World Perspectives

Trade Deadline Extended, Threats Sharpened; African Moves; WTO Reforms

Trade Deadline Extended, Threats Sharpened President Trump announced that the 9 July deadline for trade agreements with the U.S. to avoid reciprocal tariffs will be extended to 1 August. Eighteen countries are being targeted for trade negotiations, and a smaller subset received letters today on the extension and the general demand for concessions.  The EU is pushing for an agreement yet this week despite the extension, perhaps seeing more favorable terms for those being less difficult. Japan has been called “difficult” and the threatened reciprocal tariff was raised slightly. South Korea is suggesting it could soften plans to regulate U.S. technology, but like many countries it is begging to protect its agriculture sector.&...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 6-12, 2026. Wheat: Net sales of 189,900 metric tons (MT) for 2025/2026 were down 58 percent from the previous week and 36 percent from the prior 4-week average. Export shipments of 383,100 MT were down 11 percent from the previous week and 7 percent from the...

feed-grains soy-oilseeds biofuel

45Z: The Next Big Thing or the Next Big Mess?

The U.S. Treasury Department is (still!) working on the Section 45Z Clean Fuel Production Tax Credit.  The broad legislative effort for the act was launched in President Biden’s Inflation Reduction Act and picked up with some significant adjustments in President Trump’s One Big...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for March will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.5 million head. The pre-report estimates were spl...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for March 6-12, 2026. Wheat: Net sales of 189,900 metric tons (MT) for 2025/2026 were down 58 percent from the previous week and 36 percent from the prior 4-week average. Export shipments of 383,100 MT were down 11 percent from the previous week and 7 percent from the...

feed-grains soy-oilseeds biofuel

45Z: The Next Big Thing or the Next Big Mess?

The U.S. Treasury Department is (still!) working on the Section 45Z Clean Fuel Production Tax Credit.  The broad legislative effort for the act was launched in President Biden’s Inflation Reduction Act and picked up with some significant adjustments in President Trump’s One Big...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for March will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.5 million head. The pre-report estimates were spl...

feed-grains soy-oilseeds wheat

Summary of Futures

Please see the attached summary sheet - page one: ...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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