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Market Commentary

The much-anticipated USDA WASDE report contained a lot of red (see table below) but all the major agricultural commodity contracts nonetheless managed to experience a green-light day. Corn, wheat and soybeans were all higher ahead of the report on the White House announcement that it would postpone imposing new tariffs on China. An improved export sales report (see table below), word of more export sales to come (Taiwan and China), plus short-covering helped set the tone for a stronger open ahead of the WASDE report.  The report itself was bullish soybeans, bearish corn and neutral wheat. The weather outlook for finishing the U.S. crop looks positive, but attention remains focused on dryness in some of Brazil’s key soybea...

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 28 April)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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