World Perspectives
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Indian Subcontinent Regional Analysis

Falling Rupee and Higher Input Costs Make Agriculture a Tough Choice Two developments that the government of India (GOI) had not anticipated are higher crude oil prices and the rupee falling against the U.S. dollar. In discussions with the U.S. regarding market access, India moved to impose safeguard and retaliatory duties on U.S. goods, including some intermediate products and non-urea fertilizer components such as phosphoric acid, effective 4 August 2018. While it might be considered patriotic to do so on apples, walnuts and almonds, phosphoric acid forms the base for fertilizers like di-ammonium phosphate (DAP) and muriate of potash (MoP). Phosphoric acid prices in the international market are already up 15-20 percent, and they are like...

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Market Commentary: Defensive into the Holiday

With crops in short supply and weather far from perfect, traders did not want to be short corn, wheat, and soybeans going into a three-day hiatus in trading. While today’s gains were modest, July soybeans ended the week up 27 cents, while July corn is down 1.5 cents, and July SRW lost 11...

USDA Offers Early Termination of CRP Contracts

Yesterday, USDA announced that farmers in their last year of Conservation Reserve Program (CRP) contracts can opt out early this year. About 3.4 million acres expire this year, and a little more than half, call it 1.7 million, made bids to re-enroll. Overall continuous sign up for CRP has enrol...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 22 Corn closed at $7.7725/bushel, up $0.1225 from yesterday's close.  Jul 22 Wheat closed at $11.575/bushel, up $0.1425 from yesterday's close.  Jul 22 Soybeans closed at $17.3225/bushel, up $0.0575 from yesterday's close.  Jul 22 Soymeal closed at $432.3/short ton, up $4.1 f...

feed-grains soy-oilseeds wheat

Market Commentary: Defensive into the Holiday

With crops in short supply and weather far from perfect, traders did not want to be short corn, wheat, and soybeans going into a three-day hiatus in trading. While today’s gains were modest, July soybeans ended the week up 27 cents, while July corn is down 1.5 cents, and July SRW lost 11...

USDA Offers Early Termination of CRP Contracts

Yesterday, USDA announced that farmers in their last year of Conservation Reserve Program (CRP) contracts can opt out early this year. About 3.4 million acres expire this year, and a little more than half, call it 1.7 million, made bids to re-enroll. Overall continuous sign up for CRP has enrol...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 22 Corn closed at $7.7725/bushel, up $0.1225 from yesterday's close.  Jul 22 Wheat closed at $11.575/bushel, up $0.1425 from yesterday's close.  Jul 22 Soybeans closed at $17.3225/bushel, up $0.0575 from yesterday's close.  Jul 22 Soymeal closed at $432.3/short ton, up $4.1 f...

Middle Kingdom Approach; Friday Snippets

Middle Kingdom Approach U.S. Secretary of State Antony Blinken articulated the Biden Administration’s policy toward China in a highly nuanced fashion. The key point is that the U.S. does not envision a new Cold War, but rather welcomes competition and wants to mold China into following th...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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