World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: WASDE Features Deep Cuts to Argy Crops, U.S. Corn Exports

The CBOT was, as it usually is, solely focused on the USDA’s WASDE report that came out at Noon today. Heading into the report, ag futures were mixed in light volume trade with wheat and corn heading lower while soybeans were 6-7 cents higher. The WASDE offered little fundamental information for wheat and that market continued its existing trend lower following the report. Corn futures moved lower amid a more bearish fundamental outlook and continued fund liquidation, while soybean futures attempted to find some strength amid a relatively benign report. WPI believes, for reasons outlined below, that there is more bullish potential for soybeans going forward, but for the day the market was relegated to modest gains.  The major th...

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USDA 31 March Prospective Plantings surprise will be?

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feed-grains soy-oilseeds wheat

Market Commentary: Soymeal, KCBT Wheat Lead Tuesday Rallies; Acreage and Stocks Reports Loom

The CBOT was mostly higher on Tuesday with traders increasingly preparing and positioning for the coming acreage and Grain Stocks reports. The soy complex was the upside leader for the day with turnaround in soymeal and soybeans gaining steam and attracting more technical buying interest. There...

Unhelpful Timing; Tai Strengths and Weaknesses; IPEF’s Weakness

Unhelpful Timing The U.S. agriculture sector unleashed a pro-trade barrage on the Biden Administration this week and USDA bureaucrats wittingly or unwittingly contributed to the onslaught. U.S. agriculture is highly dependent on trade. It was first battered by Donald Trump’s trade war and...

livestock

Meat Trade Changes

The U.S. is a major meat producer and exporters, and global demand has been growing. At the same time, competition has been growing and U.S. market share has been declining, though less for poultry than for beef. Brazil is a low-cost producer and has been a preferred provider for China where mu...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal, KCBT Wheat Lead Tuesday Rallies; Acreage and Stocks Reports Loom

The CBOT was mostly higher on Tuesday with traders increasingly preparing and positioning for the coming acreage and Grain Stocks reports. The soy complex was the upside leader for the day with turnaround in soymeal and soybeans gaining steam and attracting more technical buying interest. There...

Unhelpful Timing; Tai Strengths and Weaknesses; IPEF’s Weakness

Unhelpful Timing The U.S. agriculture sector unleashed a pro-trade barrage on the Biden Administration this week and USDA bureaucrats wittingly or unwittingly contributed to the onslaught. U.S. agriculture is highly dependent on trade. It was first battered by Donald Trump’s trade war and...

livestock

Meat Trade Changes

The U.S. is a major meat producer and exporters, and global demand has been growing. At the same time, competition has been growing and U.S. market share has been declining, though less for poultry than for beef. Brazil is a low-cost producer and has been a preferred provider for China where mu...

feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.4725/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9975/bushel, up $0.0175 from yesterday's close.  May 23 Soybeans closed at $14.6775/bushel, up $0.255 from yesterday's close.  May 23 Soymeal closed at $457.9/short ton, up $11.9 f...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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