World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Gains to Close Week; Wheat Firms on Bullish News

The CBOT was mostly higher to end a mostly bearish week with wheat leading the way on several mildly bullish developments. Wheat futures saw price-supportive development in the IGC’s lower 2024/25 global ending stocks forecast, dryness in the U.S. Southern Plains, and smaller Russian 2024 wheat crop predictions. These factors took the CBOT market above technical resistance overnight, though the day session could not quite match that strength. Corn futures pushed higher as well amid spillover buying and news that the U.S. EPA will allow E15 fuel sales this summer. Finally, the soy complex uniformly turned higher amid strong technical buying and short covering as Argentina’s harvest continues to slow. Funds were net buyers for the...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Hits New Highs on Smaller Russian Crop; Corn, Soy Fall on Planting Progress

The CBOT was mixed on Tuesday with corn and the soy complex finding pressure after Monday’s Crop Progress report reflected better-than-expected planting progress. That reduced concerns about late plantings negatively impacting yields or, for soybeans, unplanted corn acres being switched t...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8...

Banking Committee Looking at Food Prices and Corporate Greed

The Senate Banking Committee’s subcommittee on Economic Policy will be holding a hearing tomorrow entitled "Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.” This is the second hearing on this topic convened by t...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Hits New Highs on Smaller Russian Crop; Corn, Soy Fall on Planting Progress

The CBOT was mixed on Tuesday with corn and the soy complex finding pressure after Monday’s Crop Progress report reflected better-than-expected planting progress. That reduced concerns about late plantings negatively impacting yields or, for soybeans, unplanted corn acres being switched t...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8...

Banking Committee Looking at Food Prices and Corporate Greed

The Senate Banking Committee’s subcommittee on Economic Policy will be holding a hearing tomorrow entitled "Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.” This is the second hearing on this topic convened by t...

Breaking Eggs with Poor Math

Activists have been pressuring the Biden Administration to take more action against Big Ag. The latest is an attack on egg production. Opponents are blaming the spread of avian influenza (AI) and the high cost of eggs on what they claim is 110 billion eggs produced on just 347 farms. They asser...

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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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