World Perspectives

Trade and Jobs Reports

Now that the Administration’s tariff plans are out, what is happening to the trade deficit? After hitting a record in January, the trade deficit shrank to $122.7 billion in February as exports grew by $8 billion while imports declined slightly. Still, that leaves the monthly trade deficit well above last year as importers continued to act quickly to beat new tariffs.   Even with the slight decline in imports in February, the surge since the start of the year will have a large influence on the calculation of real GDP for Q1 because when it comes to GDP accounting, imports are negative, so they don’t get counted twice in the formula (once as “imports” and once as retail sales.)  As a result of the surge,...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Falling USD, Tariff Pause, and Technical Buying

CBOT futures and ag markets look very different today than they did just one week ago. Last Friday, ag futures were deep in the red with traders exiting positions and engaging in risk-off trade as the outlook for U.S. trade and the global economy seemed far from certain. This week, futures ende...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.9025/bushel, up $0.0725 from yesterday's close.  May 25 Wheat closed at $5.5575/bushel, up $0.1775 from yesterday's close.  May 25 Soybeans closed at $10.4275/bushel, up $0.1375 from yesterday's close.  May 25 Soymeal closed at $299.6/short ton, up $1.7 f...

Budget Reconciliation: A Step Closer to “One Big Beautiful Bill”

Yesterday, the House of Representatives passed a budget bill by a vote of 216 to 214. The two Republican “no” votes were from Thomas Massie of Kentucky and Victoria Spartz of Indiana, neither of which was a surprise. Massie has been a skeptic of the bill all along and Spartz famousl...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Falling USD, Tariff Pause, and Technical Buying

CBOT futures and ag markets look very different today than they did just one week ago. Last Friday, ag futures were deep in the red with traders exiting positions and engaging in risk-off trade as the outlook for U.S. trade and the global economy seemed far from certain. This week, futures ende...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.9025/bushel, up $0.0725 from yesterday's close.  May 25 Wheat closed at $5.5575/bushel, up $0.1775 from yesterday's close.  May 25 Soybeans closed at $10.4275/bushel, up $0.1375 from yesterday's close.  May 25 Soymeal closed at $299.6/short ton, up $1.7 f...

Budget Reconciliation: A Step Closer to “One Big Beautiful Bill”

Yesterday, the House of Representatives passed a budget bill by a vote of 216 to 214. The two Republican “no” votes were from Thomas Massie of Kentucky and Victoria Spartz of Indiana, neither of which was a surprise. Massie has been a skeptic of the bill all along and Spartz famousl...

Tariff War Patience; Self-Sufficiency; Reciprocal Treatment

Tariff War Patience The latest Purdue University-CME Group Ag Economy Barometer survey of farmers fell 12 points or nearly 8 percent on concerns about the trade war’s impact on export markets. Surveys indicate that the American public expects tariffs to raise their cost of living. They al...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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