World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Tariffs More Than Weather

President Trump’s announcement that he will impose 25 percent tariffs on Canada and Mexico starting tomorrow eclipsed concerns about South American weather and sent much of the agricultural futures complex into the red on Friday. Both countries will retaliate with Canada saying it will be on a dollar-for-dollar basis. One calculation suggests that retaliation by Canada and Mexico could reduce U.S. agricultural exports by up to $30 billion per year. Industry reactions were more muted than would ordinarily be expected for several reasons:

Tariffs are viewed as just Trump’s approach to statecraft for extracting actions or concessions. They are not supposed to last long. Trump aides are said to be looking at several offramps to avo...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed to Lower on Safety Ahead of the Long Weekend

There was both a lot and not much going on this Friday the 13th in November. The fundamentals are unchanged, but some riskier positions were neutralized and some profits taken ahead of the long weekend, with the federal holiday closing down futures markets on Monday. Volume was generally lower,...

President's Day

In observance of Presidents’ Day, both the CME/CBOT and our offices will be closed on Monday, 16 February. The next edition of Ag Perspectives will be published on Tuesday, 17 February...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3175/bushel, up $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.4875/bushel, down $0.0375 from yesterday's close.  Mar 26 Soybeans closed at $11.33/bushel, down $0.0425 from yesterday's close.  Mar 26 Soymeal closed at $309.2/short ton, up $1.3...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed to Lower on Safety Ahead of the Long Weekend

There was both a lot and not much going on this Friday the 13th in November. The fundamentals are unchanged, but some riskier positions were neutralized and some profits taken ahead of the long weekend, with the federal holiday closing down futures markets on Monday. Volume was generally lower,...

President's Day

In observance of Presidents’ Day, both the CME/CBOT and our offices will be closed on Monday, 16 February. The next edition of Ag Perspectives will be published on Tuesday, 17 February...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3175/bushel, up $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.4875/bushel, down $0.0375 from yesterday's close.  Mar 26 Soybeans closed at $11.33/bushel, down $0.0425 from yesterday's close.  Mar 26 Soymeal closed at $309.2/short ton, up $1.3...

Who is Paying for U.S. Tariffs?

Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 percent at the beginning of the year to 13 percent by year-end. It then spiked in April and May, when tariffs on Chinese goods were raised by 125 percentage points, before being reversed by 115 percentage points...

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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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