World Perspectives
feed-grains

WASDE Corn

According to USDA:  This month’s 2018/19 U.S. corn outlook is for lower corn used for ethanol, reduced exports, and larger stocks.  Corn used to produce ethanol is lowered 25 million bushels to 5.550 billion based on the most recent data from the Grain Crushings and Co-Products Production report, and the pace of weekly ethanol production during February as indicated by Energy Information Administration data.  Exports are reduced 75 million bushels to 2.375 billion, reflecting diminished U.S. price competitiveness and expectations of increased exports for Brazil and Argentina.  With no other use changes, ending stocks are raised 100 million bushels to 1.835 billion.  The season-average corn price received by pr...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.475/bushel, up $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.29/bushel, up $0.04 from yesterday's close.  Jul 25 Soybeans closed at $10.5075/bushel, up $0.0075 from yesterday's close.  Jul 25 Soymeal closed at $291.1/short ton, down $0.8 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Short Covering, Weather, Exports, and Weak Dollar Lift CBOT

The CBOT turned higher to start the week with wheat, corn, soybeans, and soy oil, all finding their way to higher ground amid a mix of factors. The big news for the day was Moody’s weekend downgrade of the U.S. credit rating, from “triple-A” to “double-A”. That new...

Fake is Out

Health and Human Services Secretary RFK, Jr. wants to stop demand for fake food colorings and Americans are slowing demand for fake food products. The demand for plant-based milks skyrocketed in percentage terms just a few years ago. Farm state politicians rushed to regulate the use of the word...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.475/bushel, up $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.29/bushel, up $0.04 from yesterday's close.  Jul 25 Soybeans closed at $10.5075/bushel, up $0.0075 from yesterday's close.  Jul 25 Soymeal closed at $291.1/short ton, down $0.8 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Short Covering, Weather, Exports, and Weak Dollar Lift CBOT

The CBOT turned higher to start the week with wheat, corn, soybeans, and soy oil, all finding their way to higher ground amid a mix of factors. The big news for the day was Moody’s weekend downgrade of the U.S. credit rating, from “triple-A” to “double-A”. That new...

Fake is Out

Health and Human Services Secretary RFK, Jr. wants to stop demand for fake food colorings and Americans are slowing demand for fake food products. The demand for plant-based milks skyrocketed in percentage terms just a few years ago. Farm state politicians rushed to regulate the use of the word...

I Don’t Care; Rebalancing U.S. – Japan Trade

I Don’t Care That is likely President Trump’s attitude toward the WTO General Council’s castigation of his tariff war. Understandably, WTO members believe the complete flaunting of its rules by the U.S. undermines the entire organization. Both China and the EU want the U.S. na...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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