World Perspectives

Farm Subsidies on the March

Subsidies can increase output and there are many ways to subsidize an industry, but that doesn’t mean that countries should do it.   Cost of Production: The EU badly wants to become self-sufficient in plant protein. More than four decades ago Europe lost a dispute settlement case due to the subsidies it provided to oilseed producers so it has to approach the goal with caution. A recent analysis suggested Europeans reduce their consumption of meat as an approach toward limiting soybean imports. Now some farm organizations are demanding that farmers be paid no less than the cost of production (COP) as part of the Unfair Trade Practices directive. The cost of production varies greatly among producers. Paying every farmer based...

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Market Commentary: Year End Rally in Corn and Beans

The day’s trading started out hum and glum. Corn and soybean contracts moved modestly like their overnight closes and stayed marginal for most of the day. Soyoil was continuing its recent mostly negative run. Wheat never went anywhere important, high or low.  Then there was a breakout late...

Happy New Year from WPI

The WPI team extends our best wishes to you and your families for a healthy and happy New Year. Thank you for your faithful readership, we are looking forward to serving you in the New Year! Please note that our next report will be issued Thursday, 2 January as the U.S. markets are closed...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.585/bushel, up $0.0625 from yesterday's close. Mar 25 Wheat closed at $5.515/bushel, up $0.0325 from yesterday's close. Mar 25 Soybeans closed at $10.105/bushel, up $0.1875 from yesterday's close. Mar 25 Soymeal closed at $316.9/short ton, up $5.1 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Year End Rally in Corn and Beans

The day’s trading started out hum and glum. Corn and soybean contracts moved modestly like their overnight closes and stayed marginal for most of the day. Soyoil was continuing its recent mostly negative run. Wheat never went anywhere important, high or low.  Then there was a breakout late...

Happy New Year from WPI

The WPI team extends our best wishes to you and your families for a healthy and happy New Year. Thank you for your faithful readership, we are looking forward to serving you in the New Year! Please note that our next report will be issued Thursday, 2 January as the U.S. markets are closed...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.585/bushel, up $0.0625 from yesterday's close. Mar 25 Wheat closed at $5.515/bushel, up $0.0325 from yesterday's close. Mar 25 Soybeans closed at $10.105/bushel, up $0.1875 from yesterday's close. Mar 25 Soymeal closed at $316.9/short ton, up $5.1 from ye...

Death of Ag Bidenomics; China 2025; Import Sensitivity

Death of Ag BidenomicsMuch has been written about Bidenomics. Its fans bemoan that the data is good, but the voters failed to appreciate that specific messaging; critics ridicule the policies for waste and misdirection. Bidenomics mostly doesn’t matter in agriculture where cyclicality is the dr...

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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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