World Perspectives
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 to expire May contract. May soymeal closed down $5.80 (-0.3 percent) at  343.2/ST, and May soyoil shed .28 cents (-2 percent) to end the week at 44.94/pound. Palm oil spent the week losing money and is at a six-week low, and canola futures gave up 3.7 percent on the week.   The subject of USDA’s substantially higher estimate of Brazil’s soybean crop than the one used by its counterpart agency, Conab, was a topic at the...

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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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