World Perspectives

Lopsided WTO Proposal; Never Again

Lopsided WTO Proposal A new proposal for WTO disciplines on agriculture subsidies is correct in one respect but lopsided in other ways. The International Institute for Sustainable Development and the International Food Policy Research Institute focus on helping developing countries and so its proposal for disciplining domestic agricultural supports is lopsided in that way. It notes that the U.S. and EU have historically been the largest subsidizers, but it ignores that they are also the most open and largest importers of agricultural products. These rich players use subsidies instead of border measures to support farmers while developing countries can’t afford subsidies and so they use border measures. It is not an either-or scenario...

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European Market Analysis

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CFTC COT Report Analysis

Friday’s CFTC report showed that funds are slightly increasing bullish bets across the ag space, primarily in the soy complex and livestock futures. Managed money traders’ net ag position (the combined position across the soybean complex, the three U.S. wheat contracts, corn, and th...

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Market Commentary: No Raucous End to the Week

With no new input on fundamentals, traders passively went through the day making only minor changes. Monday’s crop progress report will provide some input, and especially focus on the May 12 WASDE. It will be the first keen look at the balance sheets for MY 2025/26.  It was the fifth...

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North Dakota and Glyphosate

Bayer CEO Bill Anderson averred in a recent Wall Street Journal interview that the company will make a decision “in months” - not years – whether it will remain the only domestic producer of glyphosate in the U.S. Anderson became CEO in 2023 and at the time promised to have th...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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