World Perspectives

January Consumer Spending Up, Money Supply Down

The M2 money supply for January decreased for the second consecutive month.  M2 is the amount of cash, held by banks, travelers’ checks, savings deposits, and retail money market accounts; in short it is the liquid money in the economy and used as a measure of money stocks. During the 2020 COVID pandemic and into 2021, relief payments made M2 explode. In February of 2021, M2 grew 27 percent.   Today’s report showed that M2 contracted 1.7 percent from its year ago level; this follows December’s 1.12 percent year-over-year drop. Today’s report signaled the largest decline and the only consecutive month decline since records began in 1959. Couple this with higher interest rates which are increasing the...

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Old World Order; People Not Plants; Tariff Refunds

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May 26 Corn closed at $4.4375/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.6825/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.695/bushel, down $0.01 from yesterday's close.  May 26 Soymeal closed at $309.9/short ton, down $...

feed-grains soy-oilseeds wheat

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FOB Prices and Freight Rates App (Updated 4 March)

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

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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