World Perspectives
livestock

Impossible Burgers and Change

Environmentalists and climate warriors have long targeted agriculture, particularly intensive animal agriculture, as a prime source of greenhouse gases and global warming. And as the largest agricultural producer, the U.S. has been the bullseye of their target. It is estimated that agriculture produces about 9 percent of U.S. greenhouse gases with a third of that coming from the gas, which contains methane, passed by cattle. The cattle business and feedlots have been singled out by environmentalists as an important source of climate change. They argue that if cattle production (with its flatulence) could be eliminated in the U.S. and in other countries where it is a major sector, this would have a greater beneficial impact than the Paris Cl...

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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

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

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

Recent Market Volatility Increases Futures Mispricing

Following the recent shocks to the grain markets – the Grain Stocks report data and news that soybeans will be on the negotiating table when Presidents Trump and Xi meet next – many are wondering what happens next as far as commodity pricing goes. WPI certainly doesn’t have a...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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