World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Weather Attention

The Fed continues to describe inflation as transient but said this week it is prepared to raise interest rates if proven wrong. Several business leaders are certain it is a larger problem than just being transient. Both have compelling narratives, but which is correct? Farmers are complaining about the rising cost of inputs, but they should benefit from elevated commodity prices, assuming the value of the dollar does not work against them. A larger problem would be to have spent on inputs and then have drought wipe out any profits from production. But that is a reason to carry federally subsidized insurance.  The current bent towards drought may not be a passing fancy. NOAA’s recent models place a 51 percent chance of a return o...

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Syria is reported to be the main destination for Russia’s shipments of Ukraine grain from occupied regions. Egypt had been the main destination, but it has now stopped buying grain from occupied areas. Syria and Ukraine plan...

livestock

Livestock Industry Margins

Beef packer margins deteriorated further last week to -$85/head, down from -$17/head the prior week, as continued strength in fed cattle prices again outpaced weakening boxed beef values. The Choice cutout declined $5.14/cwt to $386.41/cwt, while fed cattle prices rose $3.78/cwt to $388.36/cwt,...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close.  May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close.  May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close.  May 26 Soymeal closed at $331.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Syria is reported to be the main destination for Russia’s shipments of Ukraine grain from occupied regions. Egypt had been the main destination, but it has now stopped buying grain from occupied areas. Syria and Ukraine plan...

livestock

Livestock Industry Margins

Beef packer margins deteriorated further last week to -$85/head, down from -$17/head the prior week, as continued strength in fed cattle prices again outpaced weakening boxed beef values. The Choice cutout declined $5.14/cwt to $386.41/cwt, while fed cattle prices rose $3.78/cwt to $388.36/cwt,...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4025/bushel, down $0.0075 from yesterday's close.  May 26 Wheat closed at $5.8225/bushel, up $0.1125 from yesterday's close.  May 26 Soybeans closed at $11.6225/bushel, down $0.135 from yesterday's close.  May 26 Soymeal closed at $331.9/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Political Tail Still Wagging the Market Dog

Politics are once again the tail wagging the dog in commodity markets. U.S. negotiations with Iran fell apart (again) over the weekend after Iran refused to agree to a permanent end of its nuclear weapons program. Rather than a return to the recent status quo, however, markets are adjusting to...

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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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