World Perspectives
energy

There’s No Substitute for Natural Gas

According to the U.S. Energy Information Administration (EIA) weekly natural gas storage report, working natural gas in storage was 3,644 billion cubic feet (Bcf) as of 11 November. That inventory was 4 Bcf higher than last year at this time and 7 Bcf below the five-year average of 3,651 Bcf. Despite falling slightly below the average, this represents a significant rebuilding of stocks back to near the five-year average, and the closest to the historical average since January. As far as natural gas prices for inputs, that is generally positive news. The normal refilling season for stocks runs from 1 April (noted in the chart above) to 31 October (give or take a week or two as refilling continues into the heating season). Inventories were...

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feed-grains soy-oilseeds wheat

Market Commentary: Comfortable, With Jitters

There was generally low volume in grains today as traders await USDA’s important reports on Friday. There is no reason to spend more money on fees or commissions after spending several days aligning with the perceived outcomes. At the same time, market noise does not completely stop and there i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, down $0.04 from yesterday's close. Mar 25 Wheat closed at $5.3625/bushel, down $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.945/bushel, down $0.0275 from yesterday's close. Mar 25 Soymeal closed at $300.8/short ton, down $2.7 fr...

Trudeau Resigns as Canadian Prime Minister

On the campaign trail in 2024, then-candidate and now President-elect Donald Trump proposed to levy tariffs of 10 to 20 percent on all imports, and 60 percent on imports from China. Then on the week of Thanksgiving, that changed to 25 percent tariffs on Canada and Mexico, and an additional 10 p...

feed-grains soy-oilseeds wheat

Market Commentary: Comfortable, With Jitters

There was generally low volume in grains today as traders await USDA’s important reports on Friday. There is no reason to spend more money on fees or commissions after spending several days aligning with the perceived outcomes. At the same time, market noise does not completely stop and there i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.54/bushel, down $0.04 from yesterday's close. Mar 25 Wheat closed at $5.3625/bushel, down $0.0625 from yesterday's close. Mar 25 Soybeans closed at $9.945/bushel, down $0.0275 from yesterday's close. Mar 25 Soymeal closed at $300.8/short ton, down $2.7 fr...

Trudeau Resigns as Canadian Prime Minister

On the campaign trail in 2024, then-candidate and now President-elect Donald Trump proposed to levy tariffs of 10 to 20 percent on all imports, and 60 percent on imports from China. Then on the week of Thanksgiving, that changed to 25 percent tariffs on Canada and Mexico, and an additional 10 p...

feed-grains soy-oilseeds wheat

Market Commentary: No Major Swings on More Positioning Ahead of WASDE

Corn opened lower but managed a quarter penny higher close, and hogs tried to follow cattle higher at the open but ended lower for a third session in a row, but the rest of the pack ended the day where it started with equally small changes.Fundamentals are helping corn, wheat and cattle, and so...

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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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