World Perspectives

Trade Deficit Shrinks, Fed Cuts Federal Funds Rate at December

The U.S. trade deficit narrowed unexpectedly to $52.8 billion in September, the smallest since mid-2020. The decline in the deficit was due to a large increase in exports, which rose $8.4 billion. Imports were up a more modest $1.9 billion.  The President may see this as a win, as the core aim of Trump’s trade agenda has been straightforward: fewer imports and more domestic production. But whether that’s what we’re actually seeing is far less certain. Focusing on the total volume of trade, imports plus exports, shows the extent of business and consumer interaction across the US border. This measure grew by $10.3 billion in September but is up only 0.4 percent in the past year, and down 10.3 percent from the peak hit...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4075/bushel, down $0.0575 from yesterday's close.  Mar 26 Wheat closed at $5.2925/bushel, down $0.0425 from yesterday's close.  Jan 26 Soybeans closed at $10.7675/bushel, down $0.1675 from yesterday's close.  Jan 26 Soymeal closed at $302.5/short ton, up...

feed-grains soy-oilseeds wheat

Export Sales

U.S. Export Sales and Shipments for the week ending Nov 13, 2025...

WPI Grain Transportation Report

Dry-bulk markets were softer last week with Capesize markets seeing weaker interest from East Australia and other Pacific locales. Traders are describing spot tonnage in the Pacific as “abundant”, a mentality that is pressuring rates. Similarly, demand for C3 ex Brazil and West Afri...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4075/bushel, down $0.0575 from yesterday's close.  Mar 26 Wheat closed at $5.2925/bushel, down $0.0425 from yesterday's close.  Jan 26 Soybeans closed at $10.7675/bushel, down $0.1675 from yesterday's close.  Jan 26 Soymeal closed at $302.5/short ton, up...

feed-grains soy-oilseeds wheat

Export Sales

U.S. Export Sales and Shipments for the week ending Nov 13, 2025...

WPI Grain Transportation Report

Dry-bulk markets were softer last week with Capesize markets seeing weaker interest from East Australia and other Pacific locales. Traders are describing spot tonnage in the Pacific as “abundant”, a mentality that is pressuring rates. Similarly, demand for C3 ex Brazil and West Afri...

feed-grains soy-oilseeds wheat

WPI Quarterly Grain Balance Sheets

Following the December WASDE report from Tuesday, WPI has updated our corn, wheat, and soybean supply and use models to examine market trends for the rest of MY 2025/26. Current indications for U.S. grain complex point to uneven fundamentals across these crops, particularly in terms of global e...

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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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