As you probably guessed, the ongoing conflict in the Middle East continues to drive market sentiment for energy markets and tanker vessel rates. While there have been several developments in the region this week, the big picture factors are the same: the Strait of Hormuz is all but sealed to ve...
May 26 Corn closed at $4.6975/bushel, up $0.065 from yesterday's close. May 26 Wheat closed at $6.08/bushel, up $0.0375 from yesterday's close. May 26 Soybeans closed at $11.685/bushel, up $0.0675 from yesterday's close. May 26 Soymeal closed at $332.5/short ton, up $10.8 from...
Export Sales and Shipments for March 6-12, 2026. Wheat: Net sales of 189,900 metric tons (MT) for 2025/2026 were down 58 percent from the previous week and 36 percent from the prior 4-week average. Export shipments of 383,100 MT were down 11 percent from the previous week and 7 percent from the...
The U.S. Treasury Department is (still!) working on the Section 45Z Clean Fuel Production Tax Credit. The broad legislative effort for the act was launched in President Biden’s Inflation Reduction Act and picked up with some significant adjustments in President Trump’s One Big...
May 26 Corn closed at $4.6975/bushel, up $0.065 from yesterday's close. May 26 Wheat closed at $6.08/bushel, up $0.0375 from yesterday's close. May 26 Soybeans closed at $11.685/bushel, up $0.0675 from yesterday's close. May 26 Soymeal closed at $332.5/short ton, up $10.8 from...
Export Sales and Shipments for March 6-12, 2026. Wheat: Net sales of 189,900 metric tons (MT) for 2025/2026 were down 58 percent from the previous week and 36 percent from the prior 4-week average. Export shipments of 383,100 MT were down 11 percent from the previous week and 7 percent from the...
The U.S. Treasury Department is (still!) working on the Section 45Z Clean Fuel Production Tax Credit. The broad legislative effort for the act was launched in President Biden’s Inflation Reduction Act and picked up with some significant adjustments in President Trump’s One Big...
USDA’s monthly cattle on feed report for March will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.5 million head. The pre-report estimates were spl...
Tomorrow is Nowruz (spring equinox), the Persian New Year, but there will likely be no break from the war. There continued to be upward price pressure on grains and oilseeds, chasing the spike in fossil fuel prices. There may be ample fertilizer for Northern Hemisphere crops nearing planting ti...
USDA’s monthly cattle on feed report for March will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.5 million head. The pre-report estimates were spl...
Key Market Developments Macro: Reinforcing a Higher-for-Longer Environment Today’s inflation data reinforced what markets were already beginning to price in: a more persistent, “higher for longer” rate environment. U.S. producer prices came in above expectations, with headline...
Great Timing The workers’ union at the JBS meatpacking plant in Greeley, Colorado, is on strike. The union is demanding more pay for its members, of course, and they want the company to pay for gloves. Given the shortage of cattle, there is overcapacity in cattle slaughter, and JBS has be...
Russian Grain Markets: 9–13 March 2026 Russia’s grain market turned firmer in the second week of March, led by stronger price action in Asian Russia, where domestic values continue adjusting higher toward neighboring Kazakh levels. By contrast, European Russia and the Black Sea rema...
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”...
May 26 Corn closed at $4.54/bushel, up $0 from yesterday's close. May 26 Wheat closed at $5.8975/bushel, down $0.075 from yesterday's close. May 26 Soybeans closed at $11.57/bushel, up $0.0175 from yesterday's close. May 26 Soymeal closed at $311.7/short ton, down $0.5 from ye...
CBOT ag futures were highly mixed on Tuesday as traders recovered from Monday’s drubbing and limit-down move in soybeans and soyoil. At Monday’s close, the options market was suggesting soybeans and soyoil were trading significantly lower than the limit-down close permitted, but tho...
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