World Perspectives

Black Sea Regional Analysis

Russian Grain Markets: 13–17 July 2026 New-crop trading dominated the Russian grain market during the week as old-crop business largely came to an end. Most transactions shifted to new-crop supplies, establishing new price ranges across the market. Bearish sentiment prevailed across most...

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

Summary of Futures

Dec 26 Corn closed at $4.7525/bushel, up $0.0225 from yesterday's close.  Sep 26 Wheat closed at $6.78/bushel, up $0.04 from yesterday's close.  Nov 26 Soybeans closed at $12.2275/bushel, down $0.035 from yesterday's close.  Dec 26 Soymeal closed at $327.3/short ton, up $3.5 from...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Rally on Momentum, Weather; Soybeans Sag on Quiet Exports

What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...

soy-oilseeds biofuel farm-inputs

New Mexico’s Clean Fuel Program Adds Pressure to Renewable Feedstock Markets

Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.7525/bushel, up $0.0225 from yesterday's close.  Sep 26 Wheat closed at $6.78/bushel, up $0.04 from yesterday's close.  Nov 26 Soybeans closed at $12.2275/bushel, down $0.035 from yesterday's close.  Dec 26 Soymeal closed at $327.3/short ton, up $3.5 from...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Rally on Momentum, Weather; Soybeans Sag on Quiet Exports

What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...

soy-oilseeds biofuel farm-inputs

New Mexico’s Clean Fuel Program Adds Pressure to Renewable Feedstock Markets

Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...

The Growing Move Toward More Ad Hoc Farm Payments

As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...

FOB Prices and Freight Rates App (Updated 22 July)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

The Growing Move Toward More Ad Hoc Farm Payments

As WPI reported on 17 July, the recently passed budget reconciliation bill in the House Budget Committee includes $12 billion in emergency farm assistance. This would be the seventh of the past nine years with ad hoc farm payments (FY2018, FY2019, FY2020, FY2022, FY2023, FY2024, and potentially...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan has just held its first meeting of the Committee on GM Corn. The Committee was established to "undertake an objective, science-based, and evidence-driven review of Pakistan’s policy regarding the commercialization o...

livestock

Livestock Industry Margins

Beef packer margins improved to -$130/head last week, up $44 from the prior week as sharply lower fed cattle prices more than offset continued seasonal weakness in the Choice cutout. The cutout declined to $373/cwt while fed cattle prices fell to $238/cwt, allowing packer spreads to recover for...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.73/bushel, up $0.055 from yesterday's close.  Sep 26 Wheat closed at $6.74/bushel, down $0.0875 from yesterday's close.  Nov 26 Soybeans closed at $12.2625/bushel, up $0.2325 from yesterday's close.  Dec 26 Soymeal closed at $323.8/short ton, up $5.3 from...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The weather rally in conjunction with the resumption of the war in Iran and the export-tightening impacts of Russia and Ukraine’s recent attacks and counter attacks continues to drive bullish CBOT sentiments. Managed money traders purchased 93,000 contracts across the ag markets, expandin...

feed-grains wheat farm-inputs

Russia’s Diesel Export Ban Tightens Global Fuel Markets and Raises Agricultural Costs

Key Takeaways: Russia’s diesel export ban is tightening global fuel supplies and increasing dependence on alternative exporters. Limited refining capacity and logistical constraints make diesel markets especially sensitive to supply disruptions. Diesel supply disruptions are more difficu...

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