World Perspectives
feed-grains

Technical Views - Rebound Higher

SPREADS Dec crush trades to 1.34c/bu, new highs, while oilshare trades 48.80%.  Dec/March corn trades from 8c to 8 1/2c carry while the Dec 21/22 inverse trades from 7 1/2c to 5c.   Dec/March wheat trades from 12 1/2c to new lows of 13c.  Dec wheat/corn trades from 2.12c down to 2.07 1/2c.   Nov/Jan bean spread trades from 10 1/4c to 10 3/4c, while Nov 21/22 trades from 3c inverse to 1 3/4c.  Nov/March beans trades from 18 3/4c to 19 1/2c.   PALM OIL Cash offers for Nov. are up $35/mt ending at 1.282.50/mt and 1.285.00/mt, respectively.  Ahead of the Malaysian Palm Oil Board data to be released on October 11, analysts are forecasting Sep. production at 1.75 mmt, up 2.8% from the prev. wk...

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Slips as Demand Worries Overtake Supply-Side Surprises

The November WASDE offered mixed influences for the major ag markets with USDA making surprise cuts to the U.S. corn and soybean crops and ending stocks, which rallied markets on Friday. The report also, however, cast doubts on the demand-side outlook for both crops and wheat, and that is what...

Deep Bench to Fight RFK; China Market Risk; Thankless Job

Deep Bench to Fight RFKBeing the U.S. Secretary of Agriculture is usually a pretty good job. It involves doling out billions of dollars, the constituency is dominated by courteous country people, and controversies tend to be minor. The person serving the longest in any Cabinet position was Jame...

Rice as a Stable Crop

Last year, India restricted non-Basmati rice exports believing there would be a weather-related short supply. Production was ample and now the country faces record high inventories that will likely be dumped on the world market. The OECD calculates that Indian farmers are implicitly taxed $120...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Slips as Demand Worries Overtake Supply-Side Surprises

The November WASDE offered mixed influences for the major ag markets with USDA making surprise cuts to the U.S. corn and soybean crops and ending stocks, which rallied markets on Friday. The report also, however, cast doubts on the demand-side outlook for both crops and wheat, and that is what...

Deep Bench to Fight RFK; China Market Risk; Thankless Job

Deep Bench to Fight RFKBeing the U.S. Secretary of Agriculture is usually a pretty good job. It involves doling out billions of dollars, the constituency is dominated by courteous country people, and controversies tend to be minor. The person serving the longest in any Cabinet position was Jame...

Rice as a Stable Crop

Last year, India restricted non-Basmati rice exports believing there would be a weather-related short supply. Production was ample and now the country faces record high inventories that will likely be dumped on the world market. The OECD calculates that Indian farmers are implicitly taxed $120...

biofuel

Senate Committee Changes and Ethanol Legislation

As WPI noted a week ago on 4 November, As a general rule, a Republican agenda is likely to be friendlier to liquid fuels, especially petroleum fuels, whereas a Democrat agenda is more likely to include a role for electric vehicles, and a renewable fuels policy that will focus on reducing c...

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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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