World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Active overnight trade pushed the CBOT higher with corn up 6.75 cents, soybeans up 7.75 cents and Chicago wheat up 8.5 cents before the morning session’s open. The catalyst for this was, of course, USDA’s confirmation yesterday afternoon that the current corn crop is the most delayed in history. The combination of that and a persistently wet forecast for the coming week was hardly good news for farmers or the market. The overnight session gave way to massive trade volume today that saw nearly the entire CBOT trade sharply higher early in the morning. The market’s early strength encouraged a large wave of farmer and fund selling that pushed prices off the day’s highs. The selling was so strong, in fact, that soybeans...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close.  Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close.  Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close.  Jul 26 Soymeal closed at $319.1/short ton, up $2.6...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Week and a Mixed Outlook

This is the limbo period between the expectations and reality of a new crop going into the ground. Prices gyrate in a narrow range, awaiting something more definitive than planting “intentions.” The bears see a planting pace off to a quick start, the bulls see ground that in many pl...

Kevin Warsh’s Confirmation Hearings and Policy Directions

Kevin Warsh, formerly a member of the Federal Reserve Board, has been nominated by President Trump to be the Chairman of the Federal Reserve. Trump has long been critical of current Chair Jerome Powell, even opening a Department of Justice (DOJ) investigation into the handling of cost overruns...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close.  Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close.  Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close.  Jul 26 Soymeal closed at $319.1/short ton, up $2.6...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Week and a Mixed Outlook

This is the limbo period between the expectations and reality of a new crop going into the ground. Prices gyrate in a narrow range, awaiting something more definitive than planting “intentions.” The bears see a planting pace off to a quick start, the bulls see ground that in many pl...

Kevin Warsh’s Confirmation Hearings and Policy Directions

Kevin Warsh, formerly a member of the Federal Reserve Board, has been nominated by President Trump to be the Chairman of the Federal Reserve. Trump has long been critical of current Chair Jerome Powell, even opening a Department of Justice (DOJ) investigation into the handling of cost overruns...

biofuel energy

E15: What Does It Mean?

Previous administrations—including that of President Donald Trump—have promoted domestic consumption of corn and soybeans through expanded biofuel mandates and subsidies. The original framework for this policy was the Energy Independence and Security Act of 2007, which required the...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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