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

Summary of Futures

Dec 25 Corn closed at $4.3025/bushel, down $0.1125 from yesterday's close.  Dec 25 Wheat closed at $5.2725/bushel, down $0.085 from yesterday's close.  Jan 26 Soybeans closed at $11.245/bushel, down $0.225 from yesterday's close.  Dec 25 Soymeal closed at $322.5/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Excitement; Over-Reaction, Under-Reaction

Like Lord Tennyson’s troops lined up in the Crimean War, sometimes we are just fodder in the commodity markets. After 40 days and 40 nights of withdrawal from government data reports, we watched as the momentum built for today’s noon EST release of USDA November WASDE report. In the...

Tariff and Macro Policy Change Announcements Coming

U.S. Trade Representative Jamieson Greer said today that the U.S. is readying an announcement to exempt a number of food and agricultural products not produced in the United States from tariffs. The announcement comes after the President mentioned coffee prices as being high, saying that the U...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.3025/bushel, down $0.1125 from yesterday's close.  Dec 25 Wheat closed at $5.2725/bushel, down $0.085 from yesterday's close.  Jan 26 Soybeans closed at $11.245/bushel, down $0.225 from yesterday's close.  Dec 25 Soymeal closed at $322.5/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: Excitement; Over-Reaction, Under-Reaction

Like Lord Tennyson’s troops lined up in the Crimean War, sometimes we are just fodder in the commodity markets. After 40 days and 40 nights of withdrawal from government data reports, we watched as the momentum built for today’s noon EST release of USDA November WASDE report. In the...

Tariff and Macro Policy Change Announcements Coming

U.S. Trade Representative Jamieson Greer said today that the U.S. is readying an announcement to exempt a number of food and agricultural products not produced in the United States from tariffs. The announcement comes after the President mentioned coffee prices as being high, saying that the U...

WPI Grain Transportation Report

Dry-bulk markets were higher last week amid improved freight inquiries, tightening tonnage lists, and traders hoping for increased grain business in late November and early December. Despite hopes to the contrary, there has been essentially no confirmation of any U.S. grain export business to C...

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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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