World Perspectives
farm-inputs

Fertilizer: No Room for Error

There are a lot of uncertainties in the market and ranging from the political like the war, to the mundane such as weather. One variable front and center is fertilizer. It is both essential to crop production, and an environmental externality. The goal of reducing its use has come squarely confronted by its essentialness as prices have risen. The price of nitrogen and wheat yields are highly correlated. However, the relationship of various fertilizers and output are highly variable over time. This is due to improvements in uptake efficiency, plus weather and soil variability. The complexities of its use and efficaciousness should give pause to any meat handed policy approach toward regulating it.  ...

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feed-grains soy-oilseeds wheat

Market Commentary: Ephemeral Trump Bump

The U.S. – China tariff war truce technically expires tomorrow and in negotiating its extension, President Trump decided to signal his hope that Beijing would purchase some U.S. soybeans. There is no indication that this will be the end result, but in futures it is buy the rumor. Tomorrow...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.0775/bushel, up $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.15/bushel, up $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.1125/bushel, up $0.2375 from yesterday's close.  Dec 25 Soymeal closed at $290.2/short ton, up $5 from y...

feed-grains

NCGA Complains About Tariffs and Margins

The National Corn Growers Association (NCGA), along with 25 state associations, sent a letter on 1 August to USTR Jamieson Greer, Commerce Secretary Howard Lutnick, and USDA Secretary Brooke Rollins complaining about “the calamitous environment for farmers who are trying to plan for harve...

feed-grains soy-oilseeds wheat

Market Commentary: Ephemeral Trump Bump

The U.S. – China tariff war truce technically expires tomorrow and in negotiating its extension, President Trump decided to signal his hope that Beijing would purchase some U.S. soybeans. There is no indication that this will be the end result, but in futures it is buy the rumor. Tomorrow...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.0775/bushel, up $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.15/bushel, up $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.1125/bushel, up $0.2375 from yesterday's close.  Dec 25 Soymeal closed at $290.2/short ton, up $5 from y...

feed-grains

NCGA Complains About Tariffs and Margins

The National Corn Growers Association (NCGA), along with 25 state associations, sent a letter on 1 August to USTR Jamieson Greer, Commerce Secretary Howard Lutnick, and USDA Secretary Brooke Rollins complaining about “the calamitous environment for farmers who are trying to plan for harve...

feed-grains soy-oilseeds wheat

Market Commentary: Momentum is Stalled Pending WASDE

After yesterday’s baseless bounce, today’s trading involved some retracement on a lack of fresh inputs. There was yet another flash corn export sale this morning, but higher volume sent corn futures lower. It was an unforgiving day, and the market is in a holding pattern until USDA&...

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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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