World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Retaliation Hits as Trade War Deepens Outlook

Many stock market experts this week were advising not to start panic selling, but apparently many did. Major stock indices dropped 6-7 percent. Agricultural commodities are typically the worst hurt in trade wars, and yet the results were mixed (see below). The fundamental questions are how far will the trade war go, and how long will it last? It is a game of chicken. Retaliation Impacts Looking at U.S. export dependencies explains much of the market’s reaction. Focusing just on this week’s announced reciprocal tariffs (ignoring steel, aluminum, autos), China is the biggest market for soybeans and beef, and its announced retaliation will hurt. Plus, three-quarters of U.S. soybean exports go to seven markets facing some of the hig...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6025/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.29/bushel, down $0.07 from yesterday's close.  May 25 Soybeans closed at $9.77/bushel, down $0.345 from yesterday's close.  May 25 Soymeal closed at $283.1/short ton, down $4.9 fro...

FOB Prices and Freight Rates App (Updated 4 April)

Transportation and Freight Market Comments - 4 April 2025 By Matt Herrington Dry-Bulk Ocean Freight Dry-bulk markets saw more support this week with the spot market seeing robust demand as shippers try to get ahead of any Section 301 measures against Chinese vessels. U.S. freight markets are se...

Trade and Jobs Reports

Now that the Administration’s tariff plans are out, what is happening to the trade deficit? After hitting a record in January, the trade deficit shrank to $122.7 billion in February as exports grew by $8 billion while imports declined slightly. Still, that leaves the monthly trade deficit...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6025/bushel, up $0.0275 from yesterday's close.  May 25 Wheat closed at $5.29/bushel, down $0.07 from yesterday's close.  May 25 Soybeans closed at $9.77/bushel, down $0.345 from yesterday's close.  May 25 Soymeal closed at $283.1/short ton, down $4.9 fro...

FOB Prices and Freight Rates App (Updated 4 April)

Transportation and Freight Market Comments - 4 April 2025 By Matt Herrington Dry-Bulk Ocean Freight Dry-bulk markets saw more support this week with the spot market seeing robust demand as shippers try to get ahead of any Section 301 measures against Chinese vessels. U.S. freight markets are se...

Trade and Jobs Reports

Now that the Administration’s tariff plans are out, what is happening to the trade deficit? After hitting a record in January, the trade deficit shrank to $122.7 billion in February as exports grew by $8 billion while imports declined slightly. Still, that leaves the monthly trade deficit...

livestock

Tight Supplies, Strong U.S. Demand to Support Cattle Prices, Despite Trade War

Anyone following the beef and cattle markets recently has seen the volatility that preceded the recent surge to new contract highs, and the lack of consensus in the industry’s outlook. Now, the outlook is further complicated by the tariffs that will be placed on Mexican feeder cattle impo...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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