World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Ag commodities started the day higher with corn leading the way on a short covering rally. Positioning ahead of the WASDE was the name of the game today with many traders straddling/strangling the market in expectation of volatility in either direction. Trading volumes were slightly below average, and, except for soybeans, the markets traded either side of unchanged with notable uncertainty. The weekend weather looks broadly favorable with precipitation across the bulk of the Corn Belt and modest temperatures. Beyond that, however, the forecast turns warmer and drier in the six-10 and eight-14-day forecasts. Notably, the beleaguered eastern Corn Belt is forecast to be drier than normal beyond next week. Outside markets are mixed heading i...

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livestock

Livestock Industry Margins

Beef packer margins snapped a six-week string of losses and gained $73/head last week due to gains in beef prices and weaker fed cattle prices. Margis were still very weak by historical records (-$143/head) but at least started to trend in the right direction. Beef values are holding steady hea...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Surge on China Framework, Trade Deals; Cattle Bull Market Is Over

Trade agreements were the story of the day as the U.S. reached deals with Malaysia, Cambodia, Thailand, and Vietnam and a framework for a U.S.-China agreement that could result in “substantial” purchases of U.S. soybeans. The latter statement came from U.S. Treasury Secretary Bessen...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, up $0.055 from yesterday's close.  Dec 25 Wheat closed at $5.26/bushel, up $0.135 from yesterday's close.  Nov 25 Soybeans closed at $10.6725/bushel, up $0.255 from yesterday's close.  Dec 25 Soymeal closed at $298.2/short ton, up $4.1 from y...

livestock

Livestock Industry Margins

Beef packer margins snapped a six-week string of losses and gained $73/head last week due to gains in beef prices and weaker fed cattle prices. Margis were still very weak by historical records (-$143/head) but at least started to trend in the right direction. Beef values are holding steady hea...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Surge on China Framework, Trade Deals; Cattle Bull Market Is Over

Trade agreements were the story of the day as the U.S. reached deals with Malaysia, Cambodia, Thailand, and Vietnam and a framework for a U.S.-China agreement that could result in “substantial” purchases of U.S. soybeans. The latter statement came from U.S. Treasury Secretary Bessen...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2875/bushel, up $0.055 from yesterday's close.  Dec 25 Wheat closed at $5.26/bushel, up $0.135 from yesterday's close.  Nov 25 Soybeans closed at $10.6725/bushel, up $0.255 from yesterday's close.  Dec 25 Soymeal closed at $298.2/short ton, up $4.1 from y...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat The wheat harvest is gaining momentum in northern Argentina, with yields exceeding expectations. In the northwest, yields range from 0.8–1.5 MT/ha, above the five-year regional average of 0.82 MT/ha. In the northeast, current averages near 2.7 MT/ha surpass the previous record from...

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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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