World Perspectives

Indo-Pacific Economic Framework: Trade Rules without Trade Access

On his trip to Asia, President Biden announced the Indo-Pacific Economic Framework (IPEF) for Prosperity, along with 12 countries in the region. The plan is structured to 1) establish rules governing trade in digital goods and services, 2) create commitments regarding supply chain to eliminate bottlenecks and develop early warning systems so problems can be identified before they occur, 3) establish pledges among participating countries to clean energy and decarbonization, and 4) end tax havens and corruption.  For the past year-and-a-half, there has been a lot of speculation, educated guessing, and lobbying on the Biden trade strategy. Bilateral agreements, a priority of the Trump Administration, have largely been shelved – as...

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Market Commentary: The Soybean Breakdown

The country song Oklahoma Breakdown (originally written by Mike Hosty, subsequently popularized by red dirt country artist Stony LaRue, then eventually covered by Toby Keith who, in this analyst’s opinion, ruined it) contains the line “That Oklahoma Breakdown sure do got you cryin’” – a stateme...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.3725/bushel, down $0.0625 from yesterday's close. Mar 25 Wheat closed at $5.4125/bushel, down $0.0375 from yesterday's close. Jan 25 Soybeans closed at $9.5175/bushel, down $0.25 from yesterday's close. Jan 25 Soymeal closed at $279.5/short ton, down $7.7...

FOB Prices and Freight Rates App (Updated 18 December)

Ocean Freight Comments - 13 December 2024By Matt HerringtonDry bulk freight markets are in the middle of the holiday-season slowdown with thin and very quiet trade characterizing what little market activity is present. The peak demand period from the North American grain harvest has now past bu...

feed-grains soy-oilseeds wheat

Market Commentary: The Soybean Breakdown

The country song Oklahoma Breakdown (originally written by Mike Hosty, subsequently popularized by red dirt country artist Stony LaRue, then eventually covered by Toby Keith who, in this analyst’s opinion, ruined it) contains the line “That Oklahoma Breakdown sure do got you cryin’” – a stateme...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.3725/bushel, down $0.0625 from yesterday's close. Mar 25 Wheat closed at $5.4125/bushel, down $0.0375 from yesterday's close. Jan 25 Soybeans closed at $9.5175/bushel, down $0.25 from yesterday's close. Jan 25 Soymeal closed at $279.5/short ton, down $7.7...

FOB Prices and Freight Rates App (Updated 18 December)

Ocean Freight Comments - 13 December 2024By Matt HerringtonDry bulk freight markets are in the middle of the holiday-season slowdown with thin and very quiet trade characterizing what little market activity is present. The peak demand period from the North American grain harvest has now past bu...

feed-grains soy-oilseeds wheat

Market Commentary: New Contract Lows for Soybeans; Soyoil Makes Bear Move; Feeder Cattle Post Turnaround Tuesday

Bears were in full control of the CBOT on Tuesday with soybeans hitting new contract lows, soyoil posting a bearish breakout from technical formations, and wheat flirting with contract lows. Not even the news of fresh export sales of corn to Mexico and soybeans to unknown destinations and Spain...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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