World Perspectives
feed-grains biofuel

Bullish Ethanol Production

USDA released the September Grain Crushings report today; total corn use for fuel alcohol was down 2 percent from August, but up 1 percent from September 2020, starting the marketing year off in the right direction. Moreover, ethanol production for the week ending 22 October hit 1.106 million barrels per day, its highest level since the record weekly output of the last week in November 2017. That follows a strong two prior two weeks of production over 1 million barrels per day, the first sustained 1 million barrels per day production level since the last week of July. Ethanol production in October, based on data from the first three weeks, could be an estimated 15 percent higher month over month.  If normal patterns of monthly p...

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feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Strong Dollar; Cattle Surge on Inventory Numbers

The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of February. Also pressuring grain futures was an improved forecast for Argentina, a surge in the U.S. dollar, and sharply lower energy markets. Th...

India’s Catbird Seat; Targeting Cuba; Good and Bad GMOs

India’s Catbird Seat China is a state-run economy with formidable output, utilizing abundant, lower-cost labor. India is a democracy with a massive low-cost labor pool and countless restrictions on imports. The EU and now the U.S. have completed very different trade agreements with India,...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close.  Mar 26 Soybeans closed at $10.6025/bushel, down $0.04 from yesterday's close.  Mar 26 Soymeal closed at $294.5/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather, Strong Dollar; Cattle Surge on Inventory Numbers

The CBOT turned lower to start the week with some of the profit-taking that defined Friday’s end-of-month trade continuing into the first day of February. Also pressuring grain futures was an improved forecast for Argentina, a surge in the U.S. dollar, and sharply lower energy markets. Th...

India’s Catbird Seat; Targeting Cuba; Good and Bad GMOs

India’s Catbird Seat China is a state-run economy with formidable output, utilizing abundant, lower-cost labor. India is a democracy with a massive low-cost labor pool and countless restrictions on imports. The EU and now the U.S. have completed very different trade agreements with India,...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.025 from yesterday's close.  Mar 26 Wheat closed at $5.2775/bushel, down $0.1025 from yesterday's close.  Mar 26 Soybeans closed at $10.6025/bushel, down $0.04 from yesterday's close.  Mar 26 Soymeal closed at $294.5/short ton, up $0...

livestock

Meat Producer Price Index

Wholesale meat prices fell across the board in December, seasonally adjusted, according to Producer Price Index (PPI) data released Friday by the Bureau of Labor Statistics. The overall PPI for final demand, which measures the end stage of production, rose 0.5 percent last month, driven by high...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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