World Perspectives
feed-grains soy-oilseeds wheat

More Things to Keep You Up at Night

Thursday’s weekly USDA export sales report, which contained small totals for corn, wheat and soybeans along with sales cancellations of the latter to China, sent the markets reeling lower after its release. The initial weakness then triggered some significant technical selling, and the market took out some key technical support. The problem is that the data that caused the sell-off was for the week ending 3 January, making the report six weeks old. In addition, it covered the New Year’ holiday week. The sales cancellations to China were also old news, and it has purchased in excess of 10 MMT since then. This just highlights the problems associated with USDA failing to bring the weekly export sales data up to date quickly. It i...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5/bushel, down $0.02 from yesterday's close.  Jul 24 Wheat closed at $6.2225/bushel, up $0.0175 from yesterday's close.  Jul 24 Soybeans closed at $11.7725/bushel, down $0.025 from yesterday's close.  Jul 24 Soymeal closed at $344.7/short ton, down $2.9 f...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Worries Nearing a Ceiling

Large supplies and a strong dollar took their toll this week on corn and soybeans, but they still managed to outperform. Weather worries pushed wheat higher for a seventh straight session, and pork finally took a fall.  There was high volume trading in corn today but without any strong fee...

soy-oilseeds

Oilseed Highlights: Up, Despite Grey Clouds

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5/bushel, down $0.02 from yesterday's close.  Jul 24 Wheat closed at $6.2225/bushel, up $0.0175 from yesterday's close.  Jul 24 Soybeans closed at $11.7725/bushel, down $0.025 from yesterday's close.  Jul 24 Soymeal closed at $344.7/short ton, down $2.9 f...

Q1 GDP Comes in Low, Interest Rate Expected to Stay High

The Q1 2024 GDP was 1.6 percent, well below the pre-report consensus expectation of 2.4 percent, and down from 3.1 percent in Q1 2023 and 3.4 percent in Q4 2023. That rate was the slowest in almost two years, dating back to Q2 2022.  Recall that in the 2 February Ag Perspectives report on...

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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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