World Perspectives

SUR without Mirror Clause; Mexico GM Corn and 2023 Outlook

SUR without Mirror Clause The EU decided this past weekend to exempt agriculture from its revised Emmissions Trading Scheme, for now, but is under increasing pressure to apply mirror clauses. France is now demanding mirror production requirements for products imported from Chile under a new free trade agreement. Full implementation of its pesticide reduction plan would seemingly force a mirror clause, though it will be complicated.  Germany now says it opposes any change to the planned sustainable use of plant protection products (SUR) requirement and it opposes any further review of its impact if it would involve delaying those cuts. Under SUR, each member state gets to choose how it meets the 50 percent reduction requirement. Since...

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CFTC COT Report Analysis

The major finding of Friday’s CFTC report is that funds are increasingly and somewhat aggressively bullish corn as they rapidly expanded a small long into a near-100,000 contract bullish position. Over the period 5 through 12 November, funds bought over 96,000 contracts, which is the 11th large...

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Market Commentary: Today was Green but Headwinds for the Week

Corn, soymeal, live cattle and lean hogs all traded lower during the morning start but by the end of the day, only lean hogs ended lower. There were modest volumes being traded on Friday for most contracts, except feeder cattle where it was nearly double the five-day average.December soymeal hi...

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Export Sales

Export Sales and Shipments for November 1-7, 2024. Wheat: Net sales of 380,100 metric tons (MT) for 2024/2025 were up 1 percent from the previous week, but down 17 percent from the prior 4-week average. Export shipments of 301,300 MT were up 27 percent from the previous week and 5 percent...

feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Market Commentary: Today was Green but Headwinds for the Week

Corn, soymeal, live cattle and lean hogs all traded lower during the morning start but by the end of the day, only lean hogs ended lower. There were modest volumes being traded on Friday for most contracts, except feeder cattle where it was nearly double the five-day average.December soymeal hi...

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Export Sales

Export Sales and Shipments for November 1-7, 2024. Wheat: Net sales of 380,100 metric tons (MT) for 2024/2025 were up 1 percent from the previous week, but down 17 percent from the prior 4-week average. Export shipments of 301,300 MT were up 27 percent from the previous week and 5 percent...

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Cow-Calf Margins Steady in November, Herd Expansion Still Likely

Despite recent decreases in feeder cattle futures and rising feedstuff costs, estimated cow-calf producer margins are largely unchanged from WPI’s October estimate. The stable and positive financial environment means that producers are still facing strong financial incentives to expand the U.S...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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