World Perspectives

Biden Trade Policy; Messaging Food Insecure; PSH without Answers

Biden Trade Policy The Biden Administration’s approach to trade policy continues to be plodding and cautious. After meeting with New Zealand Prime Minister Jacinda Ardern, it was announced that TIFA negotiations would be restarted. However, the Prime Minister thinks that the U.S. belongs in the CPTPP and cautioned that the IPEF (still ill-defined) must “be meaningful.” Then there is the separate IPEF negotiations with Taiwan. Taipei was excluded from the IPEF with 14 other countries because it might upset Beijing, whereas somehow an IPEF agreement directly between the U.S. and Taiwan does not?  Then there is the obligatory references to trade being worker-centric, good for the environment, the climate and gender eq...

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Market Commentary: USDA Reports Offer Few Surprises, Weather Dominates Trade Outlook

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WPI Crop Progress and Conditions App (Updated 30 June)

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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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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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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