World Perspectives

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USDA/FAS reports that excessive rains hit Chile earlier this year and damaged a wide swath of that country’s grape crop. What is notable is the concentration of global grape trade by some of the world’s smaller producers of grapes. Six countries (Chile, Peru, South Africa, United States, Mexico, and Australia) that fall into the category of so-called New World suppliers of grapes and grape products represent just 12.6 percent of global production. Yet those same six countries fulfill 58 percent of all global grape trade.  Disparate dominance between production and exports is not unique. China is the largest producer but has 18 percent of the world’s consumers. Chile typically has a perfect climate for grape productio...

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Market Commentary: Oil and Iran Conflict Still in Drivers’ Seat, but This Time Creating Pressure

Volatility has been no stranger to the CBOT these past three weeks, and the one consistency during this time has been the dramatic coupling of ag markets’ fortunes to the foibles of crude oil. That was again true on Monday, but this time crude oil offered a bearish – rather than sup...

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Summary of Futures

May 26 Corn closed at $4.595/bushel, down $0.06 from yesterday's close.  May 26 Wheat closed at $5.8775/bushel, down $0.075 from yesterday's close.  May 26 Soybeans closed at $11.635/bushel, up $0.0225 from yesterday's close.  May 26 Soymeal closed at $326.6/short ton, down $1.4...

feed-grains soy-oilseeds wheat

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War in Iran Taking Toll on Meat Exports Globally and U.S. Agriculture

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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