World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Market Stalls Waiting for South American Weather Definition

There were modest volumes on this last trading day of the week, except in soymeal and cattle where the goal was to get out of the former and into the latter. There were new contract highs, again, in cattle. Overall weakness was blamed on Argentina’s announced lower tax rates on commodity exports as noted in this report yesterday. However, that is somewhat ephemeral relative to the total supply and demand impacts of weather (see below).  Overall, the big mover this week was the cattle market, and it still has room for increases. The March feeder cattle was 3.18 percent higher on the week.  The bottom line is that the dollar is overvalued, especially on an inflation-adjusted basis. Morgan Stanley reports that a ‘silent...

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Martin Luther King Jr. Holiday

U.S. financial markets will be closed in observance of Martin Luther King Jr. Day on Monday, 19 January. As a result, WPI’s offices will be closed, and no issue of Ag Perspectives will be published that day. Ag Perspectives will resume on Tuesday, 20 January...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebound from WASDE Lows

By today’s close, losses in soybeans and wheat were down to fractions but corn could not fight its way back from USDA’s surprise bigger supply numbers in Monday’s WASDE. Volumes were generally light on this last day of trading ahead of Monday’s MLK holiday. Only the catt...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2475/bushel, up $0.045 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.5775/bushel, up $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $290/short ton, up $0.8 from ye...

Martin Luther King Jr. Holiday

U.S. financial markets will be closed in observance of Martin Luther King Jr. Day on Monday, 19 January. As a result, WPI’s offices will be closed, and no issue of Ag Perspectives will be published that day. Ag Perspectives will resume on Tuesday, 20 January...

feed-grains soy-oilseeds wheat

Market Commentary: Some Rebound from WASDE Lows

By today’s close, losses in soybeans and wheat were down to fractions but corn could not fight its way back from USDA’s surprise bigger supply numbers in Monday’s WASDE. Volumes were generally light on this last day of trading ahead of Monday’s MLK holiday. Only the catt...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2475/bushel, up $0.045 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close.  Mar 26 Soybeans closed at $10.5775/bushel, up $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $290/short ton, up $0.8 from ye...

Government Funding Update: ICE Policy Risks

This past fall the U.S. government was shutdown for the longest period in history, with a temporary reprieve reached to re-open the government until the end of this month (30 January). Regardless of what happens, USDA was funded for the year under the compromise package, thus keeping the agency...

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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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