World Perspectives

Data versus Rhetoric

Politico reports that President Biden wants to attack the U.S. food industry in his 7 March State of the Union address to Congress. He believes his Super Bowl attack on food companies for “shrinkflation” struck a chord with voters for its deceptive nature. Rather than raise prices, food processors put less food in the package. President Biden condemned companies for putting “fewer chips” in the bag. That alone is awkward since shrinkflation mostly occurs in highly processed foods, the kind that Biden’s own health officials want people to consume less. Republicans like U.S. Senator John Kennedy (R-Louisiana) blames the President by saying, "Unless you were homeschooled by a day drinker, you can see that shrinkfl...

WPI on Twitter

Related Articles
feed-grains soy-oilseeds wheat

Market Commentary: Weather Worries Nearing a Ceiling

Large supplies and a strong dollar took their toll this week on corn and soybeans, but they still managed to outperform. Weather worries pushed wheat higher for a seventh straight session, and pork finally took a fall.  There was high volume trading in corn today but without any strong fee...

soy-oilseeds

Oilseed Highlights: Up, Despite Grey Clouds

The Market Brazil has been winning the soybean export war, and imported biodiesel feedstock threatens domestic crush margins, but Chicago trading this week appeared to shake off such concerns. July soybeans traded lower for the past three trading sessions but larger gains achieved at the beginn...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5/bushel, down $0.02 from yesterday's close.  Jul 24 Wheat closed at $6.2225/bushel, up $0.0175 from yesterday's close.  Jul 24 Soybeans closed at $11.7725/bushel, down $0.025 from yesterday's close.  Jul 24 Soymeal closed at $344.7/short ton, down $2.9 f...

feed-grains soy-oilseeds wheat

Market Commentary: Weather Worries Nearing a Ceiling

Large supplies and a strong dollar took their toll this week on corn and soybeans, but they still managed to outperform. Weather worries pushed wheat higher for a seventh straight session, and pork finally took a fall.  There was high volume trading in corn today but without any strong fee...

soy-oilseeds

Oilseed Highlights: Up, Despite Grey Clouds

The Market Brazil has been winning the soybean export war, and imported biodiesel feedstock threatens domestic crush margins, but Chicago trading this week appeared to shake off such concerns. July soybeans traded lower for the past three trading sessions but larger gains achieved at the beginn...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5/bushel, down $0.02 from yesterday's close.  Jul 24 Wheat closed at $6.2225/bushel, up $0.0175 from yesterday's close.  Jul 24 Soybeans closed at $11.7725/bushel, down $0.025 from yesterday's close.  Jul 24 Soymeal closed at $344.7/short ton, down $2.9 f...

Q1 GDP Comes in Low, Interest Rate Expected to Stay High

The Q1 2024 GDP was 1.6 percent, well below the pre-report consensus expectation of 2.4 percent, and down from 3.1 percent in Q1 2023 and 3.4 percent in Q4 2023. That rate was the slowest in almost two years, dating back to Q2 2022.  Recall that in the 2 February Ag Perspectives report on...

Image
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.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up