World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: The Bear that Ate the Corn Market

The WASDE was undeniably bearish with December corn and November soybean futures reaching new contract lows (actually, soybeans hit the low before and after the WASDE’s release), while wheat futures were down double-digits in response to the latest news. The headline numbers cratering the markets were record-breaking U.S. corn and soybean yields and month-over-month production ending stocks/use increases. Outside the U.S., across-the-board increases in world ending stocks from the August WASDE pressured markets. Wall Street is higher as of this writing with the Dow and S&P 500 indexes up fractionally and the U.S. Dollar Index up 5 points. Rumors that the U.S. and China could be resuming trade talks briefly boosted the markets...

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feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets tried to generate a “Turnaround Tuesday” during the overnight session but struggled to hold on to minor gains. This difficulty was a signal that Tuesday might be a tough day for the markets, and so it was. Markets assume that China has purchased 5 MMT of soybea...

Pick Your Messenger; Markets Judges are (Flawed) People Too; Betrayals All Around; Common Transatlantic Problems

Pick Your Messenger President Trump assured farmers attending the American Farm Bureau annual meeting that the negotiations with China are going great and they will be the beneficiaries. He said a deal is in the offing due to the duties he imposed on Chinese goods. By contrast, U.S. Trade Repre...

biofuel

EPA Administrator Confirmation Hearing and Biofuel Outlook

The Senate Environment and Public Works Committee (EPW) will hold a confirmation hearing tomorrow for Andrew Wheeler, nominated last week by President Trump to be the EPA administrator. He has been the acting in that position  since July and is the former deputy administrator. Wheeler was...

feed-grains soy-oilseeds wheat

Market Commentary

Grain and soy markets tried to generate a “Turnaround Tuesday” during the overnight session but struggled to hold on to minor gains. This difficulty was a signal that Tuesday might be a tough day for the markets, and so it was. Markets assume that China has purchased 5 MMT of soybea...

Pick Your Messenger; Markets Judges are (Flawed) People Too; Betrayals All Around; Common Transatlantic Problems

Pick Your Messenger President Trump assured farmers attending the American Farm Bureau annual meeting that the negotiations with China are going great and they will be the beneficiaries. He said a deal is in the offing due to the duties he imposed on Chinese goods. By contrast, U.S. Trade Repre...

biofuel

EPA Administrator Confirmation Hearing and Biofuel Outlook

The Senate Environment and Public Works Committee (EPW) will hold a confirmation hearing tomorrow for Andrew Wheeler, nominated last week by President Trump to be the EPA administrator. He has been the acting in that position  since July and is the former deputy administrator. Wheeler was...

soy-oilseeds softs energy

Brainstorming without USDA

It takes something like the current partial shutdown of the U.S. government to make those involved with agricultural markets realize how much we depend on the stream of data from USDA. The regularity of things like export sales reports, livestock reports, and estimates of production, supplies a...

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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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