World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: The Bear that Ate the Corn Market

The WASDE was undeniably bearish with December corn and November soybean futures reaching new contract lows (actually, soybeans hit the low before and after the WASDE’s release), while wheat futures were down double-digits in response to the latest news. The headline numbers cratering the markets were record-breaking U.S. corn and soybean yields and month-over-month production ending stocks/use increases. Outside the U.S., across-the-board increases in world ending stocks from the August WASDE pressured markets. Wall Street is higher as of this writing with the Dow and S&P 500 indexes up fractionally and the U.S. Dollar Index up 5 points. Rumors that the U.S. and China could be resuming trade talks briefly boosted the markets...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.72/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.625/bushel, up $0.1125 from yesterday's close.  May 25 Soybeans closed at $10.14/bushel, down $0.11 from yesterday's close.  May 25 Soymeal closed at $302.3/short ton, down $2.1 from...

feed-grains soy-oilseeds wheat

Market Commentary: Retaliatory Tariffs and Pre-WASDE Positioning Drive CBOT

Pre-WASDE positioning and reactions to various tariffs and retaliatory tariffs drove much of the market’s action on Monday. The big news was China’s retaliatory tariffs against Canadian rapeseed oil, rapeseed meal, and peas, which will be levied at 100 percent of product value. That...

New Canadian Prime Minister Selected

Last night, Canada selected a new prime minister-elect, as Justin Trudeau's reign, since November 2015, comes to a close amid a trade war with the U.S. On 6 January, Trudeau announced his resignation, opening up his seat. In the meantime, Canada's Liberal Party announced that Mark Carney was ch...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.72/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.625/bushel, up $0.1125 from yesterday's close.  May 25 Soybeans closed at $10.14/bushel, down $0.11 from yesterday's close.  May 25 Soymeal closed at $302.3/short ton, down $2.1 from...

feed-grains soy-oilseeds wheat

Market Commentary: Retaliatory Tariffs and Pre-WASDE Positioning Drive CBOT

Pre-WASDE positioning and reactions to various tariffs and retaliatory tariffs drove much of the market’s action on Monday. The big news was China’s retaliatory tariffs against Canadian rapeseed oil, rapeseed meal, and peas, which will be levied at 100 percent of product value. That...

New Canadian Prime Minister Selected

Last night, Canada selected a new prime minister-elect, as Justin Trudeau's reign, since November 2015, comes to a close amid a trade war with the U.S. On 6 January, Trudeau announced his resignation, opening up his seat. In the meantime, Canada's Liberal Party announced that Mark Carney was ch...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Wheat  In February, rainfall in Argentina’s core agricultural region averaged 222 mm, nearly double the 30-year historical average for the month, which ranges from 100–140 mm from west to east. March began with a similar trend, bringing heavy rains across the country, particula...

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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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