World Perspectives
wheat

Wheat Predator to Protectionist

Back in January, U.S. wheat growers were demanding that USTR file a WTO case against India for exceeding its de minimis limit of subsidies capped at 10 percent of the value of wheat production. The demand was presaged by a U.S. government counternotification to the WTO that New Delhi had substantially underreported its subsidies for wheat. In fact, up to half the value of the wheat crop was subsidized and new fertilizer subsidies were being introduced.  Then Russia invaded Ukraine and the supply of the world’s most popular food grain was threatened. Those concerned about food security looked optimistically to India’s impending bumper crop of wheat. Indian officials predicted exports in FY 2022/23 (1 April to 31 March) woul...

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Market Commentary: Grains and Livestock Take Diverging Paths

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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...

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...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2225/bushel, down $0.055 from yesterday's close.  Sep 25 Wheat closed at $5.4225/bushel, down $0.04 from yesterday's close.  Nov 25 Soybeans closed at $10.26/bushel, down $0.0975 from yesterday's close.  Dec 25 Soymeal closed at $284.8/short ton, down $4...

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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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