World Perspectives

Trade War Dynamics

First quarter global merchandise trade accelerated faster than expected as everyone expedited purchases ahead of tariffs and potential slowing of import demand. These market exchanges have likely remained accelerated ahead of the now 1 August tariff deadline, but increased costs were apparent in today’s CPI report for June. However, the uptick in inflation was too small to sidetrack Mr. Trump’s plan.  The President announced a trade deal with Indonesia that sounds largely lopsided in favor of the U.S., and there are rumors of an impending deal with India. The two hard to crack nuts are the EU and Japan. Brussels has been holding on retaliation but now faults Washington for resisting a deal. The White House believes Europe c...

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Summary of Futures

Mar 26 Corn closed at $4.4725/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.4025/bushel, up $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.195/bushel, up $0.0375 from yesterday's close.  Jan 26 Soymeal closed at $311.2/short ton, down $0.1 fr...

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Summary of Futures

Mar 26 Corn closed at $4.4725/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.4025/bushel, up $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.195/bushel, up $0.0375 from yesterday's close.  Jan 26 Soymeal closed at $311.2/short ton, down $0.1 fr...

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Market Commentary: CBOT Ends Lower as Slow Export News Overrides Black Sea Tensions

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From WPI Consulting

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