World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Tariffs, WASDE, Fundamentals and Mixed Markets

Tariffs are down for many countries other than China, but they have not gone away. Yesterday’s market exuberance over the temporary pause was just a sugar high and reality returned on Thursday. The better-than-expected decline in inflation (CPI) in March wasn’t enough for outside markets and traders paired back bets. Unlike tariffs or CPI, the April WASDE report was not expected to move markets. It certainly did not move them in any unexpected way since the report itself was within the market’s expected range.   USDA had not changed the U.S. corn ending stocks number since January. It needed to increase the export number, which should trail back into ending stocks, and it did both. Following are some notable take...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Falling USD, Tariff Pause, and Technical Buying

CBOT futures and ag markets look very different today than they did just one week ago. Last Friday, ag futures were deep in the red with traders exiting positions and engaging in risk-off trade as the outlook for U.S. trade and the global economy seemed far from certain. This week, futures ende...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.9025/bushel, up $0.0725 from yesterday's close.  May 25 Wheat closed at $5.5575/bushel, up $0.1775 from yesterday's close.  May 25 Soybeans closed at $10.4275/bushel, up $0.1375 from yesterday's close.  May 25 Soymeal closed at $299.6/short ton, up $1.7 f...

Budget Reconciliation: A Step Closer to “One Big Beautiful Bill”

Yesterday, the House of Representatives passed a budget bill by a vote of 216 to 214. The two Republican “no” votes were from Thomas Massie of Kentucky and Victoria Spartz of Indiana, neither of which was a surprise. Massie has been a skeptic of the bill all along and Spartz famousl...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Falling USD, Tariff Pause, and Technical Buying

CBOT futures and ag markets look very different today than they did just one week ago. Last Friday, ag futures were deep in the red with traders exiting positions and engaging in risk-off trade as the outlook for U.S. trade and the global economy seemed far from certain. This week, futures ende...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.9025/bushel, up $0.0725 from yesterday's close.  May 25 Wheat closed at $5.5575/bushel, up $0.1775 from yesterday's close.  May 25 Soybeans closed at $10.4275/bushel, up $0.1375 from yesterday's close.  May 25 Soymeal closed at $299.6/short ton, up $1.7 f...

Budget Reconciliation: A Step Closer to “One Big Beautiful Bill”

Yesterday, the House of Representatives passed a budget bill by a vote of 216 to 214. The two Republican “no” votes were from Thomas Massie of Kentucky and Victoria Spartz of Indiana, neither of which was a surprise. Massie has been a skeptic of the bill all along and Spartz famousl...

Tariff War Patience; Self-Sufficiency; Reciprocal Treatment

Tariff War Patience The latest Purdue University-CME Group Ag Economy Barometer survey of farmers fell 12 points or nearly 8 percent on concerns about the trade war’s impact on export markets. Surveys indicate that the American public expects tariffs to raise their cost of living. They al...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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