Wheat - USDA’s April 2025 estimates are for increased U.S. wheat imports by 10 million bushels to 150 million - the largest since 2017/18. Domestic consumption is forecast 2 million bushels lower on reduced seed use. U.S. wheat exports are lowered 15 million bushels to 820 million. As a result, projected 2024/25 ending stocks are raised 27 million bushels to 846 million, 22 percent above the previous year. The season average farm price is unchanged at $5.50 per bushel. Global wheat stocks for 2024/25 are the lowest since 2015/16. ...
Early Sunday evening, President Trump and Iranian officials confirmed the two countries have agreed to a peace deal. The agreement notes the Strait of Hormuz will be reopened (though President Trump cautioned time would be needed “for purposes of mine removal”) and the U.S. bl...
What You Need to Know Today: It was a quiet trading day across major agricultural commodities, with most contracts closing within 1 percent of the previous day's settlement. Trading volumes for corn and the soy complex were lighter than earlier in the week, as traders were positioning before a...
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.