World Perspectives
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Market Commentary: CBOT Rallies on Weather, Short Covering; Monetary Policy Turns Bullish Commodities

The  CBOT jumped sharply higher to start the new week with wheat leading the move with overnight strength. Fund short covering drove much of the day’s gains, but dryness in Brazil and the Black Sea, along with some rain-induced U.S. harvest delays, offered some fundamental motivations as well. Soybean futures managed to score a bullish technical day on the charts while wheat and corn are still technically range-bound, though threatening to break that outlook this week.  Also supporting the commodity trade are the recent moves by central banks around the world. Recent interest rate cuts and liquidity injections are leading to “buy commodities” trade from funds and investors. Between the U.S. Federal Reserves&rsqu...

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Hypocritical on Process Standards; Buy America Bust; Politics of the Port Strike

Hypocritical on Process Standards EU Commission President Ursula von der Leyen will make a decision this week on implementation of the EU Deforestation Regulation. It is set to take effect at the start of 2025 but both internal and external forces want the measure delayed and modified. That inc...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.135/bushel, up $0.1175 from yesterday's close.  Dec 24 Wheat closed at $5.825/bushel, up $0.14 from yesterday's close.  Nov 24 Soybeans closed at $10.3925/bushel, up $0.2725 from yesterday's close.  Dec 24 Soymeal closed at $328.7/short ton, up $9.5 from...

Pending Port Strikes: U.S. East and Gulf Coasts and Vancouver Canada

With a pending 1 October strike deadline on the U.S. East and Gulf Coasts by the International Longshoreman’s Association (ILA), the U.S. Department of Labor has reached out to the U.S. Maritime Alliance (USMX), a group that represents employers of the East and Gulf Coasts longshore indus...

Hypocritical on Process Standards; Buy America Bust; Politics of the Port Strike

Hypocritical on Process Standards EU Commission President Ursula von der Leyen will make a decision this week on implementation of the EU Deforestation Regulation. It is set to take effect at the start of 2025 but both internal and external forces want the measure delayed and modified. That inc...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.135/bushel, up $0.1175 from yesterday's close.  Dec 24 Wheat closed at $5.825/bushel, up $0.14 from yesterday's close.  Nov 24 Soybeans closed at $10.3925/bushel, up $0.2725 from yesterday's close.  Dec 24 Soymeal closed at $328.7/short ton, up $9.5 from...

Pending Port Strikes: U.S. East and Gulf Coasts and Vancouver Canada

With a pending 1 October strike deadline on the U.S. East and Gulf Coasts by the International Longshoreman’s Association (ILA), the U.S. Department of Labor has reached out to the U.S. Maritime Alliance (USMX), a group that represents employers of the East and Gulf Coasts longshore indus...

livestock

Running Out of Protein

Europe ran out of energy when the Russian attack on Ukraine forced it to reduce imports from Russia. Europe lacks the ability to defend itself despite Russia’s threat on its eastern border. Now Europe is reducing its consumption of meat but failing to invest in meat alternatives that coul...

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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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