World Perspectives

Coming Currency War; Trees Over People; Punching Above Weight Class

Coming Currency War The dollar is now nearly 13 percent weaker than it was earlier this year and possibly headed lower based on massive deficit spending. The inverse is that other currencies are getting stronger. And for those nations that are export dependent, a stronger currency threatens their recovery from the global COVID-19 recession. When President-Elect Joe Biden assumes office, he will inherit his predecessor’s designation of Switzerland and Vietnam as currency manipulators, plus a long list of others that are on a presumptive “watch” list.  The Nikkei reports that the day after Mr. Biden won the election, Japanese Prime Minister Yoshihide Suga told aides not to allow the yen to slip below 100 to the dollar...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.72/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.625/bushel, up $0.1125 from yesterday's close.  May 25 Soybeans closed at $10.14/bushel, down $0.11 from yesterday's close.  May 25 Soymeal closed at $302.3/short ton, down $2.1 from...

feed-grains soy-oilseeds wheat

Market Commentary: Retaliatory Tariffs and Pre-WASDE Positioning Drive CBOT

Pre-WASDE positioning and reactions to various tariffs and retaliatory tariffs drove much of the market’s action on Monday. The big news was China’s retaliatory tariffs against Canadian rapeseed oil, rapeseed meal, and peas, which will be levied at 100 percent of product value. That...

New Canadian Prime Minister Selected

Last night, Canada selected a new prime minister-elect, as Justin Trudeau's reign, since November 2015, comes to a close amid a trade war with the U.S. On 6 January, Trudeau announced his resignation, opening up his seat. In the meantime, Canada's Liberal Party announced that Mark Carney was ch...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.72/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.625/bushel, up $0.1125 from yesterday's close.  May 25 Soybeans closed at $10.14/bushel, down $0.11 from yesterday's close.  May 25 Soymeal closed at $302.3/short ton, down $2.1 from...

feed-grains soy-oilseeds wheat

Market Commentary: Retaliatory Tariffs and Pre-WASDE Positioning Drive CBOT

Pre-WASDE positioning and reactions to various tariffs and retaliatory tariffs drove much of the market’s action on Monday. The big news was China’s retaliatory tariffs against Canadian rapeseed oil, rapeseed meal, and peas, which will be levied at 100 percent of product value. That...

New Canadian Prime Minister Selected

Last night, Canada selected a new prime minister-elect, as Justin Trudeau's reign, since November 2015, comes to a close amid a trade war with the U.S. On 6 January, Trudeau announced his resignation, opening up his seat. In the meantime, Canada's Liberal Party announced that Mark Carney was ch...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  In February, rainfall in Argentina’s core agricultural region averaged 222 mm, nearly double the 30-year historical average for the month, which ranges from 100–140 mm from west to east. March began with a similar trend, bringing heavy rains across the country, particula...

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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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