World Perspectives

Offense is Defense; Gas Emergency; Pesky Bureaucracy

Offense is Defense USTR Katherine Tai knew that she would be facing some strong agriculture voices when she appears this week before the House and Senate committees overseeing her work. Rep. Adrian Smith (R-Nebraska) had already sent a letter demanding to know why more than a year after President Biden took office, there is still no nominee to lead the trade desk at USDA, and there is no chief agriculture negotiator at USTR. Thus, despite agriculture being a smaller industry her remarks this week lead with specific examples of what has been accomplished thus far for farm exports: Japan has increased its beef safeguard trigger level Section 232 tariffs and their associated retaliation against U.S. agriculture have been removed India ha...

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Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0425 from yesterday's close.  Sep 25 Wheat closed at $5.4125/bushel, up $0.0325 from yesterday's close.  Nov 25 Soybeans closed at $10.205/bushel, up $0.1875 from yesterday's close.  Dec 25 Soymeal closed at $283.5/short ton, up $4 from y...

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Market Commentary: Three-Factor Rally for Soy Complex; Corn Extends Gains

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Ups and Downs in EU AG; Brazil Targeted

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Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0425 from yesterday's close.  Sep 25 Wheat closed at $5.4125/bushel, up $0.0325 from yesterday's close.  Nov 25 Soybeans closed at $10.205/bushel, up $0.1875 from yesterday's close.  Dec 25 Soymeal closed at $283.5/short ton, up $4 from y...

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Black Sea Regional Analysis

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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