World Perspectives

Market Commentary: Wheat Hits New Highs on Smaller Russian Crop; Corn, Soy Fall on Planting Progress

The CBOT was mixed on Tuesday with corn and the soy complex finding pressure after Monday’s Crop Progress report reflected better-than-expected planting progress. That reduced concerns about late plantings negatively impacting yields or, for soybeans, unplanted corn acres being switched t...

Today’s Top insights
feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8...

Breaking Eggs with Poor Math

Activists have been pressuring the Biden Administration to take more action against Big Ag. The latest is an attack on egg production. Opponents are blaming the spread of avian influenza (AI) and the high cost of eggs on what they claim is 110 billion eggs produced on just 347 farms. They asser...

Status of Global Ag

USDA’s Economic Research Service has produced an expansive study entitled, World Agricultural Production, Resource Use, and Productivity, 1961–2020. Its authors examined the period and despite activists calling the food system broken, the researchers emphasized some key successes:&n...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.58/bushel, down $0.025 from yesterday's close.  Jul 24 Wheat closed at $6.975/bushel, up $0.0875 from yesterday's close.  Jul 24 Soybeans closed at $12.3625/bushel, down $0.1175 from yesterday's close.  Jul 24 Soymeal closed at $372.3/short ton, down $1.8...

Breaking Eggs with Poor Math

Activists have been pressuring the Biden Administration to take more action against Big Ag. The latest is an attack on egg production. Opponents are blaming the spread of avian influenza (AI) and the high cost of eggs on what they claim is 110 billion eggs produced on just 347 farms. They asser...

Status of Global Ag

USDA’s Economic Research Service has produced an expansive study entitled, World Agricultural Production, Resource Use, and Productivity, 1961–2020. Its authors examined the period and despite activists calling the food system broken, the researchers emphasized some key successes:&n...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iraq’s Kurdish Regional Government (KRG) hopes to reach an agreement with the government that would guarantee the purchase of 650,000 MT of KRG wheat production. In 2023, Iraq bought 500,000 MT of KRG wheat...

Banking Committee Looking at Food Prices and Corporate Greed

The Senate Banking Committee’s subcommittee on Economic Policy will be holding a hearing tomorrow entitled "Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.” This is the second hearing on this topic convened by t...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean and Africa Regional Analysis

Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Iraq’s Kurdish Regional Government (KRG) hopes to reach an agreement with the government that would guarantee the purchase of 650,000 MT of KRG wheat production. In 2023, Iraq bought 500,000 MT of KRG wheat...

Ultra-Processed Dog Food; Antidumping is Legal

Ultra-Processed Dog Food The number of pets spiked during COVID but the overall trend has been more domestic animals and fewer human babies. Pets are lower cost than children but the pet industry knows there is still a lot of disposable income to be made off the furry members of the family. Whi...

House Farm Bill Draft: Conservation and Trade

Last week on Friday 17 May, WPI outlined the commodity program proposals in the House farm bill draft. Below are some key changes in the conservation and trade titles. The Committee hails its reforms to the Conservation Reserve Program (CRP) as the first attempt at clarifying and simplifying th...

livestock

Bye Bye Black Sheep

New Zealand famously is a country with more sheep than people, but the competition is slipping in favor of humans. The problem is the economics of wool, which is no longer an economically supportive coproduct. Wool is less needed in a warming world with many man-made alternative fibers, and lan...

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