What You Need to Know Today: Markets opened double digits higher Sunday evening following the release of Chinese and American official summaries of bilateral discussions last week. They chose the more optimistic view of future Chinese purchases of American farm goods versus the more opaque inte...
Update for 6 April 2025: 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...
Jul 26 Corn closed at $4.77/bushel, up $0.2125 from yesterday's close. Jul 26 Wheat closed at $6.645/bushel, up $0.2875 from yesterday's close. Jul 26 Soybeans closed at $12.13/bushel, up $0.36 from yesterday's close. Jul 26 Soymeal closed at $334.5/short ton, up $0.2 from yes...
Corn Argentina’s corn harvest remains virtually stalled as producers continue prioritizing the soybean harvest, which has advanced rapidly in recent weeks. During the past week, corn harvest progress increased only two percentage points, while soybean harvest advanced more than 30 percent...
Update for 6 April 2025: 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...
Jul 26 Corn closed at $4.77/bushel, up $0.2125 from yesterday's close. Jul 26 Wheat closed at $6.645/bushel, up $0.2875 from yesterday's close. Jul 26 Soybeans closed at $12.13/bushel, up $0.36 from yesterday's close. Jul 26 Soymeal closed at $334.5/short ton, up $0.2 from yes...
Corn Argentina’s corn harvest remains virtually stalled as producers continue prioritizing the soybean harvest, which has advanced rapidly in recent weeks. During the past week, corn harvest progress increased only two percentage points, while soybean harvest advanced more than 30 percent...
With no bullish surprise out of Beijing this week and good weather taking over many global crop areas, funds spent the past couple of days selling off the peak positions they had built. CNN’s Live Updates blared, “No signs Trump and Xi resolved any thorny challenges.” By...
Texas Attorney General Ken Paxton on Friday launched an investigation into the beef industry over potential anticompetitive conduct among the nation’s largest meatpackers, his office announced Friday. He said the investigation would be conducted alongside a separate antitrust probe announ...
With no bullish surprise out of Beijing this week and good weather taking over many global crop areas, funds spent the past couple of days selling off the peak positions they had built. CNN’s Live Updates blared, “No signs Trump and Xi resolved any thorny challenges.” By...
The long-awaited meeting between President Trump and President Xi of China has concluded, and details are elusive, though Trump stated today that he and Xi made some “fantastic” trade deals. Both countries reported the meetings as a success, but that has more to do with positioning...
Jul 26 Corn closed at $4.5575/bushel, down $0.1175 from yesterday's close. Jul 26 Wheat closed at $6.3575/bushel, down $0.2225 from yesterday's close. Jul 26 Soybeans closed at $11.77/bushel, down $0.155 from yesterday's close. Jul 26 Soymeal closed at $334.3/short ton, up $1...
Key Takeaways Weather conditions in China and India are deteriorating and threatening the wheat crops. Drought conditions in China are not without precedent, and modeling efforts suggest a modest 1.5 percent yield reduction vs. 2025. India’s wheat yields are forecast to fall 3 perc...
We at WPI hear frequently that U.S. agriculture is broken and needs fixing. This argument is often heard in MAHA-related discussions and focuses on highly processed food consumption or the overuse of pesticides and chemical fertilizers. Among farmers and food processors, however, especially tho...
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 “...
There was heavy volume exiting soybeans, which dragged down the broader market today. The lack of a specific Chinese buying commitment for soybeans undermined speculators who had placed bets on state-directed trade. But even the Chinese do not totally ignore market fundamentals. They may still...
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