World Perspectives
soy-oilseeds

WASDE Soybeans

USDA Notes: Soybean production for 2019/20 is projected at 3.845 billion bushels, down 305 million based on lower planted and harvested area in the June 28 Acreage report and on lower projected yields.  Harvested area, forecast at 79.3 million acres, is down 4.5 million from last month.  With planting progress significantly behind in many states, USDA’s National Agricultural Statistics Service (NASS) will collect updated information on 2019 area planted, and if the newly collected information justifies changes, updated acreage estimates will be published by NASS in the August Crop Production report.  The soybean yield is forecast at 48.5 bushels per acre, down 1 bushel based on delayed planting progress throughout the m...

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Summary of Futures

Dec 19 Corn closed at $3.91/bushel, down $0.0375 from yesterday's close.  Dec 19 Wheat closed at $5.3225/bushel, up $0.0675 from yesterday's close.  Nov 19 Soybeans closed at $9.34/bushel, up $0.025 from yesterday's close.  Dec 19 Soymeal closed at $308.5/short ton, up $1.7 from...

The Evolving Trading System; CAP’s Fault; Fooled Foodies

The Evolving Trading System WTO Director General Roberto Azevêdo laments that people are forgetting the importance of a rule-based system of economic cooperation. Former Clinton Administration trade negotiator Harry Broadman laments that under President Trump, the U.S. has become more lik...

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Market Commentary

Trading at the CBOT today was muted with traders mostly evening positions, taking some profits, and generally not adding to or subtracting from risk ahead of the weekend. Fundamental news was light as well, except for forecasts that a tropical storm in the Gulf of Mexico will create above-avera...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 19 Corn closed at $3.91/bushel, down $0.0375 from yesterday's close.  Dec 19 Wheat closed at $5.3225/bushel, up $0.0675 from yesterday's close.  Nov 19 Soybeans closed at $9.34/bushel, up $0.025 from yesterday's close.  Dec 19 Soymeal closed at $308.5/short ton, up $1.7 from...

The Evolving Trading System; CAP’s Fault; Fooled Foodies

The Evolving Trading System WTO Director General Roberto Azevêdo laments that people are forgetting the importance of a rule-based system of economic cooperation. Former Clinton Administration trade negotiator Harry Broadman laments that under President Trump, the U.S. has become more lik...

feed-grains soy-oilseeds wheat

Market Commentary

Trading at the CBOT today was muted with traders mostly evening positions, taking some profits, and generally not adding to or subtracting from risk ahead of the weekend. Fundamental news was light as well, except for forecasts that a tropical storm in the Gulf of Mexico will create above-avera...

wheat

Rise in Wheat Futures

Chicago wheat futures have been climbing for the past few weeks based on still somewhat speculative supply losses due to adverse weather conditions and solid demand. Futures literally look forward while USDA’s strength is in the present and past. Historically, the stocks to use ratio and...

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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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