World Perspectives
wheat

WASDE Wheat

WASDE WHEAT:  USDA increased their estimate for 2024/25 global wheat supplies by 1.5 million tons to 1,062.1 million as higher beginning stocks were more than offset by lower production. World wheat trade is raised 1.7 million tons to 216.5 million as higher exports for Australia, Canada, and Ukraine more than offset the reduction for the EU. The projected seasonal-average U.S. farm price remains at $5.70 per bushel...

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 24 November)

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...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2375/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.3475/bushel, down $0.05 from yesterday's close.  Jan 26 Soybeans closed at $11.2325/bushel, down $0.0175 from yesterday's close.  Jan 26 Soymeal closed at $318.3/short ton, down...

livestock

Shuttering Beef Plants

Tyson Foods announced it will shut one large beef plant and slow down another.  The facility shutdown is in Lexington, Nebraska and the plant that will experience a slowdown is in Amarillo, Texas, which will run just one shift per week.  The move to “right-size” the compan...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 24 November)

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...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2375/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.3475/bushel, down $0.05 from yesterday's close.  Jan 26 Soybeans closed at $11.2325/bushel, down $0.0175 from yesterday's close.  Jan 26 Soymeal closed at $318.3/short ton, down...

livestock

Shuttering Beef Plants

Tyson Foods announced it will shut one large beef plant and slow down another.  The facility shutdown is in Lexington, Nebraska and the plant that will experience a slowdown is in Amarillo, Texas, which will run just one shift per week.  The move to “right-size” the compan...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

WHEAT The Argentine wheat harvest advanced 3.8 percentage points this week, bringing total progress to 20 percent of the area. Yields continued to perform well, and given tight margins after recent price declines, most harvested volumes exceeded breakeven levels. In the core production region,...

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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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