World Perspectives
farm-inputs

Fertilizer: No Room for Error

There are a lot of uncertainties in the market and ranging from the political like the war, to the mundane such as weather. One variable front and center is fertilizer. It is both essential to crop production, and an environmental externality. The goal of reducing its use has come squarely confronted by its essentialness as prices have risen. The price of nitrogen and wheat yields are highly correlated. However, the relationship of various fertilizers and output are highly variable over time. This is due to improvements in uptake efficiency, plus weather and soil variability. The complexities of its use and efficaciousness should give pause to any meat handed policy approach toward regulating it.  ...

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Livestock Industry Margins

Beef packer margins deteriorated further, falling to -$129/head last week, down $38 from the prior week as a continued seasonal softening in the Choice cutout pressured returns. The cutout declined to $382/cwt, extending its post–Easter pullback, while fed cattle prices held near $248/cwt...

feed-grains soy-oilseeds wheat

Market Commentary: SOH Confusion Persists, but Ags Focus on Weather, Exports

The situation in the Persian Gulf remains as volatile as ever since it started on 28 February with a supposed weekend peace agreement dissolving into the U.S. Navy firing upon an Iranian vessel. The vessel was trying to pass through the Strait of Hormuz and reportedly did not heed commands to h...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.52/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.06/bushel, up $0.0675 from yesterday's close.  May 26 Soybeans closed at $11.6575/bushel, down $0.015 from yesterday's close.  Jul 26 Soymeal closed at $321.2/short ton, down $6 from...

livestock

Livestock Industry Margins

Beef packer margins deteriorated further, falling to -$129/head last week, down $38 from the prior week as a continued seasonal softening in the Choice cutout pressured returns. The cutout declined to $382/cwt, extending its post–Easter pullback, while fed cattle prices held near $248/cwt...

feed-grains soy-oilseeds wheat

Market Commentary: SOH Confusion Persists, but Ags Focus on Weather, Exports

The situation in the Persian Gulf remains as volatile as ever since it started on 28 February with a supposed weekend peace agreement dissolving into the U.S. Navy firing upon an Iranian vessel. The vessel was trying to pass through the Strait of Hormuz and reportedly did not heed commands to h...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.52/bushel, up $0.0325 from yesterday's close.  Jul 26 Wheat closed at $6.06/bushel, up $0.0675 from yesterday's close.  May 26 Soybeans closed at $11.6575/bushel, down $0.015 from yesterday's close.  Jul 26 Soymeal closed at $321.2/short ton, down $6 from...

Aid versus Trade; Idealism versus Competition; AI and Ag; Untethered Presidency

Aid versus Trade Development assistance has a long and unsatisfying history. The causes of poverty were long ago identified as poor governance and the lack of rule of law. But the UN could not criticize the national leaders that form its membership, and so for decades development assistance has...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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