World Perspectives
wheat

WASDE Wheat

USDA’s outlook for the domestic wheat crop in 2022/23 in unchanged in the September WASDE. The projected 2022/23 seasonal average farm price is lowered $0.25 per bushel to $9.00 – which is still a record. The estimate for global supplies was increase by 3.6 million tons to 1,059.6 million, as production increases for Russia and Ukraine more than offset a decline in beginning stocks.  ...

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Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Mostakbal Misr (Future of Egypt) may not be able to buy grain from Ukraine as it could be added to the blacklist. Ukraine says that the company has purchased wheat from Russia that was harvested in Russia occupied ar...

livestock

Livestock Industry Margins

Beef packer margins fell $68/head last week and marked the third straight week of declines to end near -$220, which is back among the worst margins in the past decade. The culprit for weaker margins was an $6/cwt pullback in the Choice cutout and broader beef markets while fed cattle prices ral...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Overrides Trade Deal; Cattle Hit New Highs on Tight Inventories

The big news for Monday’s ag market trade wasn’t the U.S.-EU trade deal, but rather continued favorable weather in the U.S. Midwest that will boost corn and soybean yield potential to record or near-record levels. The weather has private analysts boosting yield expectations by sever...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Mostakbal Misr (Future of Egypt) may not be able to buy grain from Ukraine as it could be added to the blacklist. Ukraine says that the company has purchased wheat from Russia that was harvested in Russia occupied ar...

livestock

Livestock Industry Margins

Beef packer margins fell $68/head last week and marked the third straight week of declines to end near -$220, which is back among the worst margins in the past decade. The culprit for weaker margins was an $6/cwt pullback in the Choice cutout and broader beef markets while fed cattle prices ral...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Overrides Trade Deal; Cattle Hit New Highs on Tight Inventories

The big news for Monday’s ag market trade wasn’t the U.S.-EU trade deal, but rather continued favorable weather in the U.S. Midwest that will boost corn and soybean yield potential to record or near-record levels. The weather has private analysts boosting yield expectations by sever...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 28 July)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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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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