World Perspectives
feed-grains soy-oilseeds wheat

Friday Thoughts

Thursday's USDA reports were bearish, and corn took the brunt of the bearish action closing down the 40-cent limit. Corn stocks were larger than expected, although the current marketing year ending stocks are still tight. Winter wheat planted acres were larger than expected. Soybean demand was reduced again. Here are some additional thoughts.1. Hard red winter wheat acres are projected to increase about 1.5 million acres from 2011 acres. Planted acres in Texas and Oklahoma alone are projected to increase by a million acres, with North Dakota up 300,000 acres. There are several reasons for the increases: The initial crop revenue insurance price guarantee for 2012 HRW is $8.72 compared to $7.14 last year. KC July futures are now below $...

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feed-grains soy-oilseeds wheat

Market Commentary: Limping Home After a Dreary Week

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feed-grains soy-oilseeds wheat

Summary of Futures

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Competing Manufacturing Data

According to S&P Global, the US manufacturing sector grew for the fourth consecutive month in September. The U.S. manufacturing purchasing managers' index recorded 52 points in September, down from 53 a month prior and indicating a weaker rate of expansion of the manufacturing sector. A rea...

feed-grains soy-oilseeds wheat

Market Commentary: Limping Home After a Dreary Week

Friday involved relatively lower volume and modest price changes as new inputs remain limited. And it wasn’t really due to the lack of USDA reports due to the shutdown since they may not have involved anything market moving. Harvest is progressing, competitors have ample supplies, and buy...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.19/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.1525/bushel, up $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.18/bushel, down $0.0575 from yesterday's close.  Dec 25 Soymeal closed at $278.6/short ton, down $0.7...

Competing Manufacturing Data

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feed-grains soy-oilseeds wheat

Recent Market Volatility Increases Futures Mispricing

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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