World Perspectives

Trade Agreements Challenged; No Non-reciprocals; Miniature Meat Plant

Trade Agreements Challenged The 9 July deadline for countries to reach individual trade agreements with the U.S. is fast approaching and while the Trump Administration says negotiations are progressing, there are some high hurdles. Protectionists from India to Europe are pressuring their policymakers to not cave to the United States. Special interest groups from the areas that currently cause an imbalance in the terms of trade including agriculture, technology, intellectual property rights and regulatory standards are demanding that there be no sacrifices. They contend that reducing barriers is not fair and balanced.  Japanese Prime Minister Shigeru Ishiba is signaling he is not in a rush to concede to the Americans ahead of Upper Hous...

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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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Summary of Futures

Jul 25 Corn closed at $4.1625/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.52/bushel, down $0.175 from yesterday's close.  Jul 25 Soybeans closed at $10.4675/bushel, down $0.12 from yesterday's close.  Jul 25 Soymeal closed at $280.5/short ton, down $1.9...

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Hogs and Pigs Report Preview

USDA will release its quarterly Hogs and Pigs report tomorrow. The pre-report estimate is as follows: The pigs per litter for March through May is forecast at 101.3 percent of last year, with a range of 100.9 to 102.3 percent. The pig crop is expected at a one percent increase, that aligns wit...

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,...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.1625/bushel, down $0.03 from yesterday's close.  Sep 25 Wheat closed at $5.52/bushel, down $0.175 from yesterday's close.  Jul 25 Soybeans closed at $10.4675/bushel, down $0.12 from yesterday's close.  Jul 25 Soymeal closed at $280.5/short ton, down $1.9...

livestock

Hogs and Pigs Report Preview

USDA will release its quarterly Hogs and Pigs report tomorrow. The pre-report estimate is as follows: The pigs per litter for March through May is forecast at 101.3 percent of last year, with a range of 100.9 to 102.3 percent. The pig crop is expected at a one percent increase, that aligns wit...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The attached PDF offers graphical depiction and seasonal analysis of managed money and commercial traders' net position in key agricultural commodity markets. The data is, of course, taken from the CFTC's weekly Commitment of Traders report, using the futures only data. WPI recently completed a...

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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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