World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Mostly Higher

SPREADS July crush is slightly lower today at 1.18c/bu, but still good margins.  Oilshare firms to 29.42% as meal prices correct against soyoil.  July/Nov bean inverse is still strong trading up to 12 3/4c from 9 3/4c.  May/Jly beans trades from 1 1/4c to 1 3/4c carry.  July/Dec corn firms back into 12 1/4c from 13 1/2c, and values that were out to a 15 1/4c carry.   May/July wheat trades up to 10 3/4c inverse from 5 1/4c.  July/Dec meal trades from $14.30 inverse to $11.60.  May wheat/corn trades from 2.12 up to 2.17 1/4c.  PALM OIL Palm higher, cash up $10/mt.   Malaysia's commodity minister said he expected relations to improve rapidly after India removed its 5% edible oil import...

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As Gary Blumenthal reported yesterday, efforts are afoot to put a safety net under global crude oil prices. President Trump is communicating with Saudi Arabia and Russia to coordinate a détente in their price and production war, and the so-called OPEC-Plus group, which includes OPEC memb...

feed-grains soy-oilseeds wheat

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feed-grains biofuel energy

Crude Oil and Feedlot Rations

As Gary Blumenthal reported yesterday, efforts are afoot to put a safety net under global crude oil prices. President Trump is communicating with Saudi Arabia and Russia to coordinate a détente in their price and production war, and the so-called OPEC-Plus group, which includes OPEC memb...

feed-grains soy-oilseeds wheat

Market Commentary

The CBOT was called mixed/lower to start today and it did just that. Corn and the soy complex were subject to fund selling and broke key technical support points while the wheat market strengthened on news of a Russian export quota. The livestock markets are in complete disarray and swung from...

Jones Act Waiver; Cost of Local; USMCA Date

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livestock 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...

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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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