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Market Commentary

President Trump’s Twitter account was in overdrive this morning as he lashed out at China in a series of tweets, including a note that U.S. companies are “hereby ordered” to find alternatives to that country. This could be part of a bizarre negotiating strategy, a knee-jerk reaction, or a sign of the end times. Feel free to choose whichever scenario you think the most likely because all seem equally probable at this point. The catalyst for the tweetstorm (which seems hilariously harmless when put in those words) was China’s announcement that it will place 5 and 10 percent tariffs on an additional $75 billion of U.S. imports. Notably for agriculture, it will apply an extra 5 percent tariff on imports of U.S. corn, so...

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China Market Analysis

Corn/Feed USDA reports that Chinese domestic production of corn and wheat exceeds demand, but that barley is in a supply deficit and must be imported. China’s overall feed production is growing faster than its meat and egg output. China’s corn crop has been damaged by wetness, and i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2625/bushel, down $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3775/bushel, down $0.11 from yesterday's close.  Mar 26 Soybeans closed at $11.34/bushel, up $0.01 from yesterday's close.  Mar 26 Soymeal closed at $305.8/short ton, down $3.4 fr...

House Farm Bill Text Released

Chairman of the House Agriculture Committee, Glenn Thompson (R-Pennsylvania), released the text of the farm bill on Friday. Markup is scheduled for next week. Some key highlights are shown below.  Commodities: Directs reporting on dairy production expenses to ensure that producer costs ar...

China Market Analysis

Corn/Feed USDA reports that Chinese domestic production of corn and wheat exceeds demand, but that barley is in a supply deficit and must be imported. China’s overall feed production is growing faster than its meat and egg output. China’s corn crop has been damaged by wetness, and i...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2625/bushel, down $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3775/bushel, down $0.11 from yesterday's close.  Mar 26 Soybeans closed at $11.34/bushel, up $0.01 from yesterday's close.  Mar 26 Soymeal closed at $305.8/short ton, down $3.4 fr...

House Farm Bill Text Released

Chairman of the House Agriculture Committee, Glenn Thompson (R-Pennsylvania), released the text of the farm bill on Friday. Markup is scheduled for next week. Some key highlights are shown below.  Commodities: Directs reporting on dairy production expenses to ensure that producer costs ar...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco’s grain harvest could go as high as 9.0 million MT in 2026, which would represent a doubling of last year’s drought-affected harvest. Rainfall is up by 34 percent over the average, while grain planting has incr...

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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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