World Perspectives

Debt Ceiling Update and Ag Appropriations

The debt ceiling and budget agreement talks between Congress and the White House resumed yesterday, after a Sunday phone call between President Biden, as he was returning from Japan, and House Speaker Kevin McCarthy (D-California). Talks wrapped up around midnight on Monday. No deal has been reached, but both sides struck an optimistic tone that progress is being made. As President Biden said, both sides agree that “default is not really on the table” and mentioned in a press conference in Japan that he would agree to spending cuts, but not solely on Republicans’ “partisan terms” and that they’d have to move from their “extreme position.” McCarthy said, “We’re going to find a basel...

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On the campaign trail in 2024, then-candidate and now President-elect Donald Trump proposed to levy tariffs of 10 to 20 percent on all imports, and 60 percent on imports from China. Then on the week of Thanksgiving, that changed to 25 percent tariffs on Canada and Mexico, and an additional 10 p...

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Corn opened lower but managed a quarter penny higher close, and hogs tried to follow cattle higher at the open but ended lower for a third session in a row, but the rest of the pack ended the day where it started with equally small changes.Fundamentals are helping corn, wheat and cattle, and so...

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Summary of Futures

Mar 25 Corn closed at $4.58/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.425/bushel, up $0.02 from yesterday's close. Mar 25 Soybeans closed at $9.9725/bushel, down $0.005 from yesterday's close. Mar 25 Soymeal closed at $303.5/short ton, down $3.8 from ye...

Trudeau Resigns as Canadian Prime Minister

On the campaign trail in 2024, then-candidate and now President-elect Donald Trump proposed to levy tariffs of 10 to 20 percent on all imports, and 60 percent on imports from China. Then on the week of Thanksgiving, that changed to 25 percent tariffs on Canada and Mexico, and an additional 10 p...

feed-grains soy-oilseeds wheat

Market Commentary: No Major Swings on More Positioning Ahead of WASDE

Corn opened lower but managed a quarter penny higher close, and hogs tried to follow cattle higher at the open but ended lower for a third session in a row, but the rest of the pack ended the day where it started with equally small changes.Fundamentals are helping corn, wheat and cattle, and so...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.58/bushel, up $0.0025 from yesterday's close. Mar 25 Wheat closed at $5.425/bushel, up $0.02 from yesterday's close. Mar 25 Soybeans closed at $9.9725/bushel, down $0.005 from yesterday's close. Mar 25 Soymeal closed at $303.5/short ton, down $3.8 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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