World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Tariffs on, Risk off

The market opened today as it had closed from the previous night’s session, with double digit declines in many contracts. An hour into today’s session, first soymeal, then corn, then HRW and hogs turned green. Many then wobbled both sides of unchanged.  There was a new contract low in soymeal, though ultimately it was joined by HRW in being the only two major contracts with an upside close. The dollar is now down 2.5 percent, so it will not offset the impact of higher tariffs as estimated by the Treasury Department, but it will make exports more competitive. Canada and Mexico being spared for now in the fight were key for stability. Going forward, the market wants to know how this impacts consumer spending.  The trade...

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn   Farmers remain focused on the soybean harvest at the expense of executing fieldwork for corn. With favorable weather over the past few days, 20 percent of the soybean area has been harvested. As a result, corn harvest progress was limited, with only a 2.4 percentage point weekl...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The weather for the UK and northern Europe remains a major concern for crops. The UK is currently experiencing its driest year of the 21st century while western and northern Europe are slated for more dry conditions over the next two weeks. The EU model now favors more rain...

Moody’s Downgrades U.S. Debt

On Friday, Moody’s downgraded the U.S, credit worthiness and warned about rising levels of government debt and a widening budget deficit, cutting its U.S, credit rating by one notch to AA1. Moody’s was the last of the Big Three agencies to downgrade the U.S. from a triple-A rating.&...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn   Farmers remain focused on the soybean harvest at the expense of executing fieldwork for corn. With favorable weather over the past few days, 20 percent of the soybean area has been harvested. As a result, corn harvest progress was limited, with only a 2.4 percentage point weekl...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  The weather for the UK and northern Europe remains a major concern for crops. The UK is currently experiencing its driest year of the 21st century while western and northern Europe are slated for more dry conditions over the next two weeks. The EU model now favors more rain...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed that managed money traders are becoming split on their views for the grains and oilseeds complexes going forward. Funds were bearish grains as they sold a combined 120,000 contracts in corn and all three classes of wheat futures while buying 23,000 contracts ac...

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From WPI Consulting

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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