World Perspectives
feed-grains soy-oilseeds livestock

Border Adjustment Tax Idea Is Fading

Two of the top leaders in Congress, the speaker and the House Ways and Means Committee chairman, are running into stiff opposition to their border adjustment tax.One of the major “American First” issues that emerged with the election of President Trump and from which he has since distanced himself (i.e., labeling China a currency manipulator, reducing support for NATO, etc.) now finds itself withering for lack of support. That is the Border Adjustment Tax (BAT), also called the Destination-Based Cash Flow Tax by House Speaker Paul Ryan (R-Wisconsin) and House Ways and Means Committee Chairman Kevin Brady (R-Texas), the ones carrying the torch on this issue. The Brady-Ryan plan called for: Replacing the corporate income tax with a 20 perc...

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USMCA Review Underway

U.S. trade officials have started the formal review process for the U.S.-Mexico-Canada Agreement (USMCA), inviting public comment ahead of next year's renegotiation of the pact. Under the process, the Office of the U.S. Trade Representative (USTR) will eventually be required to provide reports...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Session and More Ahead

Corn and soybeans traded much the way they did in the overnight session, though wheat posted something of a reversal. There were flash sales of corn to Mexico and Colombia but no new soybeans sales, which was bearish.  Treasury Secretary Scott Bessent, who is reportedly rising as a lead po...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

With China back in the market for U.S. soybeans and soy product margins diverging from recent patterns, soybean crushing margins are again in a state of uncertainty. Volatility in CBOT board soybean crush margins has lessened over the past month with the soybean futures rally being almost equal...

USMCA Review Underway

U.S. trade officials have started the formal review process for the U.S.-Mexico-Canada Agreement (USMCA), inviting public comment ahead of next year's renegotiation of the pact. Under the process, the Office of the U.S. Trade Representative (USTR) will eventually be required to provide reports...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Session and More Ahead

Corn and soybeans traded much the way they did in the overnight session, though wheat posted something of a reversal. There were flash sales of corn to Mexico and Colombia but no new soybeans sales, which was bearish.  Treasury Secretary Scott Bessent, who is reportedly rising as a lead po...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

With China back in the market for U.S. soybeans and soy product margins diverging from recent patterns, soybean crushing margins are again in a state of uncertainty. Volatility in CBOT board soybean crush margins has lessened over the past month with the soybean futures rally being almost equal...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4725/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.4025/bushel, up $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.195/bushel, up $0.0375 from yesterday's close.  Jan 26 Soymeal closed at $311.2/short ton, down $0.1 fr...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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