World Perspectives

Canadian Elections

Canadian voters went to the polls last night. They selected Mark Carney, the current Prime Minister, as the leader of the new government. The writ of election was issued just over a month ago, on 23 March, after Governor General Mary Simon accepted a request to dissolve parliament from Prime Minister Carney. Moreover, this was the first election to use a new 343 seat electoral map based on the 2021 Canadian census.   The ruling liberal party is projected to have won the election, forming its fourth consecutive government. However, as of last night, it is unclear if this will be a majority or minority government. The milestone is 172 seats. As of last night, the tally for the Liberals was 168 seats with the vote counting suspended...

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Market Commentary: Continued Edging Lower on Big Supplies

It was a mixed and quiet close to the market after a week of mostly price declines. There were new contract lows scored by front month SRW and HRS. Soybean traders didn’t know where to take their positions and so they left the September and November contracts both unchanged. Outside marke...

Tariffs, Mexico Extension, Federal Reserve, and Jobs Report

President Trump signed an executive order yesterday unveiling a massive overhaul of U.S. tariff policy, introducing a series of new tariff rates for U.S. trading partners. The executive order was signed hours before today’s deadline, but the order also included a provision to start the ne...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1075/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.1675/bushel, down $0.065 from yesterday's close.  Nov 25 Soybeans closed at $9.8925/bushel, up $0 from yesterday's close.  Dec 25 Soymeal closed at $280.5/short ton, up $4.5 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Continued Edging Lower on Big Supplies

It was a mixed and quiet close to the market after a week of mostly price declines. There were new contract lows scored by front month SRW and HRS. Soybean traders didn’t know where to take their positions and so they left the September and November contracts both unchanged. Outside marke...

Tariffs, Mexico Extension, Federal Reserve, and Jobs Report

President Trump signed an executive order yesterday unveiling a massive overhaul of U.S. tariff policy, introducing a series of new tariff rates for U.S. trading partners. The executive order was signed hours before today’s deadline, but the order also included a provision to start the ne...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1075/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.1675/bushel, down $0.065 from yesterday's close.  Nov 25 Soybeans closed at $9.8925/bushel, up $0 from yesterday's close.  Dec 25 Soymeal closed at $280.5/short ton, up $4.5 from y...

feed-grains soy-oilseeds wheat

How Will Soybeans’ Uncertain Outlook Affect Other Commodities?

November soybean futures’ recent move below the psychologically important $10.00 threshold has triggered concerns about weakness there affecting other markets. The question of how soybeans could impact other markets is germane because the oilseed is facing larger and more rapid adjustment...

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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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