World Perspectives

Biden Rural Approach; AI Feint

Biden Rural Outreach A politician going into the geography of the opposition is usually connoted as a sign of strength. Nothing in the Biden presidency polling suggests strength but the President’s foray into rural America this week connotes a strategy of at least reducing the opposition. Rural America is Republican territory and while the Biden Administration has highlighted populist rural fixations like attacking Big Ag and subsidizing small meat packing startups, it has also maintained subsidies for Big Ag. There is caution that pep rallies amidst continued rural concerns about inflation reinforces tone deafness, aggies like any sector crave attention. Trump gave the sector attention but also a harmful trade war. Biden is now givi...

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Political Risk to Agribusiness

The Biden Administration and others have already shown their animosity toward Big Ag. Heading into 2024 the hate may grow larger. The President’s reelection campaign, and that of the Democratic Party, is threatened by voter dissatisfaction with the economy. Specifically, they are upset ab...

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Market Commentary: Fewer Bears Ahead of WASDE

Confidence in short positions was slightly challenged today as traders positioned ahead of tomorrow’s USDA December WASDE. January soybeans jumped back 16.25 cents today, though not enough to offset a string of earlier double-digit losses. Thus far this week, January soybeans are down 13...

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Summary of Futures

Mar 24 Corn closed at $4.88/bushel, up $0.0375 from yesterday's close.  Mar 24 Wheat closed at $6.4225/bushel, up $0.0875 from yesterday's close.  Jan 24 Soybeans closed at $13.1175/bushel, up $0.1625 from yesterday's close.  Jan 24 Soymeal closed at $406.8/short ton, down $1.7 f...

Political Risk to Agribusiness

The Biden Administration and others have already shown their animosity toward Big Ag. Heading into 2024 the hate may grow larger. The President’s reelection campaign, and that of the Democratic Party, is threatened by voter dissatisfaction with the economy. Specifically, they are upset ab...

feed-grains soy-oilseeds wheat

Market Commentary: Fewer Bears Ahead of WASDE

Confidence in short positions was slightly challenged today as traders positioned ahead of tomorrow’s USDA December WASDE. January soybeans jumped back 16.25 cents today, though not enough to offset a string of earlier double-digit losses. Thus far this week, January soybeans are down 13...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 24 Corn closed at $4.88/bushel, up $0.0375 from yesterday's close.  Mar 24 Wheat closed at $6.4225/bushel, up $0.0875 from yesterday's close.  Jan 24 Soybeans closed at $13.1175/bushel, up $0.1625 from yesterday's close.  Jan 24 Soymeal closed at $406.8/short ton, down $1.7 f...

Hobbling AI; Chinese Spin; F2F Setback

Hobbling AI The EU has neared agreement on doing what it does best, regulating. This time its target is artificial intelligence. France and Germany were reluctant participants because they have their own startup AI companies and didn’t want to hobble them. Regulatory hobbling from Brussel...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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