World Perspectives
feed-grains soy-oilseeds wheat

Moral Reciprocity

President Trump’s tariffs on steel and aluminum imports are mostly pure protectionism. Canada, Brazil and Mexico are the main suppliers, not the state-driven over-production of China. But now the President says he is going to impose reciprocal tariffs, matching dollar for dollar (percent for percent?) what other countries impose on American products. That has the air of equity, a term Mr. Trump does not like in other contexts.   The fact that some countries have higher tariffs and others have lower tariffs is a vestige of larger historical differences between different economies. Former USTR official Mark Linscott blames Trump’s move toward reciprocal tariffs on the 30-year failure of the WTO to get its members to volu...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Sinks on U.S. and Black Sea Rains; Hogs Rally on Pork Demand

Beneficial rains across the U.S. Southern Plains and part of the Black Sea over the weekend put wheat futures in Europe and the U.S. on the defensive to start the week. That acted like a weight on the broader grain markets and helped pull futures lower to start the holiday-shortened week. All t...

MAHA Targets Glyphosate

The seminal report on the state of America’s health, the Make America Healthy Again (MAHA) report, focuses on the environmental exposure to pesticides in the food supply, which the report says is linked to developmental issues and chronic diseases. The report says that 40 percent of child...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.595/bushel, up $0 from yesterday's close.  Jul 25 Wheat closed at $5.285/bushel, down $0.14 from yesterday's close.  Jul 25 Soybeans closed at $10.625/bushel, up $0.0225 from yesterday's close.  Jul 25 Soymeal closed at $296.3/short ton, up $0.1 from yest...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Sinks on U.S. and Black Sea Rains; Hogs Rally on Pork Demand

Beneficial rains across the U.S. Southern Plains and part of the Black Sea over the weekend put wheat futures in Europe and the U.S. on the defensive to start the week. That acted like a weight on the broader grain markets and helped pull futures lower to start the holiday-shortened week. All t...

MAHA Targets Glyphosate

The seminal report on the state of America’s health, the Make America Healthy Again (MAHA) report, focuses on the environmental exposure to pesticides in the food supply, which the report says is linked to developmental issues and chronic diseases. The report says that 40 percent of child...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.595/bushel, up $0 from yesterday's close.  Jul 25 Wheat closed at $5.285/bushel, down $0.14 from yesterday's close.  Jul 25 Soybeans closed at $10.625/bushel, up $0.0225 from yesterday's close.  Jul 25 Soymeal closed at $296.3/short ton, up $0.1 from yest...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 27 May)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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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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