World Perspectives

Trade Abusers; Working Class Appeals; Healthy Elites

Trade AbusersThe West blames China for over-production but the global narrative is that China has embraced global trade and it is the U.S. that has become isolationist. This framing is disputed by Stewart Paterson at the Singapore-based Hinrich Foundation. He notes that trade flows show the opposite. America has played an outsized role as an importer and despite Trump I tariffs and those retained by Biden, the nation’s trade deficit has only grown larger, especially when contrasted with China. Meanwhile, Beijing’s “import preferences steadily narrowed and its propensity to import fell as it focused trade policy on stockpiling critical commodities, client supplier-countries, and an emphasis on self-reliance.” China’s propensity to import as...

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Market Commentary: Good Weather is Bad for Bulls

The CBOT was sharply lower at mid-week with favorable weather for the U.S. 2025 spring crops and weaker global grain markets exacting a heavy toll. Notable among the day’s moves were the new contract lows in corn and soymeal and soybeans’ move back below the prices they traded just...

Ignoring Margins; Trump Tariff Win

Ignoring Margins The U.S. Senate’s Subcommittee on Antitrust, Competition Policy, and Consumer Rights held a hearing yesterday on, Reducing Regulatory Burdens to Unlock Innovation and Spur New Entry and the meat packing industry was front and center. UC-Berkely Senior Fellow Doha Mekki co...

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Summary of Futures

Jul 25 Corn closed at $4.1025/bushel, down $0.06 from yesterday's close.  Sep 25 Wheat closed at $5.445/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.2525/bushel, down $0.215 from yesterday's close.  Jul 25 Soymeal closed at $276/short ton, down $4.5...

feed-grains soy-oilseeds wheat

Market Commentary: Good Weather is Bad for Bulls

The CBOT was sharply lower at mid-week with favorable weather for the U.S. 2025 spring crops and weaker global grain markets exacting a heavy toll. Notable among the day’s moves were the new contract lows in corn and soymeal and soybeans’ move back below the prices they traded just...

Ignoring Margins; Trump Tariff Win

Ignoring Margins The U.S. Senate’s Subcommittee on Antitrust, Competition Policy, and Consumer Rights held a hearing yesterday on, Reducing Regulatory Burdens to Unlock Innovation and Spur New Entry and the meat packing industry was front and center. UC-Berkely Senior Fellow Doha Mekki co...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.1025/bushel, down $0.06 from yesterday's close.  Sep 25 Wheat closed at $5.445/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.2525/bushel, down $0.215 from yesterday's close.  Jul 25 Soymeal closed at $276/short ton, down $4.5...

feed-grains soy-oilseeds wheat

Market Commentary: Grains, Oil Fall on Risk-off Trade after Middle East Ceasefire

The biggest drive of the CBOT’s Tuesday trade had little to do with grain markets themselves and, rather, was primarily focused on risk and positioning dynamics following the apparent Israel-Iran ceasefire agreement. While both sides have apparently agreed to some sort of ceasefire deal,...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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