World Perspectives
soy-oilseeds

Oilseed Highlights: On an Upswing

The MarketThe January soybean contract is up 3.2 percent on the week and has is now up 3.5 percent from its late October low at 979/bushel, but it is still 5 percent below its late August high at 1083/bushel.11072024oilseeds_beans.png 1.16 MBUntil today’s turnaround following very large export sales last week, the December soymeal contract had fallen 14 percent since a 1 October high at 347.5/ST. For the week thus far, it is up one percent.  11072024oilseeds_meal.png 1.27 MBPalm oil has been pushing all seed oils higher, with December soyoil now up 25 percent in value since the mid-August low at 38.67/pound. It is up 4.3 percent for this week thus far. January ICE canola is up 18.6 percent from its September 13 low. 11072024oilseeds_so...

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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 99.1 percent of last year with the range of estimates between 98.7 and 99.7 percent of 1 September 2024. Those estimates imply an on-fee...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Hopeful but Guarded on China; CBOT Falls on Demand Worries

Technical selling, disappointment with the USDA’s latest policy moves, and favorable rains across the Midwest took a bearish toll on the CBOT markets Wednesday. The Federal Reserve, as expected, cut interest rates today and signaled a more dovish approach for the next several months, whic...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2675/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, down $0.0575 from yesterday's close.  Nov 25 Soybeans closed at $10.4375/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $285.7/short ton, down...

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 99.1 percent of last year with the range of estimates between 98.7 and 99.7 percent of 1 September 2024. Those estimates imply an on-fee...

feed-grains soy-oilseeds wheat

Market Commentary: Markets Hopeful but Guarded on China; CBOT Falls on Demand Worries

Technical selling, disappointment with the USDA’s latest policy moves, and favorable rains across the Midwest took a bearish toll on the CBOT markets Wednesday. The Federal Reserve, as expected, cut interest rates today and signaled a more dovish approach for the next several months, whic...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2675/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, down $0.0575 from yesterday's close.  Nov 25 Soybeans closed at $10.4375/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $285.7/short ton, down...

WTO and Trump; Analytically Correct, Predictably Wrong

WTO and Trump To quote Wikipedia, James Bacchus is “an American statesman, scholar, writer, and politician". He also served as a founding member and twice chairman of the WTO’s Appellate Body. He now writes from the Libertarian Cato Institute and provocatively asks why the WTO is no...

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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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