World Perspectives

Policy Shorts

Jones Act: The EU is correctly arguing that the Jones Act, an American law restricting intra-U.S. shipping be restricted to domestically built and operated ships is trade distorting. Washington argues its original purpose, to ensure the supply of domestic ships for national security, remains a fact. Europe would have more of a case if it contributed more to keeping global shipping lanes free. Despite its large economy, EU based navies retain two-thirds less tonnage than the U.S. Navy. They operate no cruisers or destroyers and have very few blue water ships. Hardly a strong position to be arguing against a U.S. defense policy that spares Europe the cost.  China Message: U.S. Treasury Secretary Janet Yellen says she will go to China ag...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.455/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.2475/bushel, up $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.7775/bushel, up $0.0525 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $1.4 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Tax Credit Hopes Bouy Soyoil; Wheat Gains on Weather; Cattle Turn Bearish

Weather and Congressional tax policy were at the forefront of futures traders’ minds on Wednesday and these two factors drove much of the day’s price action. The weather outlooks – favorable for the Corn Belt and dry for the Southern Plains, Europe, and Black Sea – creat...

Pesticide Assault; WTO Attacks U.S.; African Future

Pesticide Assault The Wall Street Journal reported that RFK, Jr.’s intent to ban all pesticides is running into opposition from other officials in the Trump Administration. His critics worry that removing pesticides will drive up food costs and know that inflation is a key consumer concer...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.455/bushel, up $0.03 from yesterday's close.  Jul 25 Wheat closed at $5.2475/bushel, up $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.7775/bushel, up $0.0525 from yesterday's close.  Jul 25 Soymeal closed at $291.9/short ton, down $1.4 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Tax Credit Hopes Bouy Soyoil; Wheat Gains on Weather; Cattle Turn Bearish

Weather and Congressional tax policy were at the forefront of futures traders’ minds on Wednesday and these two factors drove much of the day’s price action. The weather outlooks – favorable for the Corn Belt and dry for the Southern Plains, Europe, and Black Sea – creat...

Pesticide Assault; WTO Attacks U.S.; African Future

Pesticide Assault The Wall Street Journal reported that RFK, Jr.’s intent to ban all pesticides is running into opposition from other officials in the Trump Administration. His critics worry that removing pesticides will drive up food costs and know that inflation is a key consumer concer...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.425/bushel, down $0.055 from yesterday's close.  Jul 25 Wheat closed at $5.1725/bushel, up $0.02 from yesterday's close.  Jul 25 Soybeans closed at $10.725/bushel, up $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $293.3/short ton, down $4.8 fr...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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