World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Choppy on Macros

GOOD MORNING, Welcome to the winter solstice, which is the shortest day of the year.  For stargazers, Jupiter and Saturn will appear in the sky, the closest they have been since 1623.  As for Ag prices, it has been a roller-coaster session with prices printing new contract highs for some of the markets at last night’s PM session open, breaking lower on macro weakness into the morning, and rebounding into the close.    Prices are mixed with steeper losses in soyoil on lower crude and palm prices, while beans, meal, and corn set new contract highs.  Macros weigh heavily, as world stocks are lower after Britain's Prime Minister Boris Johnson indicated that a highly infectious new strain of the Covid virus was a...

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feed-grains soy-oilseeds wheat

Market Commentary: SOH Confusion Persists, but Ags Focus on Weather, Exports

The situation in the Persian Gulf remains as volatile as ever since it started on 28 February with a supposed weekend peace agreement dissolving into the U.S. Navy firing upon an Iranian vessel. The vessel was trying to pass through the Strait of Hormuz and reportedly did not heed commands to h...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.52/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.06/bushel, up $0.0675 from yesterday's close.  May 26 Soybeans closed at $11.6575/bushel, down $0.015 from yesterday's close.  Jul 26 Soymeal closed at $321.2/short ton, down $6 from...

Aid versus Trade; Idealism versus Competition; AI and Ag; Untethered Presidency

Aid versus Trade Development assistance has a long and unsatisfying history. The causes of poverty were long ago identified as poor governance and the lack of rule of law. But the UN could not criticize the national leaders that form its membership, and so for decades development assistance has...

feed-grains soy-oilseeds wheat

Market Commentary: SOH Confusion Persists, but Ags Focus on Weather, Exports

The situation in the Persian Gulf remains as volatile as ever since it started on 28 February with a supposed weekend peace agreement dissolving into the U.S. Navy firing upon an Iranian vessel. The vessel was trying to pass through the Strait of Hormuz and reportedly did not heed commands to h...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.52/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.06/bushel, up $0.0675 from yesterday's close.  May 26 Soybeans closed at $11.6575/bushel, down $0.015 from yesterday's close.  Jul 26 Soymeal closed at $321.2/short ton, down $6 from...

Aid versus Trade; Idealism versus Competition; AI and Ag; Untethered Presidency

Aid versus Trade Development assistance has a long and unsatisfying history. The causes of poverty were long ago identified as poor governance and the lack of rule of law. But the UN could not criticize the national leaders that form its membership, and so for decades development assistance has...

feed-grains soy-oilseeds energy

Iran Peace Talks on Again, Off Again: Impacting Fertilizer

President Trump and Iranian Foreign Minister Abbas Araghchi announced on social media Friday that the Strait of Hormuz is now fully open to commercial vessels. Araghchi’s post said the strait will stay open for the remainder of the U.S.-Iran ceasefire. President Trump said, “the Str...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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