World Perspectives

Market Commentary: CBOT Gains After USDA Reports; Soyoil Leads Soy Complex Higher

The CBOT was mostly higher following the all-important Prospective Plantings and Grain Stocks reports with traders looking to price in emerging factors now that USDA’s thoughts on the acreage situation are known. For corn, the emerging factors are dryness in Brazil that could start to thr...

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

Summary of Futures

May 25 Corn closed at $4.6175/bushel, up $0.045 from yesterday's close.  May 25 Wheat closed at $5.405/bushel, up $0.035 from yesterday's close.  May 25 Soybeans closed at $10.3425/bushel, up $0.195 from yesterday's close.  May 25 Soymeal closed at $292.3/short ton, down $0.4 fro...

Quick Hits: Agency Employment, Grains Reports, and Biofuels

USDA Retirement: USDA employees have until 8 Apil to decide whether to participate in the administration's so-called deferred resignation program. USDA employees were sent an email last night titled “Deferred Resignation Program 2.0,” which says they must make a decision by the dead...

livestock

Livestock Industry Margins

Near-record negative margins for beef packers continue to dominate discussion of livestock industry margins this week. Beef packer profits rebounded slightly last week on the heels of firmer beef markets, but remain at -$176/head, which is among the weakest levels in the past two decades. Feedl...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6175/bushel, up $0.045 from yesterday's close.  May 25 Wheat closed at $5.405/bushel, up $0.035 from yesterday's close.  May 25 Soybeans closed at $10.3425/bushel, up $0.195 from yesterday's close.  May 25 Soymeal closed at $292.3/short ton, down $0.4 fro...

Quick Hits: Agency Employment, Grains Reports, and Biofuels

USDA Retirement: USDA employees have until 8 Apil to decide whether to participate in the administration's so-called deferred resignation program. USDA employees were sent an email last night titled “Deferred Resignation Program 2.0,” which says they must make a decision by the dead...

livestock

Livestock Industry Margins

Near-record negative margins for beef packers continue to dominate discussion of livestock industry margins this week. Beef packer profits rebounded slightly last week on the heels of firmer beef markets, but remain at -$176/head, which is among the weakest levels in the past two decades. Feedl...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region There is very little information on the Middle East and North Africa due to the end of Ramadan and the start of the EID holidays. Tomorrow, 2 April, is “import tariff day”. Import tariffs by the U.S. and reciprocal tar...

Uncertainty Ends

Trump’s tariff threats are said to be causing uncertainty, though its intent is transparent. One thing tomorrow’s release of the tariff plan will not end is the duplicity of its opponents. Let’s look at some of the sturm und drang and its meaning. East Asia: A joint statement...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region There is very little information on the Middle East and North Africa due to the end of Ramadan and the start of the EID holidays. Tomorrow, 2 April, is “import tariff day”. Import tariffs by the U.S. and reciprocal tar...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.5725/bushel, up $0.04 from yesterday's close.  May 25 Wheat closed at $5.37/bushel, up $0.0875 from yesterday's close.  May 25 Soybeans closed at $10.1475/bushel, down $0.0825 from yesterday's close.  May 25 Soymeal closed at $292.7/short ton, down $0.8 f...

feed-grains soy-oilseeds wheat

Market Commentary: Big Day for USDA Data; Grains Rise While Soy Suffers

The big news in commodity markets Monday was the release of USDA’s Prospective Plantings and Grain Stocks reports, the former of which offered the agency’s first detailed assessment of 2025 acreage. The report featured the expected increase in corn area and decrease in soybean plant...

Liberation Day Minus One; States Rights, National Losses; The Hammer and USDA

Liberation Day Minus One The Trump team is said to be weighing 20 percent across the board tariffs, reducing the share of U.S. funding of the WTO, and critic James Carville says the Administration has collapsed in less than three months. Morgan Stanley calls all the stated goals for tariffs as...

Liberation Day is Coming!

President Trump said yesterday, his reciprocal tariffs will launch this Wednesday, calling it “Liberation Day.” Those new tariffs will affect "all countries." However, the Administration has yet to reveal many of the key details of his plan, or when actual duties will be implemented...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Continues to Face Weather Instability   Argentina remains in a period of climate instability, with frequent heavy rains, strong winds, and occasional hail affecting some agricultural areas this week. Rainfall in the northern region – which had been suffering from low s...

feed-grains soy-oilseeds wheat

Grain Stocks Report Charts

The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

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