World Perspectives

Market Commentary: Volatility is the Outlook

What You Need to Know Today: The U.S. weather forecast has shifted to favor more beneficial conditions for finishing the corn and soybean crops, which is removing some weather risk premium from futures. Traders are looking ahead to Friday’s September WASDE, which will offer major insight...

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

Summary of Futures

Dec 26 Corn closed at $5.335/bushel, down $0.0325 from yesterday's close.  Dec 26 Wheat closed at $7.47/bushel, up $0.13 from yesterday's close.  Nov 26 Soybeans closed at $13.1625/bushel, up $0.065 from yesterday's close.  Dec 26 Soymeal closed at $349.8/short ton, down $5.3 fro...

livestock

California: Bifurcated Markets for Ultra-Processed Food and Pork

The California General Assembly has passed a bill aimed at increasing transparency related to ultra-processed foods. California Governor Gavin Newsom has until 30 September to take action on the bill, though it will most likely be signed into law. Late last year, California became the first sta...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s government reports that it has purchased 750,000 MT of wheat that will be delivered in November 2026, along with another 250,000 MT for later delivery. The forecasted shortfall in wheat supply for 2026/27 could be...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.335/bushel, down $0.0325 from yesterday's close.  Dec 26 Wheat closed at $7.47/bushel, up $0.13 from yesterday's close.  Nov 26 Soybeans closed at $13.1625/bushel, up $0.065 from yesterday's close.  Dec 26 Soymeal closed at $349.8/short ton, down $5.3 fro...

livestock

California: Bifurcated Markets for Ultra-Processed Food and Pork

The California General Assembly has passed a bill aimed at increasing transparency related to ultra-processed foods. California Governor Gavin Newsom has until 30 September to take action on the bill, though it will most likely be signed into law. Late last year, California became the first sta...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s government reports that it has purchased 750,000 MT of wheat that will be delivered in November 2026, along with another 250,000 MT for later delivery. The forecasted shortfall in wheat supply for 2026/27 could be...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.3675/bushel, down $0.04 from yesterday's close.  Dec 26 Wheat closed at $7.34/bushel, down $0.2025 from yesterday's close.  Nov 26 Soybeans closed at $13.0975/bushel, down $0.065 from yesterday's close.  Dec 26 Soymeal closed at $355.1/short ton, down $0...

Is Mandatory Country of Origin Labeling Worth the Cost?

Key Takeaways: Mandatory Country of Origin Labeling would provide consumers with more consistent information about where their beef originates, but evidence from the previous COOL rule found little indication that labeling increased overall consumer demand for beef. The primary potential benef...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.3675/bushel, down $0.04 from yesterday's close.  Dec 26 Wheat closed at $7.34/bushel, down $0.2025 from yesterday's close.  Nov 26 Soybeans closed at $13.0975/bushel, down $0.065 from yesterday's close.  Dec 26 Soymeal closed at $355.1/short ton, down $0...

feed-grains soy-oilseeds wheat

Market Commentary: Recent Rallies Lose Steam

What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...

livestock

Beef Trim Prices Set to Fall Even Without Added Imports

Key Takeaways:  Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...

farm-inputs

Glyphoscience and Glyphoeconomics

It is hard to have a productive conversation about agricultural pesticide use. The subject carries so much ideological baggage that raising it can invite an argument—or bring the conversation to an uncomfortable silence. Glyphosate, the active ingredient most closely associated with the R...

livestock

Triangulating China, U.S. and Brazil’s Chicken Exports

Brazil’s broiler exports are up 29.9 percent by volume in July and up 43.3 percent in value, and for the January through July period, exports rose 15.2 percent by volume and 19.3 percent in value. China was the top customer in July with 75,000 MT after being closed in July 2025 due to HPA...

Transportation Perspectives - 3 September

Key Takeaways: Dry bulk markets are mixed this week with larger vessel classes seeing strong demand from iron ore and coal while Supramax and Handysize rates remain steady.  Congestion at the Panama Canal has eased but forward booking slots are showing signs of bottlenecks as draft levels...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

The bull market in ag commodities continued through Tuesday’s data reporting deadline with drought, yield, and Black Sea export concerns driving another week of massive fund and commercial buying. Managed money traders bought 225,000 contracts across the ag markets through last Tuesday&rs...

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