World Perspectives
biofuel

King and Queen Pillage the Village

King corn is losing a battle with Queen soybeans, and this has activated the politicians for another round of support. Renewable diesel is projected to increase five-fold from 1 billion to 5 billion gallons by 2026. Almost $2.6 billion is being invested in increased soybean crush capacity to meet this demand. It will require around 1.5 billion additional bushels of soybeans and creates three problems for corn: An edge in the battle for acres. Demand drives up profitability and farmers will grow beans instead of corn. Increased competition around coproducts. There will be a surplus of 35 million short tons of soybean meal competing with DDGS.  Winning RINs. Renewable biodiesel has a better GHG reduction value and its RINs will outc...

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livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 98.1 percent of last year with the range of estimates between 97.4 and 98.6 percent of 1 August 2024. Those estimates imply an on-feed i...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.04/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, up $0.07 from yesterday's close.  Nov 25 Soybeans closed at $10.36/bushel, up $0.0225 from yesterday's close.  Dec 25 Soymeal closed at $297.2/short ton, up $1.3 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies, but is it a Correction or a Trend Reversal?

The CBOT turned higher at mid-week with wheat leading the way and corn and soybeans following on somewhat minor news items. Wheat saw a strong rally develop that created bullish key reversals on the charts after rumors of Asian export demand – fueled by the U.S. Gulf’s discount to R...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 98.1 percent of last year with the range of estimates between 97.4 and 98.6 percent of 1 August 2024. Those estimates imply an on-feed i...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.04/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, up $0.07 from yesterday's close.  Nov 25 Soybeans closed at $10.36/bushel, up $0.0225 from yesterday's close.  Dec 25 Soymeal closed at $297.2/short ton, up $1.3 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies, but is it a Correction or a Trend Reversal?

The CBOT turned higher at mid-week with wheat leading the way and corn and soybeans following on somewhat minor news items. Wheat saw a strong rally develop that created bullish key reversals on the charts after rumors of Asian export demand – fueled by the U.S. Gulf’s discount to R...

Rearranged Trade Impacts

U.S. tariffs are reordering world trade and may further impact the nation’s agricultural exports. While soybean exports to China are stalled as that nation redirects all of its purchases to South America, that has been a political position that ignores the lower cost of U.S. soybeans. How...

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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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