World Perspectives
feed-grains

Global Feed Prices Equilibrate

Argentina has moved into the lowest price leader position for corn, but its price has started tracking higher - lest money be left on the table. Romanian and Ukrainian corn prices are relatively flat while U.S. and Brazilian prices have been stable to slightly rising. Notably, highest priced French corn has been flat to declining as it falls closer in line with global prices.  Separately, the Russian milling wheat to feed wheat spread has been declining this past week, indicating that the export tax is having some impact domestically.   ...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  May 25 Soybeans closed at $10.155/bushel, down $0.005 from yesterday's close.  May 25 Soymeal closed at $304.3/short ton, down $1.6 from...

Budget Deal Made Just in Time

The House of Representatives and the U.S. Senate have both passed the full-year Continuing Appropriations Act, which would fund the government under a continuing resolution (CR) for the remainder of fiscal year (FY) 2025. The Congressional Budget Office (CBO) estimates that this bill would set...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn Harvest Progress and Crop Conditions Rain has slowed the corn harvest across much of Argentina’s central region, with progress advancing just 1.4 percentage points over the past week. So far, 8.1 percent of the national total has been harvested, surpassing last season’s pace by...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  May 25 Soybeans closed at $10.155/bushel, down $0.005 from yesterday's close.  May 25 Soymeal closed at $304.3/short ton, down $1.6 from...

Budget Deal Made Just in Time

The House of Representatives and the U.S. Senate have both passed the full-year Continuing Appropriations Act, which would fund the government under a continuing resolution (CR) for the remainder of fiscal year (FY) 2025. The Congressional Budget Office (CBO) estimates that this bill would set...

feed-grains soy-oilseeds

Mercosur Regional Analysis

Corn Harvest Progress and Crop Conditions Rain has slowed the corn harvest across much of Argentina’s central region, with progress advancing just 1.4 percentage points over the past week. So far, 8.1 percent of the national total has been harvested, surpassing last season’s pace by...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Egg shortages and rising prices are not just a feature of U.S. agriculture right now, German and northern European markets broadly are experiencing similar shortages. German sources note the supply of “barn eggs” is too small for “prevailing demand”...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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