World Perspectives

Making Sense of the Economy

Q1 GDP growth is expected to be negative, per the Atlanta Fed “GDPNow.” Spending data is still generally positive through January, however, consumer confidence eroded sharply in February. In recent weeks, numerous economic indicators have shown decelerating spending and declining consumer confidence, with the GDPNow readout at negative 2.4 percent. As of 6 March, the Atlanta Fed’s GDPNow model is projecting Q1-25 US GDP to decline by 2.4 percent. Job growth in February was 151,000 new jobs, with the February unemployment rate nudging up to 4.1 percent from 4.0 percent. Wage rates were up 4.7 percent versus a year ago and continued to moderate. The February CPI was up 3 percent versus a year ago, with the PPI up 2.9 percen...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, down $0.0175 from yesterday's close.  Dec 25 Wheat closed at $5.1925/bushel, down $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, up $0.3 fro...

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Market Commentary: Ending on a Sour Note

The weak jobs report sent most economic indices lower, except for gold. The dollar slumped lower despite the increased likelihood of interest rate cuts. Corn, soybeans and some wheat contract teased higher at the start of the session but they couldn’t hold. There was yet another new contr...

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Post-Labor Day Look at Pork and Beef Markets

With Labor Day behind us, here is a look at the meat market going into fall. Total hog slaughter for last week was estimated at 2.391 million head, 1.5 percent lower than a year ago, making this the 15th consecutive week below year ago levels. Seasonal national average weights are starting to t...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.18/bushel, down $0.0175 from yesterday's close.  Dec 25 Wheat closed at $5.1925/bushel, down $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, up $0.3 fro...

feed-grains soy-oilseeds wheat

Market Commentary: Ending on a Sour Note

The weak jobs report sent most economic indices lower, except for gold. The dollar slumped lower despite the increased likelihood of interest rate cuts. Corn, soybeans and some wheat contract teased higher at the start of the session but they couldn’t hold. There was yet another new contr...

livestock

Post-Labor Day Look at Pork and Beef Markets

With Labor Day behind us, here is a look at the meat market going into fall. Total hog slaughter for last week was estimated at 2.391 million head, 1.5 percent lower than a year ago, making this the 15th consecutive week below year ago levels. Seasonal national average weights are starting to t...

feed-grains

WPI U.S. State Corn Yield and Production Forecasts

The size and yield potential of the 2025 U.S. corn crop is of increasing debate and importance with the USDA’s September WASDE – and, more importantly, grain harvest – just around the corner. Much of the focus of recent discussions has been the impact of dryness across parts o...

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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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