World Perspectives
feed-grains soy-oilseeds wheat

Less Bad Situation

As pointed out by WPI contributor Jody Lefcourt, this is only the third time since the year 2000 that corn has been below $3.30/bushel. But agricultural commodity prices have thus far only fallen modestly relative to the scale of the current global disease and economic crisis. Moreover, overall food demand is unlikely to fall, and may actually increase (see COVID Analogies and Outlook). In a solid analysis by AgriCensus, it is noted that the larger contributor to the large agricultural commodity price drop during the Great Recession was the petroleum market rather than the larger economy. From that standpoint, it is the fall in demand for ethanol and biodiesel plus negative returns to distillers that is imposing downward price pressure.&nb...

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feed-grains soy-oilseeds wheat

Market Commentary: Some Bouncing Off the Week’s Lows

Except for soyoil and SRW, the market provided a rebound today for the agricultural commodity markets. Most contracts reflected their overnight closes. Key points for today and the week include the following: New contract lows were printed this week in soybeans, soyoil, SRW, and HRS.  Only...

livestock

December Cattle on Feed Report in Line with Expectations

USDA released the monthly Cattle on Feed report today. The total cattle on feed inventory was 12 million head, the same as last year, as expected. Placements also were as expected, and marketings were slightly above November 2023.  12202024dj.png 22.92 KBNovember marketings as a percent of...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.4625/bushel, up $0.055 from yesterday's close. Mar 25 Wheat closed at $5.33/bushel, up $0 from yesterday's close. Jan 25 Soybeans closed at $9.745/bushel, up $0.115 from yesterday's close. Mar 25 Soymeal closed at $302.2/short ton, up $11.2 from yesterday...

feed-grains soy-oilseeds wheat

Market Commentary: Some Bouncing Off the Week’s Lows

Except for soyoil and SRW, the market provided a rebound today for the agricultural commodity markets. Most contracts reflected their overnight closes. Key points for today and the week include the following: New contract lows were printed this week in soybeans, soyoil, SRW, and HRS.  Only...

livestock

December Cattle on Feed Report in Line with Expectations

USDA released the monthly Cattle on Feed report today. The total cattle on feed inventory was 12 million head, the same as last year, as expected. Placements also were as expected, and marketings were slightly above November 2023.  12202024dj.png 22.92 KBNovember marketings as a percent of...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.4625/bushel, up $0.055 from yesterday's close. Mar 25 Wheat closed at $5.33/bushel, up $0 from yesterday's close. Jan 25 Soybeans closed at $9.745/bushel, up $0.115 from yesterday's close. Mar 25 Soymeal closed at $302.2/short ton, up $11.2 from yesterday...

FOB Prices and Freight Rates App (Updated 20 December)

Ocean Freight Comments - 20 December 2024By Matt HerringtonFreight markets – particularly the dry bulk sector - continue to see thin trade that is leaving rates in the doldrums. Demand and fresh inquiries remain light with vessel overcapacity further depressing rates. Vessel owners are continua...

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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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