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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No Trade Bailout; Statements Betray USMCA

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feed-grains soy-oilseeds wheat

Summary of Futures

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Market Commentary: China Buys While Timeline Changes; Wheat Drops on Export Outlook

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FOB Prices and Freight Rates App (Updated 10 December)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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