World Perspectives

Rice as a Stable Crop

Last year, India restricted non-Basmati rice exports believing there would be a weather-related short supply. Production was ample and now the country faces record high inventories that will likely be dumped on the world market. The OECD calculates that Indian farmers are implicitly taxed $120 billion a year due to export restrictions. Dry conditions were expected to impact Indonesia’s rice production, but now the ministry says rice imports may not be needed in 2025. South Korea’s population and rice demand is falling and so Seoul has been incentivizing farmers to grow alternative crops like wheat as an import substitution measure. Rice is not as large a food grain as corn and wheat, but it occupies more emotional importance, especiall...

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Holiday Schedule

Financial markets will be closed on Thursday, 25 December for the Christmas holiday. As a result, there will be no Ag Perspectives report on Thursday. WPI wishes everyone a joyous and safe holiday. WPI will resume operations on Friday, 26 December. Note that Ag Perspectives will be providing ma...

feed-grains soy-oilseeds wheat

Market Commentary: Exports, Conflict, Dry Weather Boost CBOT Before Holiday

The CBOT was mostly higher before the Christmas holiday with grains in the lead, though with each market seeing a different fundamental driver. Wheat futures rallied on the once-again-escalating tensions in the Black Sea and dry weather in the U.S. southern plains that has left the wheat crop v...

FOB Prices and Freight Rates App (Updated 24 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”...

Holiday Schedule

Financial markets will be closed on Thursday, 25 December for the Christmas holiday. As a result, there will be no Ag Perspectives report on Thursday. WPI wishes everyone a joyous and safe holiday. WPI will resume operations on Friday, 26 December. Note that Ag Perspectives will be providing ma...

feed-grains soy-oilseeds wheat

Market Commentary: Exports, Conflict, Dry Weather Boost CBOT Before Holiday

The CBOT was mostly higher before the Christmas holiday with grains in the lead, though with each market seeing a different fundamental driver. Wheat futures rallied on the once-again-escalating tensions in the Black Sea and dry weather in the U.S. southern plains that has left the wheat crop v...

FOB Prices and Freight Rates App (Updated 24 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”...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.51/bushel, up $0.035 from yesterday's close.  Mar 26 Wheat closed at $5.2175/bushel, up $0.0475 from yesterday's close.  Jan 26 Soybeans closed at $10.6325/bushel, up $0.1175 from yesterday's close.  Mar 26 Soymeal closed at $308.1/short ton, up $3.9 from...

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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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