World Perspectives

Debt Leverage Volatility; Land Ownership Focus; Speculators in Detention

Debt Leverage Volatility Markets hate uncertainty but the upcoming hardball political play in Washington is as transparent as cellophane. Congressional Democrats are going to put $3.5 trillion worth of deficit spending and policy dreams into a legislative package that they hope to steamroll over Republicans using the budget reconciliation process. The only leverage Republicans hold to prevent such a massive change in government policy and spending is the need to legislatively raise the official sanctioned amount of debt held by taxpayers. Failing to raise the debt ceiling would place taxpayers in default and will be framed as reckless by the Democrats. Ultimately, the debt ceiling will be raised but in small increments over time so that it...

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Market Commentary: Corn and Beans Bravely Higher Ahead of the WASDE

The U.S. government reopened today and the data fog partially lifted in Washington. However, many economic reports will first require time to repopulate their databases. USDA made the decision to publish the November WASDE tomorrow ahead of the agreement to reopen the government and traders spe...

soy-oilseeds

Pre-WASDE Cash Market Soybean Signals

Writing about what the markets say will happen the day before a major USDA report is always a risky - but still useful - endeavor. This year, the recent U.S. government shutdown and U.S.-China trade war/trade deal intensify these dynamics of risk and worthiness. The shutdown, of course, by remo...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.415/bushel, up $0.0625 from yesterday's close.  Dec 25 Wheat closed at $5.3575/bushel, down $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.47/bushel, up $0.1325 from yesterday's close.  Dec 25 Soymeal closed at $328.4/short ton, up $7.4 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Corn and Beans Bravely Higher Ahead of the WASDE

The U.S. government reopened today and the data fog partially lifted in Washington. However, many economic reports will first require time to repopulate their databases. USDA made the decision to publish the November WASDE tomorrow ahead of the agreement to reopen the government and traders spe...

soy-oilseeds

Pre-WASDE Cash Market Soybean Signals

Writing about what the markets say will happen the day before a major USDA report is always a risky - but still useful - endeavor. This year, the recent U.S. government shutdown and U.S.-China trade war/trade deal intensify these dynamics of risk and worthiness. The shutdown, of course, by remo...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.415/bushel, up $0.0625 from yesterday's close.  Dec 25 Wheat closed at $5.3575/bushel, down $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.47/bushel, up $0.1325 from yesterday's close.  Dec 25 Soymeal closed at $328.4/short ton, up $7.4 fr...

livestock

Livestock Roundup: Making Sense of Cattle Markets

The first bit of news is the government shutdown has ended. The House voted 222 to 209 to pass the spending package that will lead to the government re-opening through 30 January. Six Democrats voted “yes”, and two Republicans voted “no” on an otherwise party line vote...

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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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