World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Only Pork Survives the WASDE Intact

The U.S. crop situation for 2024/25 was largely firmed up by today’s USDA October WASDE report. Net, net – there is a lot of grain available. Not enough for any precipitous drop in prices today, but only Lean Hogs managed to end the day higher.  Today’s report reinforced existing impressions, but its tweaks to the balance sheet reinforces the shift now to weather in South America. The key points from the October WASDE include the following: USDA raised U.S. corn yield and production more than expected, while lowering ending stocks by less than the average pre-report guess. The agency raised global old crop ending stocks and lowered new crop carryover, but the net effect was 4 MMT more world corn supplies than in pre...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day but a Hot CoF Report After the Close

The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all week is a matter of treading water until more definitive cues emerge. In fact, today was so mixed that soybeans and soyoil fell even as typi...

livestock

Cattle on Feed

USDA released the monthly Cattle on Feed report today. The total inventory in feedlots of 1,000 head or more capacity is 11.6 million head, 98 percent of last year.   Placements were 1.55 million head, 82 percent of last year, and marketings at 1.74 million head were 91 percent of Fe...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close.  May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close.  May 25 Soybeans closed at $10.0975/bushel, down $0.0325 from yesterday's close.  May 25 Soymeal closed at $300.3/short ton, up $3.2...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day but a Hot CoF Report After the Close

The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all week is a matter of treading water until more definitive cues emerge. In fact, today was so mixed that soybeans and soyoil fell even as typi...

livestock

Cattle on Feed

USDA released the monthly Cattle on Feed report today. The total inventory in feedlots of 1,000 head or more capacity is 11.6 million head, 98 percent of last year.   Placements were 1.55 million head, 82 percent of last year, and marketings at 1.74 million head were 91 percent of Fe...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close.  May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close.  May 25 Soybeans closed at $10.0975/bushel, down $0.0325 from yesterday's close.  May 25 Soymeal closed at $300.3/short ton, up $3.2...

livestock

Cow-Calf Revenues and Producer Responses to Inflation

Southern Plains cow-calf producers saw excellent profitability in 2024, which, by some measures, was the best in history. Current prices indicate that 2025 has similar potential to break profitability records and put the industry on solid financial footing. The impacts of inflation, however, in...

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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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