World Perspectives
soy-oilseeds

Oilseed Highlights: South American Dryness; NOPA Crush; Export Discrepancy; China Soy Purchase

Escalating Drought in Paraguay and Brazil Over the past few months, the soybean market has understandably been dominated by the U.S-China trade dispute. However, there should be greater focus on the evolving dry weather situation in Brazil and Paraguay that will likely reduce their soybean output. In Brazil, the dry conditions have become a problem in the south, mainly in the state of Parana and Mato Grosso do Sul. Some areas have not had significant precipitation in almost 30 days. Rain did fall in some parts of the region last weekend, but the amounts were mostly under a half-inch. Because the soybeans in Parana were planted earlier than normal this year, the dryness is occurring at a critical time for plant development with the likelih...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Complex Pause Rallies while Technical Buying Lifts Wheat

When markets opened on Monday there were just nine trading sessions before the quarterly Grain Stocks and Acreage Intentions reports from USDA, which meant that traders were focused on adjusting positions and forecasts ahead of those numbers. Beyond that, the weather is the market’s prima...

Monetary Policy Between a Rock and a Hard Place

The Federal Open Market Committee (FOMC) will meet this week; interest rates were last raised in July 2023, and during Q4 when rates were held steady markets were hopeful that was a signal that a rate cut would be coming in 2024.   Right now, however, the Federal Funds Futures market...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.36/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.4275/bushel, up $0.1425 from yesterday's close.  May 24 Soybeans closed at $11.8775/bushel, down $0.105 from yesterday's close.  May 24 Soymeal closed at $331.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Complex Pause Rallies while Technical Buying Lifts Wheat

When markets opened on Monday there were just nine trading sessions before the quarterly Grain Stocks and Acreage Intentions reports from USDA, which meant that traders were focused on adjusting positions and forecasts ahead of those numbers. Beyond that, the weather is the market’s prima...

Monetary Policy Between a Rock and a Hard Place

The Federal Open Market Committee (FOMC) will meet this week; interest rates were last raised in July 2023, and during Q4 when rates were held steady markets were hopeful that was a signal that a rate cut would be coming in 2024.   Right now, however, the Federal Funds Futures market...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.36/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.4275/bushel, up $0.1425 from yesterday's close.  May 24 Soybeans closed at $11.8775/bushel, down $0.105 from yesterday's close.  May 24 Soymeal closed at $331.9/short ton, down $2...

livestock

Brazil’s Meat Opportunity

Brazil has famously surpassed the U.S. as the world’s largest producer and exporter of soybeans, and it could become a more consistent top exporter of corn. However, its livestock production lags. Brazil’s soybean production has been expanding at an average 5.5 percent per year, and...

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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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