World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: RVOs Sink Soyoil; Funds Hasten Corn, Wheat Selling; Farm Income Rises

The impacts and implications of the EPA’s newest renewable fuel obligations continue to ripple through the CBOT markets. Soyoil futures sold off sharply again on Friday while the soybean market managed to squeeze out a small gain for the day. While the EPA mandates were essentially neutral corn (in this analyst’s opinion), corn futures broke lower and sank below technical support due to fund selling, weak basis and, of course, the dismal export pace. To some extent, wheat futures followed other markets lower for the day, though persistently weakening chart and technical conditions aren’t inspiring much confidence in a wheat market rally. Funds were net sellers for the day but were slight net buyers in soymeal, one of the f...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.07/bushel, down $0.0375 from yesterday's close.  Sep 25 Wheat closed at $5.1675/bushel, up $0 from yesterday's close.  Nov 25 Soybeans closed at $9.945/bushel, up $0.0525 from yesterday's close.  Dec 25 Soymeal closed at $285/short ton, up $4.5 from yeste...

feed-grains soy-oilseeds wheat

Market Commentary: Steady Eddie Back to Work

It was a contrast of a mostly higher day but with new contract lows for corn and all three wheats. Corn wilted from private forecasts of big yields, and expectations of good crop conditions in contrast with slowed export inspections.  It was mostly steady on the first day of a new week wit...

Politics of Tariffs; Tariffs as a Tax

Politics of Tariffs The U.S. Court of Appeals for the Federal Circuit in Washington heard legal arguments last week regarding Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to circumvent Congress’s power to levy tariffs. The reported reaction of the co...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.07/bushel, down $0.0375 from yesterday's close.  Sep 25 Wheat closed at $5.1675/bushel, up $0 from yesterday's close.  Nov 25 Soybeans closed at $9.945/bushel, up $0.0525 from yesterday's close.  Dec 25 Soymeal closed at $285/short ton, up $4.5 from yeste...

feed-grains soy-oilseeds wheat

Market Commentary: Steady Eddie Back to Work

It was a contrast of a mostly higher day but with new contract lows for corn and all three wheats. Corn wilted from private forecasts of big yields, and expectations of good crop conditions in contrast with slowed export inspections.  It was mostly steady on the first day of a new week wit...

Politics of Tariffs; Tariffs as a Tax

Politics of Tariffs The U.S. Court of Appeals for the Federal Circuit in Washington heard legal arguments last week regarding Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to circumvent Congress’s power to levy tariffs. The reported reaction of the co...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Weather Disrupts Argentine Corn Harvest  Heavy rains have compounded weeks of high humidity in Buenos Aires province, marking July as the wettest in the core region in 40 years. While the improved soil moisture will be beneficial for corn planting that’s set to begin in about a month...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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