy volume of soyoil and soybeans. Funds are thought to have been relatively flat the wheat market with fresh short selling partly offset with short covering at technical support levels.  The market continues to prepare for next week’s USDA reports, where the agency is expected to forecast U.S. corn plantings of 93.21 million acres, up from last year’s 90.819 million actual ac...

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Related Articles
feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.0575 from yesterday's close.  May 24 Wheat closed at $5.475/bushel, up $0.04 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.065 from yesterday's close.  May 24 Soymeal closed at $339/short ton, down $0.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Acreage Outlooks Weaken Corn, Soy; Wheat Gains on Firmer Russian Offers

Trade at the CBOT was mostly lower heading into Thursday’s Grain Stocks and Prospective Plantings reports from the USDA, but wheat futures managed to find midday support and settle higher. Wheat’s strength came from another week of cautious gains in Russian FOB offers, which is seen...

BRICS Grain Exchange; EU Policy Foibles; Yen Implosion

BRICS Grain Exchange Russia is reportedly pushing other BRICS members to use the bloc as a grain exchange in competition with the West. The assertion is that these countries already control 42 percent of the grain trade. Add the new members like Egypt, Saudi Arabia, Iran and the UAE, plus other...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.2675/bushel, down $0.0575 from yesterday's close.  May 24 Wheat closed at $5.475/bushel, up $0.04 from yesterday's close.  May 24 Soybeans closed at $11.925/bushel, down $0.065 from yesterday's close.  May 24 Soymeal closed at $339/short ton, down $0.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Acreage Outlooks Weaken Corn, Soy; Wheat Gains on Firmer Russian Offers

Trade at the CBOT was mostly lower heading into Thursday’s Grain Stocks and Prospective Plantings reports from the USDA, but wheat futures managed to find midday support and settle higher. Wheat’s strength came from another week of cautious gains in Russian FOB offers, which is seen...

BRICS Grain Exchange; EU Policy Foibles; Yen Implosion

BRICS Grain Exchange Russia is reportedly pushing other BRICS members to use the bloc as a grain exchange in competition with the West. The assertion is that these countries already control 42 percent of the grain trade. Add the new members like Egypt, Saudi Arabia, Iran and the UAE, plus other...

livestock

Duck Data

The USDA attache’s office in New Delhi reports that India issued revised import rules last month for premium duck meat. The tariff was reduced from 30 percent to 5 percent, and standards were announced for selling the meat to at least three-star hotels and restaurants approved by the gove...

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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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