World Perspectives

Coronavirus Complicated Economy

On Wednesday 4 March, USDA Secretary Perdue testified before the House Agriculture Committee on the state of the farm economy, following are a few highlights: Production and input expenses (adjusted for inflation) are expected to increase year over year for the first time since 2014. Farm debt is projected to grow to $425 billion, with about 62 percent ($265 billion) in real estate and about 38 percent ($160 billion) in non-real estate.  Debt to equity forecast to be at 13.59 in 2020 – the highest level since 2003. Cash income is expected to drop in 2020; but that is based in part on higher cash income levels in 2019 from marketing crop inventories due to lower production. In all, it is a tenuous economic...

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Vietnam Deal; EU Green Targets

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Summary of Futures

Sep 25 Corn closed at $4.18/bushel, up $0.12 from yesterday's close.  Sep 25 Wheat closed at $5.64/bushel, up $0.15 from yesterday's close.  Nov 25 Soybeans closed at $10.48/bushel, up $0.2075 from yesterday's close.  Dec 25 Soymeal closed at $290.8/short ton, up $3.2 from yester...

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FOB Prices and Freight Rates App (Updated 2 July)

WPI Grain Prices and Freight Rate App  **** Note: After our recent website update, we're having difficulty correctly linking the app to this page. Until we get this fixed, please visit the app directly via the link below. ***  https://worldperspectives.shinyapps.io/Combined_FOB_Price_...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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