World Perspectives

Divergence of Markets; Fear No Beer; Little Net Gain

Divergence of Markets Food away from home has been outpacing food at home as the cost of human services has written. The categories on the rise include meat, eggs, produce, and alcohol. Food prices are unlikely to descend and even food price discounter Walmart has struggled to restrain what they charge to their budget conscious costumers. Prices that have declined include bananas, salmon, pork chops and sweet potatoes. Nonetheless, one troubling result is that the number of Americans reporting that they lack sufficient food rose 25 percent in 2024. At the same time, more affluent shoppers are increasing their purchases of more expensive organic foods by 13.9 percent CAGR.  Through a combination of production hurdles and health concerns...

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Market Commentary: Good Weather is Bad for Bulls

The CBOT was sharply lower at mid-week with favorable weather for the U.S. 2025 spring crops and weaker global grain markets exacting a heavy toll. Notable among the day’s moves were the new contract lows in corn and soymeal and soybeans’ move back below the prices they traded just...

Ignoring Margins; Trump Tariff Win

Ignoring Margins The U.S. Senate’s Subcommittee on Antitrust, Competition Policy, and Consumer Rights held a hearing yesterday on, Reducing Regulatory Burdens to Unlock Innovation and Spur New Entry and the meat packing industry was front and center. UC-Berkely Senior Fellow Doha Mekki co...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.1025/bushel, down $0.06 from yesterday's close.  Sep 25 Wheat closed at $5.445/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.2525/bushel, down $0.215 from yesterday's close.  Jul 25 Soymeal closed at $276/short ton, down $4.5...

feed-grains soy-oilseeds wheat

Market Commentary: Good Weather is Bad for Bulls

The CBOT was sharply lower at mid-week with favorable weather for the U.S. 2025 spring crops and weaker global grain markets exacting a heavy toll. Notable among the day’s moves were the new contract lows in corn and soymeal and soybeans’ move back below the prices they traded just...

Ignoring Margins; Trump Tariff Win

Ignoring Margins The U.S. Senate’s Subcommittee on Antitrust, Competition Policy, and Consumer Rights held a hearing yesterday on, Reducing Regulatory Burdens to Unlock Innovation and Spur New Entry and the meat packing industry was front and center. UC-Berkely Senior Fellow Doha Mekki co...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.1025/bushel, down $0.06 from yesterday's close.  Sep 25 Wheat closed at $5.445/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.2525/bushel, down $0.215 from yesterday's close.  Jul 25 Soymeal closed at $276/short ton, down $4.5...

feed-grains soy-oilseeds wheat

Market Commentary: Grains, Oil Fall on Risk-off Trade after Middle East Ceasefire

The biggest drive of the CBOT’s Tuesday trade had little to do with grain markets themselves and, rather, was primarily focused on risk and positioning dynamics following the apparent Israel-Iran ceasefire agreement. While both sides have apparently agreed to some sort of ceasefire deal,...

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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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