World Perspectives
farm-inputs

Farm Income Problems and What to Do

Low prices and weak or no profits are spurring a resurgence in marketing interest among farmers, and there are several steps that each can take.There have been numerous media stories on the poor financial outlook for farmers because of the current low price environment (see http://www.startribune.com/dark-clouds-loom-for-farmers-and-their-bankers-as-crop-prices-languish/388797251/ as one example). Without wishing to belabor the point, low prices and weak or no profits are spurring a resurgence in marketing interest among farmers. The old saying “What goes around, comes around” has been proven to be accurate on a number of occasions over many years. Everything is cyclical. Following are some thoughts on the latest trends circulating, none of...

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farm-inputs

Phosphate and Potash Added to Critical Minerals List

The Department of the Interior has added phosphate and potash, two key fertilizer ingredients, to the official Critical Minerals List. They are part of 60 minerals deemed vital to the U.S. economy and national security, with 10 of those being newly listed, that face potential risks from disrupt...

farm-inputs

Oil Cost and Input Forecast

According to the latest Short Term Energy Outlook (STEO), U.S. petroleum production is forecast to hit 13.41 million barrels per day (bpd) in 2025 due primarily to improved well productivity.  Increased supply will lower prices in 2026 and result in a fall in output to 13.28 million bpd in...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.515/bushel, down $0.0475 from yesterday's close.  May 25 Wheat closed at $5.3675/bushel, down $0.11 from yesterday's close.  May 25 Soybeans closed at $9.99/bushel, down $0.125 from yesterday's close.  May 25 Soymeal closed at $293.5/short ton, down $4.5...

farm-inputs

Phosphate and Potash Added to Critical Minerals List

The Department of the Interior has added phosphate and potash, two key fertilizer ingredients, to the official Critical Minerals List. They are part of 60 minerals deemed vital to the U.S. economy and national security, with 10 of those being newly listed, that face potential risks from disrupt...

farm-inputs

Oil Cost and Input Forecast

According to the latest Short Term Energy Outlook (STEO), U.S. petroleum production is forecast to hit 13.41 million barrels per day (bpd) in 2025 due primarily to improved well productivity.  Increased supply will lower prices in 2026 and result in a fall in output to 13.28 million bpd in...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.515/bushel, down $0.0475 from yesterday's close.  May 25 Wheat closed at $5.3675/bushel, down $0.11 from yesterday's close.  May 25 Soybeans closed at $9.99/bushel, down $0.125 from yesterday's close.  May 25 Soymeal closed at $293.5/short ton, down $4.5...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.98/bushel, up $0.005 from yesterday's close.  Mar 25 Wheat closed at $5.855/bushel, down $0.065 from yesterday's close.  Mar 25 Soybeans closed at $10.455/bushel, up $0.1375 from yesterday's close.  Mar 25 Soymeal closed at $296/short ton, up $1.3 from ye...

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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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