World Perspectives
softs

Sugar Price Response

The March 2025 No. 11 sugar contract rebounded last week but it is still down over 20 percent from its high. Analysts started the year expecting sugar prices to rise this year on short supplies. The International Sugar Organization is still warning of a net deficit once global consumption is subtracted from production. Carryout has declined over the past four years and is at a 13-year low. Stocks to use are down to just over 20 percent. It doesn’t help that number three exporter India has had export restrictions. But the two major suppliers have responded to the price incentives. Brazil supplies over half of all traded sugar and its farmers expanded area. There is also less sugar being used as ethanol feedstock. Production is down fr...

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livestock

Livestock Industry Margins

Beef packer margins fell over $100/head for the second straight week to hit - $151/head, which is among the worst margins in the past decade. The culprit for weaker margins was an $11/cwt pullback in the Choice cutout and other beef values while fed cattle prices were steady/slightly higher. Pa...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and Livestock Take Diverging Paths

Grain and oilseed markets pulled back to start the week after favorable showers fell across the U.S. over the weekend. The moisture revived crop prospects and offered a meaningful buffer ahead of some heat that will build over parts of the Midwest this week. The weather outlook was enough to st...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 21 July)

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...

livestock

Livestock Industry Margins

Beef packer margins fell over $100/head for the second straight week to hit - $151/head, which is among the worst margins in the past decade. The culprit for weaker margins was an $11/cwt pullback in the Choice cutout and other beef values while fed cattle prices were steady/slightly higher. Pa...

feed-grains soy-oilseeds wheat

Market Commentary: Grains and Livestock Take Diverging Paths

Grain and oilseed markets pulled back to start the week after favorable showers fell across the U.S. over the weekend. The moisture revived crop prospects and offered a meaningful buffer ahead of some heat that will build over parts of the Midwest this week. The weather outlook was enough to st...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 21 July)

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...

Ten Days and Counting

Outside markets are counting on trade deals or another TACO (Trump Always Chickens Out) come 1 August. Since the 7 July announcement of the small window to negotiate trade deals with Washington, The Dow is down 0.17 percent, but the S&P 500 is up 1.22 percent, and the tech-heavy Nasdaq has...

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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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