World Perspectives
livestock

Livestock Roundup: U.S. Canada Cattle Market

New trade disruptions, such as the 25 percent tariffs on Canadian feeder cattle, could possibly lead to more cattle being kept on pasture in Canada, which may lead to lower prices due to the retained, larger cattle population. Conversely, less beef being processed in the U.S. from Canadian cattle might result in higher U.S. beef prices than would normally have occurred. However, the potential for lower prices for Canadian cattle could be a disincentive for the Canadian cattle industry to stabilize or increase production. According to Kansas State University’s “Focus on Feedlots” monthly data, feed costs for steers and heifers have dropped from last year’s levels. The KSU data shows that average feeding costs are the...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Ends Lower as Slow Export News Overrides Black Sea Tensions

The CBOT was mostly lower at mid-week with the threat of Russian attacks on Ukrainian vessels and ag infrastructure taking a backseat to the lack of export news, particularly from China. Corn, wheat, and soybeans all settled in the red for the day with soybeans leading the downside move on anot...

Waste Energy; Selective Protectionism

Waste Energy The cudgel held over agriculture-based feedstocks has typically been indirect land use. The U.S. biofuel industry is currently battling with California regulators over its calculation. Works in Progress editor Samuel Hughes identifies land use restrictions as newly common across al...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.435/bushel, down $0.065 from yesterday's close.  Mar 26 Wheat closed at $5.3825/bushel, down $0.0275 from yesterday's close.  Jan 26 Soybeans closed at $11.1575/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $311.3/short ton, down $0...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Ends Lower as Slow Export News Overrides Black Sea Tensions

The CBOT was mostly lower at mid-week with the threat of Russian attacks on Ukrainian vessels and ag infrastructure taking a backseat to the lack of export news, particularly from China. Corn, wheat, and soybeans all settled in the red for the day with soybeans leading the downside move on anot...

Waste Energy; Selective Protectionism

Waste Energy The cudgel held over agriculture-based feedstocks has typically been indirect land use. The U.S. biofuel industry is currently battling with California regulators over its calculation. Works in Progress editor Samuel Hughes identifies land use restrictions as newly common across al...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.435/bushel, down $0.065 from yesterday's close.  Mar 26 Wheat closed at $5.3825/bushel, down $0.0275 from yesterday's close.  Jan 26 Soybeans closed at $11.1575/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $311.3/short ton, down $0...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 21 October. The data are, obviously, delayed due to the 40-day 2025 U.S. government shutdown. While the positions below likely have little influence on today's markets or fund positioning...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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