World Perspectives

Political Sillies

No Introspection: Joe Biden’s farewell address appears to have been written by a 25-year-old at the socialist leaning People’s Policy Project. He claims historic success but warns the country will become an oligarchic dystopia. He warned about a “dangerous concentration of power” amidst “very few ultra-wealthy people.” He seems to ignore that the rich gained $1.5 trillion in new wealth during his Administration and he did not raise taxes on them, nor did he raise the minimum wage. Moreover, he just awarded the Presidential Medal of Freedom to billionaires like George Soros and Carlysle Group founder David Rubenstein. He used terms like the “tech industrial complex” because corporate America, which did his bidding for the past four year...

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Market Commentary: Mixed Volume, Mixed Outcomes

Agricultural futures were mixed today with generally higher volume except in soybeans and corn. Traders were cautious not to get out ahead of their skis given the historical propensity for USDA’s January WASDE report to contain curve balls (see below). New sales of soybeans to China made...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.46/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0 from yesterday's close.  Mar 26 Soybeans closed at $10.6125/bushel, down $0.0575 from yesterday's close.  Mar 26 Soymeal closed at $303.6/short ton, down $1.8 from...

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Livestock Round Up: 2025 Dietary Guidelines, Meat is Back

The USDA and the Department of Health and Human Services (HHS) recently released the 2025 Dietary Guidelines for Americans (DGA). The headline developments were a direct reversal of the 2015 guidelines, which were the first to not include a recommendation to consume meat based in part on sustai...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Volume, Mixed Outcomes

Agricultural futures were mixed today with generally higher volume except in soybeans and corn. Traders were cautious not to get out ahead of their skis given the historical propensity for USDA’s January WASDE report to contain curve balls (see below). New sales of soybeans to China made...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.46/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0 from yesterday's close.  Mar 26 Soybeans closed at $10.6125/bushel, down $0.0575 from yesterday's close.  Mar 26 Soymeal closed at $303.6/short ton, down $1.8 from...

livestock

Livestock Round Up: 2025 Dietary Guidelines, Meat is Back

The USDA and the Department of Health and Human Services (HHS) recently released the 2025 Dietary Guidelines for Americans (DGA). The headline developments were a direct reversal of the 2015 guidelines, which were the first to not include a recommendation to consume meat based in part on sustai...

soy-oilseeds

Oilseed Highlights: Oilseed Demand Slumps while Vegoils Rise

The Market  With just two days left before the January WASDE, the soy complex is trading above week-ago levels, but that fact belies the weakness that has enveloped the market since late November. Skepticism over China’s long-term commitment to U.S. soybean purchases – especial...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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