World Perspectives
feed-grains soy-oilseeds wheat

Less Bad Situation

As pointed out by WPI contributor Jody Lefcourt, this is only the third time since the year 2000 that corn has been below $3.30/bushel. But agricultural commodity prices have thus far only fallen modestly relative to the scale of the current global disease and economic crisis. Moreover, overall food demand is unlikely to fall, and may actually increase (see COVID Analogies and Outlook). In a solid analysis by AgriCensus, it is noted that the larger contributor to the large agricultural commodity price drop during the Great Recession was the petroleum market rather than the larger economy. From that standpoint, it is the fall in demand for ethanol and biodiesel plus negative returns to distillers that is imposing downward price pressure.&nb...

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feed-grains soy-oilseeds wheat

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livestock

Cow-Calf Profitability Improves, Indicates Herd Rebuilding

Southern Plains cow-calf producers’ financial outlook continues to improve with the recent gains in feeder cattle prices and overall weakness in feed costs so far in 2025. Returns on an inflation-adjusted basis remain below those of 2014 and 2015, but recent gains in expected profits sugg...

WPI Transportation Report

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feed-grains soy-oilseeds wheat

Market Commentary: BBB, MAHA, Fundamentals and a Holiday

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for May 9-15, 2025  Wheat: Net sales reductions of 13,400 metric tons (MT) for 2024/2025 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 438,400 MT were up 18 percent from the previous week, but down 5 percent fr...

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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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