World Perspectives
soy-oilseeds feed-grains

Mercosur Regional Analysis

Soybeans  Market Overview  Following the Chinese Lunar New Year holiday, expectations for increased soybean demand from China were not met, resulting in a lower-than-anticipated purchase volume. There was still some activity, however, and  last week Brazil saw movement for March positions. It is estimated that China still needs to purchase approximately 1.5 MMT to cover all their March requirements. Total March demand from China was reduced from 12 to 11 MMT from U.S. and Brazil due to fewer than expected purchases in the past days. Market dynamics have shifted notably in recent months. Previously observed inverses in Brazilian FOB offers from February and March to April have narrowed due to lack of spot demand. Last week...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Gains to Close Week; Wheat Firms on Bullish News

The CBOT was mostly higher to end a mostly bearish week with wheat leading the way on several mildly bullish developments. Wheat futures saw price-supportive development in the IGC’s lower 2024/25 global ending stocks forecast, dryness in the U.S. Southern Plains, and smaller Russian 2024...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Based on futures’ price action late last week and early this week, one would be expecting funds to have been net sellers in the major ag commodities, and that’s exactly what happened. Funds expanded their short soybean position by some 30,000 contracts, making it a new five-year low...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.335/bushel, up $0.0675 from yesterday's close.  Jul 24 Wheat closed at $5.6675/bushel, up $0.1375 from yesterday's close.  May 24 Soybeans closed at $11.505/bushel, up $0.1625 from yesterday's close.  Jul 24 Soymeal closed at $343.2/short ton, up $5.8 fro...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Gains to Close Week; Wheat Firms on Bullish News

The CBOT was mostly higher to end a mostly bearish week with wheat leading the way on several mildly bullish developments. Wheat futures saw price-supportive development in the IGC’s lower 2024/25 global ending stocks forecast, dryness in the U.S. Southern Plains, and smaller Russian 2024...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Based on futures’ price action late last week and early this week, one would be expecting funds to have been net sellers in the major ag commodities, and that’s exactly what happened. Funds expanded their short soybean position by some 30,000 contracts, making it a new five-year low...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.335/bushel, up $0.0675 from yesterday's close.  Jul 24 Wheat closed at $5.6675/bushel, up $0.1375 from yesterday's close.  May 24 Soybeans closed at $11.505/bushel, up $0.1625 from yesterday's close.  Jul 24 Soymeal closed at $343.2/short ton, up $5.8 fro...

soy-oilseeds

Oilseed Highlights: Still Softly Descending

The Market Soybeans sharply rebounded on Friday after hitting a one month low the day before, likely on short covering. For the week, May soybeans lost 16.25 cents (-2 percent) and November soybeans gave up 15.25 cents. The latter new crop contract still carries an 11 cent premium over the soon...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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