World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: New Highs in Wheat and Cattle; Soymeal Crashes; Oil Rallies as Biden Increases Supply

CBOT futures were mixed on Tuesday with wheat once again leading the way higher with new contract highs, corn following, and the soy complex ending mixed. Persistent rain in the forecast for Australia, combined with logistics issues from Canadian flooding and drought in the Black Sea and U.S. Plains are providing ample worries for the wheat markets. Corn lacks much of a bullish story on its own, but rallies in wheat are offering secondary support to most feed grains. Soymeal fell sharply lower in technical selling and liquidation, which weighed on soybeans. The monthly Cold Storage report showed continued tight red meat and poultry supplies and a surprise increase in beef stocks. Beef stocks were up 8 percent at the end of October versus S...

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feed-grains soy-oilseeds wheat

Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending

The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...

soy-oilseeds livestock

China In-Country Analysis

Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...

Strange Bedfellows; Lobby Opportunity; Labor Hurdle

Strange Bedfellows The oil industry and U.S. agriculture have long conflicted with one another. The oil industry strongly opposed the ethanol blending mandate pushed through the Congress by the agriculture sector. Ethanol not only replaced the oil industry’s gasoline, but it also created...

feed-grains soy-oilseeds wheat

Market Commentary: Dead Cat Bounce in Wheat; Soy Extends its Rally; EIA RVOs Still Pending

The CBOT was mostly higher at mid-week with soymeal and soybeans leading the way in a demand-fueled rally. Wheat traded sideways for the morning but eventually found some buying interest and rallied heading into the close to settle 12-14 cents higher. The wheat rally lacked any fundamental just...

soy-oilseeds livestock

China In-Country Analysis

Public Health COVID Restrictions Eased in Some Key Cities, Tension Lingers The recent public protests in Shanghai and Beijing marked a level of civil unrest not normally seen in China, since the landmark event of Tiananmen Square in 1989. This is not to say that protests or outrage over governm...

Strange Bedfellows; Lobby Opportunity; Labor Hurdle

Strange Bedfellows The oil industry and U.S. agriculture have long conflicted with one another. The oil industry strongly opposed the ethanol blending mandate pushed through the Congress by the agriculture sector. Ethanol not only replaced the oil industry’s gasoline, but it also created...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 23 Corn closed at $6.67/bushel, down $0.025 from yesterday's close.  Mar 23 Wheat closed at $7.955/bushel, up $0.14 from yesterday's close.  Jan 23 Soybeans closed at $14.695/bushel, up $0.1 from yesterday's close.  Jan 23 Soymeal closed at $417.8/short ton, up $10.2 from yes...

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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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