World Perspectives
feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.495/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9225/bushel, down $0.125 from yesterday's close.  May 23 Soybeans closed at $14.745/bushel, down $0.0275 from yesterday's close.  May 23 Soymeal closed at $459.9/short ton, up $1.7 from yesterday's close.  May 23 Soyoil closed at 54.37 cents/lb down 1.01 cents from yesterday's close.  Jun 23 Live Cattle closed at $161/cwt up $1.35 from yesterday's close.  May 23 Feeder Cattle closed at $204.45/cwt up $1.925 from yesterday's close.  Jun 23 Lean Hogs closed at $91.6/cwt up $0.775 from yesterday's close.  May 23 WTI Crude Oil closed at $74.41/barrel up $1.44 from yesterday's close.   ...

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feed-grains soy-oilseeds livestock

Market Commentary: Major Markets Bullish for Different Reasons

The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons.  Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is c...

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

feed-grains soy-oilseeds livestock

Market Commentary: Major Markets Bullish for Different Reasons

The CBOT was mostly higher for the day with each of the major markets rallying based on different sets of fundamental reasons.  Corn was the decided upside leader as the 14-day forecast remains hot and dry for the central and Eastern Corn Belt. The shift towards persistent dry weather is c...

Diverging Data on Jobs

As WPI has reported many times over the past two years, conventional economic data is difficult to decipher because the impact of COVID and its aftermath were anything but conventional. It was concurrently an increase in consumer spending power and demand, while a slow-down, to shut down in eco...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 23 Corn closed at $6.09/bushel, up $0.165 from yesterday's close.  Jul 23 Wheat closed at $6.19/bushel, up $0.0825 from yesterday's close.  Jul 23 Soybeans closed at $13.525/bushel, up $0.23 from yesterday's close.  Jul 23 Soymeal closed at $397.8/short ton, down $3.6 from ye...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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