World Perspectives
feed-grains soy-oilseeds wheat

Technical Views - Recovery Trade

  SPREADS August crush trades to 87c/bu while oilshare trades to 47.0%.   The July/Nov bean inverse falls to new lows of 1.12 1/2c from 1.15 1/4c as Day 4 of the Goldman roll continues.  July/Dec meal widens out to an $8.40 carry from $7.20.  July/Dec corn inverse trades to 81 1/4c from 87c, while Sep/Dec trades from 24c to 22c.  July/Dec wheat trades from 14 3/4c carry to 15 3/4c.  Dec wheat/corn trades from 88c to 77 1/4c. PALM OIL August down 26 ringgits.  Palm continues to head lower on fears of increased supply vs. demand.  NEWS The stock market is up 150 pts with crude oil at $70.41/barrel, and the US dollar at 90.28.  US jobless claims fell to 376,000 last week, the Labor Dept...

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feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Collapses on Global Vegoil Weakness; Dakota Rains Again Pressure Grains

Weaker technical conditions, limit-down soyoil, and more rains for the Dakotas conspired to push the CBOT sharply lower on Friday. Thursday’s WASDE should have been supportive for corn, but overnight rains in the northern Plains gave bulls pains. Today concludes the index fund roll, which...

biofuel

RINs and Repeat of RFS Waivers

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Hot Red Meat As American and European leaders are meeting there is yet another key transatlantic difference, but it needs no negotiation and that is meat. Red meat consumption is falling in the EU and policymakers in Brussels want it to fall even more. Like Americans, Europeans have consumed mo...

feed-grains soy-oilseeds wheat

Market Commentary: Soyoil Collapses on Global Vegoil Weakness; Dakota Rains Again Pressure Grains

Weaker technical conditions, limit-down soyoil, and more rains for the Dakotas conspired to push the CBOT sharply lower on Friday. Thursday’s WASDE should have been supportive for corn, but overnight rains in the northern Plains gave bulls pains. Today concludes the index fund roll, which...

biofuel

RINs and Repeat of RFS Waivers

When it comes to biofuels policy and the White House, it is the same song but in a different key. The Biden White House is caught between two political base constituencies, environmentalists and labor. The groups are different than they were for the Trump Administration - agriculture and petrol...

Hot Red Meat; Farming Profession

Hot Red Meat As American and European leaders are meeting there is yet another key transatlantic difference, but it needs no negotiation and that is meat. Red meat consumption is falling in the EU and policymakers in Brussels want it to fall even more. Like Americans, Europeans have consumed mo...

wheat soy-oilseeds feed-grains

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

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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