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Grain is Out, Veggies are In

Some members of the U.S. Congress want more support going to fruits and vegetables. They note that the overwhelming majority of farm bill income support and risk management subsidies go to grains and oilseeds. California dominates U.S. production of fruits and vegetables, accounting for 70 percent of the total, with other Western states like Washington, Oregon and Arizona also specializing in these crops. More could be grown in the Midwest. U.S. production of vegetables is declining (see below). Production of non-citrus fruits increased in 2021 but fell again in 2022. Meanwhile, imports of fruits and vegetables are increasing, mostly from Mexico and the north and western parts of South America. Imports from Mexico are up 12.5 percent over...

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Market Commentary: Plenty of Risk, Not Enough Conviction

Key Market Insights Markets aren’t trading fundamentals right now—they’re pricing risk. The Middle East remains the center of gravity, and the latest developments point to a situation that is not escalating—but not resolving either. That’s a difficult environment...

Functional Dysfunction; Out of the Frying Pan

Functional Dysfunction  Europe has contended that Donald Trump’s attempt to address the decades-long harm caused by Iran’s theocratic regime is “not our war.” The Continent is in an expensive energy crisis because of the Iran war, but moral angst is the only respons...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5425/bushel, up $0.005 from yesterday's close.  Jul 26 Wheat closed at $6.07/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.645/bushel, down $0.1 from yesterday's close.  Jul 26 Soymeal closed at $316.3/short ton, down $4.9 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Plenty of Risk, Not Enough Conviction

Key Market Insights Markets aren’t trading fundamentals right now—they’re pricing risk. The Middle East remains the center of gravity, and the latest developments point to a situation that is not escalating—but not resolving either. That’s a difficult environment...

Functional Dysfunction; Out of the Frying Pan

Functional Dysfunction  Europe has contended that Donald Trump’s attempt to address the decades-long harm caused by Iran’s theocratic regime is “not our war.” The Continent is in an expensive energy crisis because of the Iran war, but moral angst is the only respons...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5425/bushel, up $0.005 from yesterday's close.  Jul 26 Wheat closed at $6.07/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.645/bushel, down $0.1 from yesterday's close.  Jul 26 Soymeal closed at $316.3/short ton, down $4.9 fr...

FOB Prices and Freight Rates App (Updated 22 April)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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