World Perspectives

Bark Worse than Bite; Unprotecting Plants; ESG Slowly Joining Carbon

Bark Worse than Bite The Biden Administration has proposed new rules for poultry companies to be more transparent with growers about the number of chicks they will grow including a minimum, and the feed that will be used. Moreover, USDA commits to review claims from growers. Under the tournament system, growers compete against one another in performance and the complaints driving these measures are from the less competitive growers. The measures are annoying to the processors, but their cost will be borne by consumers. The processors point out that there is a long waiting list of farmers wanting to join the current system. Separately, more provocative legislation is stranded on Capitol Hill and so a new approach would simply require the FT...

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Market Commentary: Mixed But Steady with an Outside Surprise

The U.S. created more new jobs in January than expected, especially in healthcare. And there was more ethanol produced last week than the market expected. Soyoil hit a new contract high, but South American production continues to look quite substantial. The mixed news produced mixed results, bu...

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Livestock Industry Margins

Beef packer margins weakened further last week, with estimated net losses widening to -$247/head, extending the deterioration seen through late January. Boxed beef values were firmer last week, but gains failed to offset increases in fed cattle prices, resulting in additional margin compression...

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Summary of Futures

Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close.  Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.  Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close.  Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed But Steady with an Outside Surprise

The U.S. created more new jobs in January than expected, especially in healthcare. And there was more ethanol produced last week than the market expected. Soyoil hit a new contract high, but South American production continues to look quite substantial. The mixed news produced mixed results, bu...

livestock

Livestock Industry Margins

Beef packer margins weakened further last week, with estimated net losses widening to -$247/head, extending the deterioration seen through late January. Boxed beef values were firmer last week, but gains failed to offset increases in fed cattle prices, resulting in additional margin compression...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close.  Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.  Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close.  Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...

wheat

WASDE Wheat - Feb 2026

USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price remains at $4.90 per bushel.  The global outlook fo...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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