World Perspectives

Crunch Time; Miscellaneous

Crunch Time The “Big Beautiful Bill” providing the tax cut extensions sought by President Trump is supposed to be passed by the U.S. House by Memorial Day. The President told House Republicans today that they should not cut Medicaid, and they should not raise the cap on deducting state and local taxes (SALT). It is difficult to see how Speaker Mike Johnson rallies sufficient support for the reconciliation measure to pass. Conservatives targeted cutting Medicaid to reduce the amount of deficit spending, and Blue state Republicans are insisting on raising the SALT cap. The President threatened there will be political challengers in 2026 elections if Republicans do not fall in line. Already, conservatives like Rep. Thomas Massie (R...

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Market Commentary: Green Crop Fields Create Sea of Market Red

The CBOT was sharply lower on Tuesday as traders reacted to the USDA’s Crop Progress report, in which corn, soybean, and spring wheat conditions and development were highly favorable. That, combined with high corn yield and soybean pod count estimates from various crop tours sent the mark...

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Dec 25 Corn closed at $4.0325/bushel, down $0.0325 from yesterday's close.  Sep 25 Wheat closed at $4.985/bushel, down $0.0425 from yesterday's close.  Nov 25 Soybeans closed at $10.3375/bushel, down $0.075 from yesterday's close.  Dec 25 Soymeal closed at $295.9/short ton, up $4...

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Weaponizing Trade; De-Weaponizing MAHA

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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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