World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - More Short-covering Possible

SPREADS May crush trades lower down to 92c/bu while oilshare trades down to 34.10%, close to the 34.0% level that has already been tested once.  Corn spreads widen out with July/Dec trading to 3 1/4c from 2 3/4c.  March/May trades from 4c to 4 1/2c.  July/Nov beans trades into 6c from 7 1/2c.  March/May meal narrows into $5.50 from $5.70.   PALM OIL April down 77 ringgits.  Malaysian customs agency said the crude palm oil export tax for March is steady at 6%, the country's reference price is 2,982.63 ringgit/mt. NEWS News from the China National Health Commission of a dramatic increase in coronavirus cases to 60,000, with the death toll now at 1,367 people, has created a risk-off atmosphere of trade.&...

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feed-grains soy-oilseeds wheat

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CBOT markets opened on a mixed note this morning with some buying interest emerging after the two-day selloff. Soymeal started the day with a strong rally that didn’t stop until the close after Argentina’s Ag Ministry stated it would temporarily halt the registration of new agricult...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 20 Corn closed at $3.705/bushel, down $0.02 from yesterday's close.  May 20 Wheat closed at $5.3575/bushel, down $0.0125 from yesterday's close.  May 20 Soybeans closed at $8.92/bushel, up $0.0375 from yesterday's close.  May 20 Soymeal closed at $298.3/short ton, up $5.3 fro...

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feed-grains soy-oilseeds wheat

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Mar 20 Corn closed at $3.705/bushel, down $0.02 from yesterday's close.  May 20 Wheat closed at $5.3575/bushel, down $0.0125 from yesterday's close.  May 20 Soybeans closed at $8.92/bushel, up $0.0375 from yesterday's close.  May 20 Soymeal closed at $298.3/short ton, up $5.3 fro...

feed-grains soy-oilseeds wheat

China In-Country Analysis

Public Health Covid-19 Under Control in Hubei, Hidden Costs Rise China’s drastic response after the initial delay in shutting down the city of Wuhan and Hubei Province has paid significant dividends in terms of halting the spread of the virus. Although recent events in South Korea and Eur...

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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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