World Perspectives

Geopolitics Rule; Absence Notable; Frontline Agriculture

Geopolitics Rule During the Cold War, U.S. military planners trumped efforts by American agriculture to challenge the trade distorting effects of the EU’s Common Agricultural Policy (CAP). American farmers were told that the CAP is the glue that holds Europe together, and a divided Europe benefited the pinko-commie Soviet Union. Now geopolitics are trumping the effort to green up the CAP. Russia’s war on Ukraine and a global commodity price spike have pitted food security against the “nature restoration” effort of the F2F with its cut in chemicals and increases in organic and fallow land. Opponents argue that delaying Green Deal measures “is short-sighted, misleading, and even self-destructive.” They rec...

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Market Commentary: Corn Leads Grains Lower on Fund Selling; Cattle Hit New Highs Again

Except for the cattle markets, the CBOT was sharply lower to start the week with trade policy, favorable weather, and weak technicals and large noncommercial short positions weighing on market sentiment. Cattle futures managed to rise to new all-time highs after last week’s record-breakin...

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Jul 25 Corn closed at $4.5425/bushel, down $0.1475 from yesterday's close.  Jul 25 Wheat closed at $5.3125/bushel, down $0.1175 from yesterday's close.  Jul 25 Soybeans closed at $10.455/bushel, down $0.125 from yesterday's close.  Jul 25 Soymeal closed at $295.5/short ton, down...

Trade Policy Contradictions

There are numerous trade policy contradictions, both between the U.S. and other countries, and within U.S. politics. Internationally, China worries about its import dependence for oil and food, investing heavily in alternative energy and domestic food production while encouraging livestock prod...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Leads Grains Lower on Fund Selling; Cattle Hit New Highs Again

Except for the cattle markets, the CBOT was sharply lower to start the week with trade policy, favorable weather, and weak technicals and large noncommercial short positions weighing on market sentiment. Cattle futures managed to rise to new all-time highs after last week’s record-breakin...

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Summary of Futures

Jul 25 Corn closed at $4.5425/bushel, down $0.1475 from yesterday's close.  Jul 25 Wheat closed at $5.3125/bushel, down $0.1175 from yesterday's close.  Jul 25 Soybeans closed at $10.455/bushel, down $0.125 from yesterday's close.  Jul 25 Soymeal closed at $295.5/short ton, down...

Trade Policy Contradictions

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FDA Approves PRRS Resistant Pigs

After years of research and a lengthy regulatory approval process, Genus Pig Improvement Company (PIC) has received clearance from the U.S. Food and Drug Administration (FDA) for the gene edited PRRS-resistant pig (PRP) to be used in the U.S. food supply chain. Genus executives note this is a s...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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