World Perspectives
feed-grains

WASDE Corn

USDA’s estimate for 2023/24 U.S. corn is for higher ending stocks.  The corn crop is projected at a record 15.3 billion bushels, up more than 10 percent from last year on increases to both area and yield.  The yield projection of 181.5 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather. The season-average farm price is projected at $4.80 per bushel, down $1.80 from 2022/23. U.S. corn exports for 2023/24 are forecast to rise 325 million bushels to 2.1 billion. Despite a rebound in U.S. exports, Brazil is forecast to be the world’s largest exporter of corn for the second consecutive year.  Exports for Ukraine are projected to decline based on lo...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn Falls, Soyoil Rallies on Trump Tariff Plans; Hogs Hit New Highs

News from Washington continued to be the primary driver of CBOT price action again on Tuesday, with most of the day’s action coming from plans for new import tariffs from President-elect Trump. The other news from Washington is the USDA APHIS’ ban on live cattle imports from Mexico, due to the...

Channeling Hamilton; Gastronationalism Gone Awry; Science Reverts to Nonpartisan; Black Friday Deals

Channeling HamiltonAlexander Hamilton, the first U.S. Secretary of the Treasury, encouraged the Tariff Act of 1789, the Tariff Act of 1790, and the Tariff Act of 1792. He used tariffs to fund the government and protect domestic industries from British exports. President-elect Trump has pledged...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2/bushel, down $0.0475 from yesterday's close. Mar 25 Wheat closed at $5.58/bushel, up $0.0225 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, down $0.0225 from yesterday's close. Jan 25 Soymeal closed at $291.4/short ton, down $4.5 from...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Falls, Soyoil Rallies on Trump Tariff Plans; Hogs Hit New Highs

News from Washington continued to be the primary driver of CBOT price action again on Tuesday, with most of the day’s action coming from plans for new import tariffs from President-elect Trump. The other news from Washington is the USDA APHIS’ ban on live cattle imports from Mexico, due to the...

Channeling Hamilton; Gastronationalism Gone Awry; Science Reverts to Nonpartisan; Black Friday Deals

Channeling HamiltonAlexander Hamilton, the first U.S. Secretary of the Treasury, encouraged the Tariff Act of 1789, the Tariff Act of 1790, and the Tariff Act of 1792. He used tariffs to fund the government and protect domestic industries from British exports. President-elect Trump has pledged...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.2/bushel, down $0.0475 from yesterday's close. Mar 25 Wheat closed at $5.58/bushel, up $0.0225 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, down $0.0225 from yesterday's close. Jan 25 Soymeal closed at $291.4/short ton, down $4.5 from...

energy

Energy Outlook

The U.S. Energy Information Administration (EIA) released its short-term energy outlook (STEO) earlier this month, with outlooks for crude oil, natural gas, and propane. The price outlook is for lower crude prices, higher for natural gas, and flat for propane in the Midwest, and slightly lower...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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