World Perspectives

COVID-19 Calculations; Trade Policy Shorts

COVID-19 Calculations Equities have now plunged two days in a row over the coronavirus, but commodities fought back today rather than overreact. The COVID-19 virus is said to have put Italy close to recession, though German businesses are said to still be positive. That is the problem with current risk calculations – the WHO says infections have plateaued in China and it is still not a global pandemic, but that one cannot be ruled out.  The economic impact is being felt. Treasury Secretary Steve Mnuchin says China will still meet its Phase One purchasing commitments, but Goldman Sachs cut U.S. Q1 growth to 1.2 percent and some analysts have cut China’s growth to 4.5 percent in Q1 and 5.4 percent for the year. Argentina sa...

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feed-grains soy-oilseeds wheat

Market Commentary: Today was Green but Headwinds for the Week

Corn, soymeal, live cattle and lean hogs all traded lower during the morning start but by the end of the day, only lean hogs ended lower. There were modest volumes being traded on Friday for most contracts, except feeder cattle where it was nearly double the five-day average.December soymeal hi...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for November 1-7, 2024. Wheat: Net sales of 380,100 metric tons (MT) for 2024/2025 were up 1 percent from the previous week, but down 17 percent from the prior 4-week average. Export shipments of 301,300 MT were up 27 percent from the previous week and 5 percent...

livestock

Cow-Calf Margins Steady in November, Herd Expansion Still Likely

Despite recent decreases in feeder cattle futures and rising feedstuff costs, estimated cow-calf producer margins are largely unchanged from WPI’s October estimate. The stable and positive financial environment means that producers are still facing strong financial incentives to expand the U.S...

feed-grains soy-oilseeds wheat

Market Commentary: Today was Green but Headwinds for the Week

Corn, soymeal, live cattle and lean hogs all traded lower during the morning start but by the end of the day, only lean hogs ended lower. There were modest volumes being traded on Friday for most contracts, except feeder cattle where it was nearly double the five-day average.December soymeal hi...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for November 1-7, 2024. Wheat: Net sales of 380,100 metric tons (MT) for 2024/2025 were up 1 percent from the previous week, but down 17 percent from the prior 4-week average. Export shipments of 301,300 MT were up 27 percent from the previous week and 5 percent...

livestock

Cow-Calf Margins Steady in November, Herd Expansion Still Likely

Despite recent decreases in feeder cattle futures and rising feedstuff costs, estimated cow-calf producer margins are largely unchanged from WPI’s October estimate. The stable and positive financial environment means that producers are still facing strong financial incentives to expand the U.S...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 24 Corn closed at $4.24/bushel, up $0.05 from yesterday's close. Dec 24 Wheat closed at $5.365/bushel, up $0.0625 from yesterday's close. Jan 25 Soybeans closed at $9.985/bushel, up $0.11 from yesterday's close. Dec 24 Soymeal closed at $289.6/short ton, up $2.6 from yesterda...

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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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