World Perspectives
feed-grains

Directional Trade Deficit

The Biden Administration halted new trade agreements until it said it could make Americans more competitive with policies like Build Back Better. However, those policies could take many years and the trade deficit continues to grow. It is no doubt helped along by the strong dollar, which makes imports cheaper and exports less competitive.  However, it also does not help when trading partners like Mexico impose barriers to agricultural imports from the U.S. American corn exports are a significant 17 percent of the value of U.S. agricultural exports to Mexico.  They are already down 15 percent in the first quarter of this fiscal year. Mexico’s overall trade surplus with the U.S. has been growing at double digits each year, an...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed Volume, Mixed Outcomes

Agricultural futures were mixed today with generally higher volume except in soybeans and corn. Traders were cautious not to get out ahead of their skis given the historical propensity for USDA’s January WASDE report to contain curve balls (see below). New sales of soybeans to China made...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.46/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0 from yesterday's close.  Mar 26 Soybeans closed at $10.6125/bushel, down $0.0575 from yesterday's close.  Mar 26 Soymeal closed at $303.6/short ton, down $1.8 from...

livestock

Livestock Round Up: 2025 Dietary Guidelines, Meat is Back

The USDA and the Department of Health and Human Services (HHS) recently released the 2025 Dietary Guidelines for Americans (DGA). The headline developments were a direct reversal of the 2015 guidelines, which were the first to not include a recommendation to consume meat based in part on sustai...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Volume, Mixed Outcomes

Agricultural futures were mixed today with generally higher volume except in soybeans and corn. Traders were cautious not to get out ahead of their skis given the historical propensity for USDA’s January WASDE report to contain curve balls (see below). New sales of soybeans to China made...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.46/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0 from yesterday's close.  Mar 26 Soybeans closed at $10.6125/bushel, down $0.0575 from yesterday's close.  Mar 26 Soymeal closed at $303.6/short ton, down $1.8 from...

livestock

Livestock Round Up: 2025 Dietary Guidelines, Meat is Back

The USDA and the Department of Health and Human Services (HHS) recently released the 2025 Dietary Guidelines for Americans (DGA). The headline developments were a direct reversal of the 2015 guidelines, which were the first to not include a recommendation to consume meat based in part on sustai...

soy-oilseeds

Oilseed Highlights: Oilseed Demand Slumps while Vegoils Rise

The Market  With just two days left before the January WASDE, the soy complex is trading above week-ago levels, but that fact belies the weakness that has enveloped the market since late November. Skepticism over China’s long-term commitment to U.S. soybean purchases – especial...

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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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