World Perspectives

Census of Ag Summary – Same Trends Continue

USDA released the latest Census of Agriculture today. Typically, the release is every five years, so this is the 2022 census, updated from 2017. The response rate to the 2022 census was 61 percent; in 2017 it was 72 percent.  Total farm sales in 2022, a year of record farm income, were $543 billion, up 39 percent from 2017, with 19.4 percent of that accounted for by inflation.  Reflecting changes in the market and updates from the 2018 farm bill there were new questions added to the survey, including the use of precision agriculture and hemp production. However, a big takeaway is that the same trends held course, such as consolidation and aging of farmers, over the past five years.  For example, there were 105,384 farms wi...

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Market Commentary: CBOT Rallies, but is it a Correction or a Trend Reversal?

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Rearranged Trade Impacts

U.S. tariffs are reordering world trade and may further impact the nation’s agricultural exports. While soybean exports to China are stalled as that nation redirects all of its purchases to South America, that has been a political position that ignores the lower cost of U.S. soybeans. How...

feed-grains soy-oilseeds wheat

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Dec 25 Corn closed at $4.04/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.2825/bushel, up $0.07 from yesterday's close.  Nov 25 Soybeans closed at $10.36/bushel, up $0.0225 from yesterday's close.  Dec 25 Soymeal closed at $297.2/short ton, up $1.3 from ye...

feed-grains soy-oilseeds wheat

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FOB Prices and Freight Rates App (Updated 20 August)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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