World Perspectives
equities softs

Regulated Commodity; Foodtopia

Regulated Commodity The Commodity Futures Trading Commission (CFTC) announced that it will hold hearings at the end of the month to examine issues related to regulating the trading of bitcoin. The value of bitcoin has risen rapidly in recent weeks as speculators have taken a more dominant position than those simply using it as a transactional medium. Gabriel Rubin in the Wall Street Journal compared bitcoin to gold, the value of which rises and falls with supply and demand but ultimately drops to the cost of production. However, the production of bitcoin is capped, and while gold has competition from silver and other precious metals, the ability to conjure competitor cryptocurrencies is unlimited. Indeed, there is an argument that Ethereu...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, up $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.2375/bushel, up $0.045 from yesterday's close.  Nov 25 Soybeans closed at $10.3375/bushel, up $0.0675 from yesterday's close.  Dec 25 Soymeal closed at $285.6/short ton, up $1.6 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Technical Momentum Shifts at Odds with Fundamentals

The CBOT was mostly higher to start the week with technical factors driving short covering and some cautious fresh long buying. There wasn’t much from a fundamental standpoint to drive the move, but the technical picture is firming for most commodities. Corn saw substantial follow-through...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 8 September)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, up $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.2375/bushel, up $0.045 from yesterday's close.  Nov 25 Soybeans closed at $10.3375/bushel, up $0.0675 from yesterday's close.  Dec 25 Soymeal closed at $285.6/short ton, up $1.6 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Technical Momentum Shifts at Odds with Fundamentals

The CBOT was mostly higher to start the week with technical factors driving short covering and some cautious fresh long buying. There wasn’t much from a fundamental standpoint to drive the move, but the technical picture is firming for most commodities. Corn saw substantial follow-through...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 8 September)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

USG Closure; Ag Gets Special Treatment; Policy Shorts

USG Closure Congressional Democrats are debating whether they should force the U.S. government into closure at the end of this month when the budget (continuing resolution) expires. Back in March, a handful of Democratic U.S. senators joined with the Republicans in ensuring funding through 30 S...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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