The see-sawing this week over the war reflects the folly of buying the rumor. Hopes that Vladimir Putin will end the war ended after he said he would continue pursuing Ukrainian “traitors and western aligned scum.” Given his long history of misleading, no one should have been selling wheat like they did yesterday. The selling was so deep that the trading limit for SRW and HRW was moved up to $1.30 for today’s trading, but it wasn’t necessary. Wheat is back net higher for the past five days’ trading, while soybeans and corn are down slightly.
Volume was not very large today, indicating a possible consensus about true value, or complete cluelessness. USDA’s Export Sales report this mo...
What You Need to Know Today: The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...
A total of 79,000 cows has been added to the dairy herd since last December, which compares to 81,000 head added to the dairy herd over the same period in 2025. This similarity in herd expansion numbers in early 2025 and 2026 has kept dairy cow slaughter at the same level in each of the two yea...
Responsible Use of AI WPI does not have an encyclical on AI but since it employs real human analysts there is a view towards the technology. In short, it is a tool that should be used responsibly. AI analysis is not bad unless it is the default. It has advanced to the point that it is no longer...
