World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Gains on Weather Concerns; Inflation Data Sinks Livestock Futures

The CBOT was mixed on the last full trading day before the April WASDE with the corn and wheat markets seeing support and ending higher, while the soy complex retreated, and the livestock sector collapsed on inflation-induced demand concerns. The catalyst for the day’s strength in corn was opaque but stronger basis levels and some pre-report short covering were noted. Wheat prices found support from weather concerns in the U.S. and Europe with the Matif and KC markets leading the way. As will be discussed in more detail below, the shock of higher-than-expected inflation sent the cattle and hog markets sharply lower with traders expanding short positions in cattle or making a quick exit from hog future longs. Fund activity was most pro...

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Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Hits New Highs on Smaller Russian Crop; Corn, Soy Fall on Planting Progress

The CBOT was mixed on Tuesday with corn and the soy complex finding pressure after Monday’s Crop Progress report reflected better-than-expected planting progress. That reduced concerns about late plantings negatively impacting yields or, for soybeans, unplanted corn acres being switched t...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8...

Banking Committee Looking at Food Prices and Corporate Greed

The Senate Banking Committee’s subcommittee on Economic Policy will be holding a hearing tomorrow entitled "Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.” This is the second hearing on this topic convened by t...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Hits New Highs on Smaller Russian Crop; Corn, Soy Fall on Planting Progress

The CBOT was mixed on Tuesday with corn and the soy complex finding pressure after Monday’s Crop Progress report reflected better-than-expected planting progress. That reduced concerns about late plantings negatively impacting yields or, for soybeans, unplanted corn acres being switched t...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8...

Banking Committee Looking at Food Prices and Corporate Greed

The Senate Banking Committee’s subcommittee on Economic Policy will be holding a hearing tomorrow entitled "Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.” This is the second hearing on this topic convened by t...

Breaking Eggs with Poor Math

Activists have been pressuring the Biden Administration to take more action against Big Ag. The latest is an attack on egg production. Opponents are blaming the spread of avian influenza (AI) and the high cost of eggs on what they claim is 110 billion eggs produced on just 347 farms. They asser...

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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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