World Perspectives

Nudge versus Cudgel; New Japanese PM; Pesticide Restrictions

Nudge versus Cudgel The Biden Administration has achieved some market openings in various countries, the most recent being obtaining agreement from Chile to accept American cheese products marked with European origin names like gouda, cheddar, and provolone. Chief Agricultural Negotiator Doug McKalip was in the presidential election battleground state of Wisconsin talking up the accomplishment. He characterized the accomplishments by USTR as “huge” wins. The technical gains are appreciated but nudging trading partners on smaller issues ignores the sector’s desire for free trade agreements. American farmers are losing by not being a part of major agreements like CPTPP. It also ignores the adverse impact of various retalia...

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CFTC COT Report Analysis

Friday’s CFTC report showed funds expanding long positions across the major ag futures contracts for the tenth straight week. Funds added 67,000 contracts (7.7 percent) to their all-ags net long position – nearly doubling the prior week’s purchases - with buying in corn and so...

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Market Commentary: Expected Biofuel Announcement Cannot Dislodge War Worries

Thursday marked the worst day for stocks in weeks despite word on the street to “buy,” since valuations have once again become attractive. But apparently not yet. History suggests a rebound with President Trump politically compelled to dream up some form of policy stimulus on top of...

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Downside Risk for Wheat into 2026/27

The current rally in wheat futures is widely known to be driven by fund buying in response to the conflict in the Middle East. Part of the price gains has also been motivated by concerns for the HRW crop in the U.S. Plains amid dry weather and the strong U.S. wheat export pace to date. What has...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds expanding long positions across the major ag futures contracts for the tenth straight week. Funds added 67,000 contracts (7.7 percent) to their all-ags net long position – nearly doubling the prior week’s purchases - with buying in corn and so...

feed-grains soy-oilseeds wheat

Market Commentary: Expected Biofuel Announcement Cannot Dislodge War Worries

Thursday marked the worst day for stocks in weeks despite word on the street to “buy,” since valuations have once again become attractive. But apparently not yet. History suggests a rebound with President Trump politically compelled to dream up some form of policy stimulus on top of...

wheat

Downside Risk for Wheat into 2026/27

The current rally in wheat futures is widely known to be driven by fund buying in response to the conflict in the Middle East. Part of the price gains has also been motivated by concerns for the HRW crop in the U.S. Plains amid dry weather and the strong U.S. wheat export pace to date. What has...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.62/bushel, down $0.05 from yesterday's close.  May 26 Wheat closed at $6.05/bushel, up $0 from yesterday's close.  May 26 Soybeans closed at $11.5925/bushel, down $0.145 from yesterday's close.  May 26 Soymeal closed at $315.3/short ton, down $6.8 from ye...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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