World Perspectives

FOB Prices and Freight Rates App (Updated 27 May)

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 “...

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feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market, 18-22 May 2026 Last week, Russian grain markets remained bullish all over the European part of the country. This times, even the Asian regions saw prices recover to new levels. This rally occurred on the heels of zero export duties and a very strong RUB.  The rally i...

China Partially Lifts HPAI Restrictions

As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...

feed-grains biofuel energy

Brazil’s Emerging Corn Ethanol Industry Driven by Market Forces and Biofuel Policy

Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market, 18-22 May 2026 Last week, Russian grain markets remained bullish all over the European part of the country. This times, even the Asian regions saw prices recover to new levels. This rally occurred on the heels of zero export duties and a very strong RUB.  The rally i...

China Partially Lifts HPAI Restrictions

As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...

feed-grains biofuel energy

Brazil’s Emerging Corn Ethanol Industry Driven by Market Forces and Biofuel Policy

Key Takeaways: Brazil has been the second-largest producer of fuel ethanol globally, but almost all of it was derived from sugarcane until recently. Corn ethanol production has increased due to expanded second-crop corn production, sugarcane storage limitations, and biofuel policy. Brazil is e...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.575/bushel, down $0.0575 from yesterday's close.  Jul 26 Wheat closed at $6.355/bushel, down $0.1075 from yesterday's close.  Jul 26 Soybeans closed at $11.86/bushel, down $0.105 from yesterday's close.  Jul 26 Soymeal closed at $328.6/short ton, down $3...

Market Commentary: CBOT Falls on Better Weather, Geopolitical Trade Dynamics

What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.575/bushel, down $0.0575 from yesterday's close.  Jul 26 Wheat closed at $6.355/bushel, down $0.1075 from yesterday's close.  Jul 26 Soybeans closed at $11.86/bushel, down $0.105 from yesterday's close.  Jul 26 Soymeal closed at $328.6/short ton, down $3...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts for the second straight week. Funds reduced the all-ags net long by 4,300 contracts (0.4 percent), pulling back from the largest net long since at least 2016 forged just two weeks p...

feed-grains soy-oilseeds wheat

China Market Analysis

Grain China’s General Administration of Customs says that grain imports were up 34.3 percent in April and an overall 18.1 percent for the January to April period. On the one hand, China produces more grain that it consumes and stockpiles large volumes. But Canadian grain analyst Mitch Mil...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 26 May)

Developer's Note:  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 obs...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Eid Al-Adha will be celebrated in the Muslim world from 27 to 30 May 2026. The actual dates vary by country. Governments, banks and businesses will all be closed during this period.   Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s government reports tha...

feed-grains soy-oilseeds wheat

Market Commentary: Small Gains as Corn/Soybeans Correct; Commodity Supercycle

What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...

livestock

U.S. Cattle on Feed on May 1, 2026

• U.S. Cattle on Feed Up in feedlots with capacity of 1,000 or more head totaled 11.6 million on May 1, 2026 - 2 percent above May 1, 2025. • Placements in feedlots during April totaled 1.70 million head - 6 percent above 2025.  • Marketings of fed cattle during April totale...

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