World Perspectives

No China ASF Visit; Where Not What; KORUS Environmental Consultations

No China ASF Visit Wall Street and Chicago headed lower after President Trump signaled that trade negotiations with China were not proceeding as hoped. He basically said China purchasing agricultural commodities is not enough, that he wants a complete deal and he doesn’t need it before the 2020 election. The reaction was somewhat muted because as Jody Lefcourt pointed out in today’s Technical Perspectives report, traders do not trust rallies based on trade policy optimism.  Chinese agriculture officials scheduled to visit U.S. farm states as a sign of goodwill promptly cancelled the trip and went back home. This was probably fine with some in the trade who joked that farm officials from ASF-infected China should probably...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 4-10, 2025.  Wheat: Net sales of 76,500 metric tons (MT) for 2024/2025 were down 29 percent from the previous week, but up 2 percent from the prior 4-week average. Export shipments of 483,500 MT were up 43 percent from the previous week and 11 percent f...

livestock

Cattle on Feed - April 2025

U.S. cattle on Feed totaled totaled 11.6 million head on April 1, 2025 - 2 percent below April 1, 2024.  Placements in feedlots during March totaled 1.84 million head, 5 percent above 2024.  Marketings of fed cattle during March totaled 1.73 million head, 1 percent above 2024.  O...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.8225/bushel, down $0.02 from yesterday's close.  May 25 Wheat closed at $5.4875/bushel, up $0.01 from yesterday's close.  May 25 Soybeans closed at $10.365/bushel, down $0.0225 from yesterday's close.  May 25 Soymeal closed at $295.6/short ton, down $1.1...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 4-10, 2025.  Wheat: Net sales of 76,500 metric tons (MT) for 2024/2025 were down 29 percent from the previous week, but up 2 percent from the prior 4-week average. Export shipments of 483,500 MT were up 43 percent from the previous week and 11 percent f...

livestock

Cattle on Feed - April 2025

U.S. cattle on Feed totaled totaled 11.6 million head on April 1, 2025 - 2 percent below April 1, 2024.  Placements in feedlots during March totaled 1.84 million head, 5 percent above 2024.  Marketings of fed cattle during March totaled 1.73 million head, 1 percent above 2024.  O...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.8225/bushel, down $0.02 from yesterday's close.  May 25 Wheat closed at $5.4875/bushel, up $0.01 from yesterday's close.  May 25 Soybeans closed at $10.365/bushel, down $0.0225 from yesterday's close.  May 25 Soymeal closed at $295.6/short ton, down $1.1...

feed-grains soy-oilseeds wheat

Pre-Holiday Low Volume with Mixed Outcomes

There might be more life on the planet K2-18b than was seen in some of the trading pits today. While some contracts closed higher and others lower, the one consistent thing was lower pre-holiday volume across grains and oilseeds.  Ahead of a three-day market hiatus, all major contracts clo...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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