World Perspectives

U.S. Talk Representative; EUDR Expansion; Hungary Tanks Innovation; Russia Bolsters CAP

U.S. Talk Representative The Generalized System of Preferences (GSP) that grants duty free access to products from poorer countries expired almost four years ago. The African Growth and Opportunity Act (AGOA), which provides similar nonreciprocal preferential access to the U.S. market but aimed at Sub-Saharan Africa is scheduled to expire in September 2025. There are efforts on Capitol Hill to renew GSP and extend AGOA for another 16-20 years. Those trading under both programs worry about having too many criteria for eligibility and setting the bar on rules of origin too high. However, one complaint is that the Biden Administration is not engaged in either issue. One industry representative suggested that someone needs to put Trade instead...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 21 October. The data are, obviously, delayed due to the 40-day 2025 U.S. government shutdown. While the positions below likely have little influence on today's markets or fund positioning...

FOB Prices and Freight Rates App (Updated 3 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

Market Commentary: Grains Gain on Black Sea Tensions; Cattle Extend Rally

The CBOT initially looked set for a quiet day of post-holiday trade on Tuesday, but that was before Russian President Putin elevated political tensions in the Black Sea region. Putin threatened to increase attacks on Ukraine in response to Ukraine’s recent attacks on Russian tanker vessel...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The following tables/charts reflect the CFTC's latest data release, which covers traders' positions through 21 October. The data are, obviously, delayed due to the 40-day 2025 U.S. government shutdown. While the positions below likely have little influence on today's markets or fund positioning...

FOB Prices and Freight Rates App (Updated 3 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

Market Commentary: Grains Gain on Black Sea Tensions; Cattle Extend Rally

The CBOT initially looked set for a quiet day of post-holiday trade on Tuesday, but that was before Russian President Putin elevated political tensions in the Black Sea region. Putin threatened to increase attacks on Ukraine in response to Ukraine’s recent attacks on Russian tanker vessel...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.5/bushel, up $0.05 from yesterday's close.  Mar 26 Wheat closed at $5.41/bushel, up $0.06 from yesterday's close.  Jan 26 Soybeans closed at $11.2475/bushel, down $0.0325 from yesterday's close.  Jan 26 Soymeal closed at $311.6/short ton, down $3 from yes...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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