World Perspectives

SUR without Mirror Clause; Mexico GM Corn and 2023 Outlook

SUR without Mirror Clause The EU decided this past weekend to exempt agriculture from its revised Emmissions Trading Scheme, for now, but is under increasing pressure to apply mirror clauses. France is now demanding mirror production requirements for products imported from Chile under a new free trade agreement. Full implementation of its pesticide reduction plan would seemingly force a mirror clause, though it will be complicated.  Germany now says it opposes any change to the planned sustainable use of plant protection products (SUR) requirement and it opposes any further review of its impact if it would involve delaying those cuts. Under SUR, each member state gets to choose how it meets the 50 percent reduction requirement. Since...

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Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers

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Bearish Sugar Prices to Continue Despite Production Increases

The U.S. 2025/26 sugar supply is forecast at 14.119 million short tons, raw value (STRV), down 1,800 STRV from November as the decrease in expected imports of refined organic and specialty sugar, which pays the high tier, out of quota duty, more than offsets the increase in beginning stocks and...

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Summary of Futures

Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

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Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers

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Bearish Sugar Prices to Continue Despite Production Increases

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Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

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European Market Analysis

Regional News  Farmer selling stayed limited across much of Europe last week as low flat prices, year-end cash-flow planning, and holiday-period logistics reduced the appetite to move tonnage. The practical impact was a thinner spot market: bids softened on paper, but physical values in se...

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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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