World Perspectives

Updating Base Acres Under ARC and PLC

As WPI has reported periodically, there are several policy requests for the Title I programs under the new farm bill. Most of them would add costs, such as more funding for crop insurance, higher reference prices under the Price Loss Coverage (PLC) program, and changes to the coverage of the Ag Risk Coverage (ARC) program including raising the cap for payments, currently at 10 percent of a county’s benchmark, and increasing the coverage level above the current 86 percent of the county revenue. The biggest surprise, however, is the National Corn Growers Association (NCGA) proposal released in July to update base acres. Taken by itself, it could result in lower program support. In combination with other changes, it could be more costly...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4575/bushel, down $0.0025 from yesterday's close.  Mar 26 Wheat closed at $5.1725/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.625/bushel, up $0.0125 from yesterday's close.  Mar 26 Soymeal closed at $303.7/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Holding Breath for Monday’s WASDE

As expected, it was a lower volume trading day ahead of likely market moving USDA reports on Monday. The exceptions were HRS and lean hogs. There were also generally lower trading ranges. The soybean complex traded higher on strength in coproducts but the rest of the board was mostly in the red...

livestock

New World Screw Worm: A Threat to Dairy?

The dairy industry continues to evolve, though it is facing new challenges. Through September, milk production is up 97 pounds per head in 2025 over 2024 and has increased steadily for several years. Further, there is a migration in dairy cows, with the southern plains growing in cow numbers. T...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4575/bushel, down $0.0025 from yesterday's close.  Mar 26 Wheat closed at $5.1725/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.625/bushel, up $0.0125 from yesterday's close.  Mar 26 Soymeal closed at $303.7/short ton, up $0...

feed-grains soy-oilseeds wheat

Market Commentary: Holding Breath for Monday’s WASDE

As expected, it was a lower volume trading day ahead of likely market moving USDA reports on Monday. The exceptions were HRS and lean hogs. There were also generally lower trading ranges. The soybean complex traded higher on strength in coproducts but the rest of the board was mostly in the red...

livestock

New World Screw Worm: A Threat to Dairy?

The dairy industry continues to evolve, though it is facing new challenges. Through September, milk production is up 97 pounds per head in 2025 over 2024 and has increased steadily for several years. Further, there is a migration in dairy cows, with the southern plains growing in cow numbers. T...

livestock

Where is the Hog Market Headed? Rosy Early Outlook for 2026.

Lean hog futures saw an unexpected rally to conclude 2025 with the market rebounding from an autumn selloff. The rebound was sufficiently strong to push deferred futures to new contract highs and nearby contracts just a few dollar shy of their contract highs. Despite this futures rally, physica...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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