World Perspectives
feed-grains

Technical Views - Post-Report Adjustments

SPREADS Dec crush trades higher to 1.11c/bu, which will incentivize crushers to do all they can.  Oilshare trades higher to 47.0%.  Dec/March corn trades from 7 1/4c to 8 1/4c while Dec 21/22 trades from 13 1/4c down to 11 1/4c.  Nov/Jan bean carry trades from 9 1/2c to 10c. Nov 21/22 trades from 13 1/2c to 8 3/4c inverse.  Dec wheat/corn trades from 1.88c to 1.96c.  Dec/March wheat trades from 10c to 11c carry. PALM OIL Dec down 98 ringgits ending at 4,497 ringgit/mt.  SGS forecast exports for palm in Sep at 1.705 mmt, up 43% from August of 1.191 mmt. Palm oil exports were 34% higher in Sep vs. month ago, according to data from AmSpec Agri.   NEWS Stocks are 120 pts higher with crude at $74.23/b...

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The CBOT was mostly in the red on Monday, though the weaker trade was primarily from bulls taking a breather after last week’s dramatic rally. After the recent surge in corn, the soy complex, and to a lesser extent wheat futures, the markets were overextended and due for a down day. That...

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May 25 Corn closed at $4.85/bushel, down $0.0525 from yesterday's close.  May 25 Wheat closed at $5.475/bushel, down $0.0825 from yesterday's close.  May 25 Soybeans closed at $10.4175/bushel, down $0.01 from yesterday's close.  May 25 Soymeal closed at $297.1/short ton, down $2...

Extreme is Necessary

While most economists and mainstream media outlets are criticizing the Trump tariff war, none are professing that free trade is fair. To quote Bloomberg’s Tyler Cowen, the world trading order is “weighted against the exporting interests of the U.S.” Moreover, it is growing wor...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Bulls Take a Breather, Livestock Futures Rally on Meat Demand

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May 25 Corn closed at $4.85/bushel, down $0.0525 from yesterday's close.  May 25 Wheat closed at $5.475/bushel, down $0.0825 from yesterday's close.  May 25 Soybeans closed at $10.4175/bushel, down $0.01 from yesterday's close.  May 25 Soymeal closed at $297.1/short ton, down $2...

Extreme is Necessary

While most economists and mainstream media outlets are criticizing the Trump tariff war, none are professing that free trade is fair. To quote Bloomberg’s Tyler Cowen, the world trading order is “weighted against the exporting interests of the U.S.” Moreover, it is growing wor...

EU and China on EV Tariffs

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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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