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feed-grains soy-oilseeds wheat

Market Commentary

Markets opened with sharp losses overnight following President Trump’s weekend tweet that he will increase tariffs against China from the current 10 percent to 25 percent by Friday. This suddenly changed the China trade agreement discussion from what most had believed was a done deal to perhaps no deal at all. Funds are still holding record-large short positions in grain and oilseed futures. The weekend news added more courage to the short trade. It also made those who have been picking bottoms decide that wasn’t a good idea either. Trading volume in corn and soybean futures was big overnight and then wildly big today. However, the volume today in wheat futures was average. Most analysts had been expecting weather forecasts wou...

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feed-grains soy-oilseeds wheat

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Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is reportedly late in payment on a number of Ukraine wheat vessels – six that have been unloaded and two in Egyptian ports. The total value is said to be in excess of $30 million. The shipper says that there has been s...

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Missed Opportunity President Trump shut down trade negotiations and said he would add 10 percent more tariffs on Canadian goods in retaliation for a pro-free trade advertisement in Ontario. Ontario Premier Doug Ford is bragging that the ad was effective and chortles over the ad getting under Tr...

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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...

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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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