World Perspectives

Size Informs Policy; Glyphosate Bias; Biden Trade Policy Deflation; Less is Better

Size Informs Policy The policy wonk contingency hoping to refocus the 2023 farm bill on small farms and growing fruits and vegetables should note where President Biden chose to announce his new farm policy of subsidizing fertilizer and increased production. He did not make the announcement on a small farm belonging to the National Farmers Union. He did not visit a disgruntled small cow-calf operator belonging to R-CALF. Instead, he made his announcement on the O’Connor’s 800-acre corn and soybean “factory” in Kankakee, Illinois. It is almost double the average American farm size. Using USDA definitions, area-wise it approaches being a large farm and, based on current soybean prices, it would be classified as a very...

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Market Commentary: CBOT Falls on Stronger Dollar, Technical Trade; NOPA Crush Sets Record

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Farm Bill and Prop 12 Federal Preemption

House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) has stated that he will move a farm bill draft out of committee in May; the Ranking Minority Member, David Scott (D-Georgia) has indicated that he’ll work with Thompson to have a bipartisan timeline to work on the legisl...

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WPI Crop Progress and Conditions App (Updated 15 April)

Update for 1 April 2024: 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 ob...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Falls on Stronger Dollar, Technical Trade; NOPA Crush Sets Record

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Farm Bill and Prop 12 Federal Preemption

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 15 April)

Update for 1 April 2024: 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 ob...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.315/bushel, down $0.04 from yesterday's close.  May 24 Wheat closed at $5.5175/bushel, down $0.0425 from yesterday's close.  May 24 Soybeans closed at $11.5825/bushel, down $0.1575 from yesterday's close.  May 24 Soymeal closed at $338.5/short ton, down $...

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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.

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