World Perspectives
feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up: Cattle Turning Bullish, WASDE Bearish Grains

The December WASDE was unsurprisingly unsurprising. USDA literally changed nothing in the U.S. 2018/19 soybean balance sheet and made only modest adjustments to the U.S. corn and wheat tables. Consequently, the markets had a muted reaction to the report, but corn and soybeans finished higher while wheat fell to modest losses. Following are a few tables that highlight the major changes in this month’s WASDE:  Wall Street is higher as traders are either encouraged by signs of progress between D.C. and Beijing regarding the trade war, or have simply gotten tired of selling stocks (though we expect algos seldom get “tired”). Regardless, the Dow is up 146 points while the S&P 500 is up 0.7 percent. The VIX is caut...

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It’s Official, Cow-Calf Profits Hit Record for 2025

December is upon us and the fall calf run all but ended, the beef industry is finalizing its estimates of 2025 profitability and market performance. For cow-calf producers, the results from all but the last two weeks of the year indicate profits easily hit a record high, even on an inflation-ad...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Firm, Bean Weak, Weak Wheat Rebound

Overall, it remains a sideways market with corn showing the most confidence but overall market weakness that is both seasonal, and reflective of the fundamentals. China’s purchases of soybeans are now humdrum, but rumor of a possible Chinese corn purchase added a little spice to the marke...

livestock

Livestock Roundup: Meat Market Recap, Beef is Driver

Reported November meat sales data show meat department sales were positive and have remained so since Q1 of 2023. In all cases, dollar gains were from a combination of inflation and demand growth. Indeed, meat demand has remained remarkably resilient through 2025. On a per capita basis, chicken...

livestock

It’s Official, Cow-Calf Profits Hit Record for 2025

December is upon us and the fall calf run all but ended, the beef industry is finalizing its estimates of 2025 profitability and market performance. For cow-calf producers, the results from all but the last two weeks of the year indicate profits easily hit a record high, even on an inflation-ad...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Firm, Bean Weak, Weak Wheat Rebound

Overall, it remains a sideways market with corn showing the most confidence but overall market weakness that is both seasonal, and reflective of the fundamentals. China’s purchases of soybeans are now humdrum, but rumor of a possible Chinese corn purchase added a little spice to the marke...

livestock

Livestock Roundup: Meat Market Recap, Beef is Driver

Reported November meat sales data show meat department sales were positive and have remained so since Q1 of 2023. In all cases, dollar gains were from a combination of inflation and demand growth. Indeed, meat demand has remained remarkably resilient through 2025. On a per capita basis, chicken...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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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