World Perspectives

Divergence of Markets; Fear No Beer; Little Net Gain

Divergence of Markets Food away from home has been outpacing food at home as the cost of human services has written. The categories on the rise include meat, eggs, produce, and alcohol. Food prices are unlikely to descend and even food price discounter Walmart has struggled to restrain what they charge to their budget conscious costumers. Prices that have declined include bananas, salmon, pork chops and sweet potatoes. Nonetheless, one troubling result is that the number of Americans reporting that they lack sufficient food rose 25 percent in 2024. At the same time, more affluent shoppers are increasing their purchases of more expensive organic foods by 13.9 percent CAGR.  Through a combination of production hurdles and health concerns...

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Market Commentary: CBOT Bounced on Short-Covering and Positive Export Data

The CBOT turned higher on Monday with positive export data from USDA and a healthy dose of bottom-picking and pre-holiday short covering driving the upside action. Corn was the upside leader for the day as export shipments remain strong with foreign buyers and end-users picking up the purchase...

WTO Gets Trumped; Novel Remains Unusual; Cheese Diversion

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Cattle on Feed for Dec 2025

USDA reports U.S. Cattle on Feed down 2 percent in feedlots with capacity of 1,000 or more head to total 11.7 million head on December 1, 2025.  Placements in feedlots during November totaled 1.60 million head, 11 percent below 2024.  Marketings of during November totaled 1.52 million...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Bounced on Short-Covering and Positive Export Data

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Cattle on Feed for Dec 2025

USDA reports U.S. Cattle on Feed down 2 percent in feedlots with capacity of 1,000 or more head to total 11.7 million head on December 1, 2025.  Placements in feedlots during November totaled 1.60 million head, 11 percent below 2024.  Marketings of during November totaled 1.52 million...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.47/bushel, up $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.155/bushel, up $0.0575 from yesterday's close.  Jan 26 Soybeans closed at $10.5325/bushel, up $0.04 from yesterday's close.  Mar 26 Soymeal closed at $301.9/short ton, up $0.8 from y...

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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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