World Perspectives
farm-inputs

Oil Cost and Input Forecast

According to the latest Short Term Energy Outlook (STEO), U.S. petroleum production is forecast to hit 13.41 million barrels per day (bpd) in 2025 due primarily to improved well productivity.  Increased supply will lower prices in 2026 and result in a fall in output to 13.28 million bpd in 2026, which would constitute the first drop in production since 2021, but still higher than the 13.21 million bpd produced in 2024.   U.S. oil demand will increase to 20.4 million bpd in 2025, in line with previous forecasts according to the Energy Information Administration (EIA).  In 2026, oil demand will rise to 20.5 million bpd, versus a previous estimate of 20.4 million bpd.

Sources: EIA, WPI Crude oil production was driven by hi...

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New World Screwworm Facility in the U.S.

In June 2025, Secretary Rollins announced a five-pronged plan to enhance USDA’s ability to detect, control, and eliminate NWS. As part of that announcement, she also shared plans to build a sterile NWS fly dispersal facility in South Texas. That announcement was made on 30 January, when U...

feed-grains soy-oilseeds wheat

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Except for the red-hot soyoil market, the CBOT was mostly lower on Monday, with favorable South American weather and pre-WASDE position adjustment driving the day’s mentality. Corn, wheat, and soybeans all settled slightly lower Monday in either consolidative trade or a continuation of ch...

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Summary of Futures

Mar 26 Corn closed at $4.2875/bushel, down $0.015 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, down $0.01 from yesterday's close.  Mar 26 Soybeans closed at $11.1075/bushel, down $0.045 from yesterday's close.  Mar 26 Soymeal closed at $297.8/short ton, down $5...

New World Screwworm Facility in the U.S.

In June 2025, Secretary Rollins announced a five-pronged plan to enhance USDA’s ability to detect, control, and eliminate NWS. As part of that announcement, she also shared plans to build a sterile NWS fly dispersal facility in South Texas. That announcement was made on 30 January, when U...

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Except for the red-hot soyoil market, the CBOT was mostly lower on Monday, with favorable South American weather and pre-WASDE position adjustment driving the day’s mentality. Corn, wheat, and soybeans all settled slightly lower Monday in either consolidative trade or a continuation of ch...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2875/bushel, down $0.015 from yesterday's close.  Mar 26 Wheat closed at $5.2875/bushel, down $0.01 from yesterday's close.  Mar 26 Soybeans closed at $11.1075/bushel, down $0.045 from yesterday's close.  Mar 26 Soymeal closed at $297.8/short ton, down $5...

livestock

Argentina Beef Imports Outlook for 2026

At the 2026 Cattle Industry Convention, Secretary of Health and Human Services Robert F. Kennedy, Jr., urged producers to expand the beef herd in a “fireside chat” with National Cattlemen’s Beef Association (NCBA) President Buck Wehrbein. Kennedy, however, acknowledged that he...

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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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