World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Day of Truth

GOOD MORNING, Price action has been guided for most of the week by current demand and speculation about today’s October WASDE report. Based on where prices have gone, the market believes that USDA will cut yields and thereby lower carryout numbers.  The rallies and the amount of fund length heading into the report make it one that could see a good deal of volatility, with higher prices already defining tighter supplies.  Typically, when USDA lowers numbers in Sep., they tend to follow-through in the same direction in October.  But given the extent of fund buying, the onus is now on the market to reach those very bullish numbers. Anything less will be a set up for chart consolidation.  The current export pace for...

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feed-grains soy-oilseeds wheat

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livestock

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Beef packer margins weakened further last week, with estimated net losses widening to -$247/head, extending the deterioration seen through late January. Boxed beef values were firmer last week, but gains failed to offset increases in fed cattle prices, resulting in additional margin compression...

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We now have nearly a year of data to work with on the impact of the Trump Administration’s tariffs.  When they were first announced, there was quite a bit of conjecture and some sophisticated economic analysis about how trade flows would be impacted. This brief analysis will focus br...

feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close.  Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.  Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close.  Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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