World Perspectives

Ad Hoc Farm Bill in the Works?

The current underlying farm bill (extended for a year last year) expires in 13 days. Another extension is likely, but there is also some movement on Capitol Hill to provide some ad hoc assistance with a potential extension.  The 2024 federal fiscal year expires in 13 days. Without funding, the government would shut down. The House Republican leadership put together a stopgap continuing resolution (CR) that would extend current appropriated spending levels for six months until March 2025. Attached to that was the Safeguard American Voter Eligibility (SAVE) Act, which requires documentary proof of U.S. citizenship to vote. It is unclear if it could have any effect by the November election, and it would not survive the Democrat Senate no...

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Mar 26 Corn closed at $4.2175/bushel, down $0.02 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, down $0.025 from yesterday's close.  Mar 26 Soybeans closed at $10.645/bushel, up $0.115 from yesterday's close.  Mar 26 Soymeal closed at $291.4/short ton, down $0.2...

FOB Prices and Freight Rates App (Updated 21 January)

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

Greenland Tweets Sink Macroeconomic Markets, CBOT and Ags Follow

The CBOT started off in risk-off mode Tuesday as rising U.S./EU tensions and odd dynamics in global macroeconomic markets (the rally in Japanese bond yields, in particular) unnerved investors.  The biggest driver of the risk-off trade was President Trump’s continued – and appar...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2175/bushel, down $0.02 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, down $0.025 from yesterday's close.  Mar 26 Soybeans closed at $10.645/bushel, up $0.115 from yesterday's close.  Mar 26 Soymeal closed at $291.4/short ton, down $0.2...

FOB Prices and Freight Rates App (Updated 21 January)

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

Greenland Tweets Sink Macroeconomic Markets, CBOT and Ags Follow

The CBOT started off in risk-off mode Tuesday as rising U.S./EU tensions and odd dynamics in global macroeconomic markets (the rally in Japanese bond yields, in particular) unnerved investors.  The biggest driver of the risk-off trade was President Trump’s continued – and appar...

feed-grains soy-oilseeds wheat

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Mar 26 Corn closed at $4.2375/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.1025/bushel, down $0.0775 from yesterday's close.  Mar 26 Soybeans closed at $10.53/bushel, down $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, up $1.6...

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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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