World Perspectives
farm-inputs

War on Energy and Food

While the price of Brent crude is up 12 percent since Friday, fertilizer has increased 33 percent. Fertilizer values are priced to energy but now seem to be outpacing it. Crop nutrients have been hit by a trifecta of higher energy input costs, soaring demand and low supplies. Agricultural commodity futures were limit up again today and Canada’s Nutrien sees a prolonged disruption due to the war. Together, Russia and Belarus produce nearly 33 percent of global potash, Russia is the world’s top exporter of nitrogen, and it exports 12.7 percent of all phosphates. Moscow could short the market further if it so chooses. Because fertilizer represents 15 percent of production costs, U.S. fertilizer use per acre has declined as farmers...

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feed-grains soy-oilseeds wheat

Market Commentary: Grain Bulls Take a Breather, Livestock Futures Rally on Meat Demand

The CBOT was mostly in the red on Monday, though the weaker trade was primarily from bulls taking a breather after last week’s dramatic rally. After the recent surge in corn, the soy complex, and to a lesser extent wheat futures, the markets were overextended and due for a down day. That...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.85/bushel, down $0.0525 from yesterday's close.  May 25 Wheat closed at $5.475/bushel, down $0.0825 from yesterday's close.  May 25 Soybeans closed at $10.4175/bushel, down $0.01 from yesterday's close.  May 25 Soymeal closed at $297.1/short ton, down $2...

Extreme is Necessary

While most economists and mainstream media outlets are criticizing the Trump tariff war, none are professing that free trade is fair. To quote Bloomberg’s Tyler Cowen, the world trading order is “weighted against the exporting interests of the U.S.” Moreover, it is growing wor...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Bulls Take a Breather, Livestock Futures Rally on Meat Demand

The CBOT was mostly in the red on Monday, though the weaker trade was primarily from bulls taking a breather after last week’s dramatic rally. After the recent surge in corn, the soy complex, and to a lesser extent wheat futures, the markets were overextended and due for a down day. That...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.85/bushel, down $0.0525 from yesterday's close.  May 25 Wheat closed at $5.475/bushel, down $0.0825 from yesterday's close.  May 25 Soybeans closed at $10.4175/bushel, down $0.01 from yesterday's close.  May 25 Soymeal closed at $297.1/short ton, down $2...

Extreme is Necessary

While most economists and mainstream media outlets are criticizing the Trump tariff war, none are professing that free trade is fair. To quote Bloomberg’s Tyler Cowen, the world trading order is “weighted against the exporting interests of the U.S.” Moreover, it is growing wor...

EU and China on EV Tariffs

Yesterday, European Commissioner for Trade and Economic Security, Maros Sefcovic, came to Washington for meetings with U.S. officials. The trip follows comments from Ursula von der Lyden. The European Commission issued an official statement:  "In response to the widespread disruption cause...

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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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