World Perspectives

Deforestation Proxy; Perpetual Crisis; Perpetual Costs

Deforestation Proxy It was revealed this week that Brazil is exporting 120 KMT of soybeans to the U.S. and the State Department immediately announced that the Biden Administration will use trade policy to reverse deforestation, including imposing import restrictions on goods where production impacts forests. It could just be coincidence but Washington has been angry that Brazilian President Inácio Lula da Silva has seemingly sided with Russia over Ukraine. While in China, da Silva blamed the U.S. for prolonging the war. The Biden White House accused him of “parroting” Russian propaganda. The enmity extends to Ukraine where President Volodymyr Zelensky intentionally snubbed da Silva at the G-7 meeting. Although Brazil has...

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Summary of Futures

Mar 25 Corn closed at $4.58/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.425/bushel, up $0.02 from yesterday's close. Mar 25 Soybeans closed at $9.9725/bushel, down $0.005 from yesterday's close. Mar 25 Soymeal closed at $303.5/short ton, down $3.8 from ye...

Trudeau Resigns as Canadian Prime Minister

On the campaign trail in 2024, then-candidate and now President-elect Donald Trump proposed to levy tariffs of 10 to 20 percent on all imports, and 60 percent on imports from China. Then on the week of Thanksgiving, that changed to 25 percent tariffs on Canada and Mexico, and an additional 10 p...

feed-grains soy-oilseeds wheat

Market Commentary: No Major Swings on More Positioning Ahead of WASDE

Corn opened lower but managed a quarter penny higher close, and hogs tried to follow cattle higher at the open but ended lower for a third session in a row, but the rest of the pack ended the day where it started with equally small changes.Fundamentals are helping corn, wheat and cattle, and so...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.58/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.425/bushel, up $0.02 from yesterday's close. Mar 25 Soybeans closed at $9.9725/bushel, down $0.005 from yesterday's close. Mar 25 Soymeal closed at $303.5/short ton, down $3.8 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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