WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
What You Need to Know Today: The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...
Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close. Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close. Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close. Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...
A total of 79,000 cows has been added to the dairy herd since last December, which compares to 81,000 head added to the dairy herd over the same period in 2025. This similarity in herd expansion numbers in early 2025 and 2026 has kept dairy cow slaughter at the same level in each of the two yea...
What You Need to Know Today: The U.S. struck Iranian military targets for the second time this week. During a cabinet meeting, President Trump said that the Strait of Hormuz is international waters and will be open to everybody, which appears to be wishful thinking. Control of the Strait...
Jul 26 Corn closed at $4.5575/bushel, up $0.0325 from yesterday's close. Jul 26 Wheat closed at $6.24/bushel, up $0.015 from yesterday's close. Jul 26 Soybeans closed at $11.945/bushel, up $0.0925 from yesterday's close. Jul 26 Soymeal closed at $334.1/short ton, up $3.5 from...
A total of 79,000 cows has been added to the dairy herd since last December, which compares to 81,000 head added to the dairy herd over the same period in 2025. This similarity in herd expansion numbers in early 2025 and 2026 has kept dairy cow slaughter at the same level in each of the two yea...
Responsible Use of AI WPI does not have an encyclical on AI but since it employs real human analysts there is a view towards the technology. In short, it is a tool that should be used responsibly. AI analysis is not bad unless it is the default. It has advanced to the point that it is no longer...
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 “...
Responsible Use of AI WPI does not have an encyclical on AI but since it employs real human analysts there is a view towards the technology. In short, it is a tool that should be used responsibly. AI analysis is not bad unless it is the default. It has advanced to the point that it is no longer...
Dry bulk markets are steady/firmer this week with Capes leading the rally and, on the other end of the vessel size spectrum, strong grain demand supporting Handysize vessels too. Capesize rates soared again this week on strong Australian miner buying that stemmed from accelerated Chinese...
Beef packer margins improved to -$257/head last week, up $39 from the prior week as the Choice cutout strengthened while fed cattle prices eased. The cutout rose to nearly $390/cwt, while fed cattle prices slipped to $260/cwt, allowing packer spreads to recover modestly from the prior week&rsqu...
Key Market Insights Today was another reminder that this market is trading headlines first, facts second. Early optimism surrounding reports of a possible U.S.-Iran memorandum of understanding helped pressure energy risk premium and kept the broader commodity space defensive. An hour later, how...
Key Takeaways: Cattle producers are currently capturing a greater proportion of total retail beef values amid tight cattle supplies. Packers are forced to make higher bids on cattle to keep operations running when supplies are tight, hurting packer margins. Sustained poor packer margins...
Jul 26 Corn closed at $4.525/bushel, down $0.05 from yesterday's close. Jul 26 Wheat closed at $6.225/bushel, down $0.13 from yesterday's close. Jul 26 Soybeans closed at $11.8525/bushel, down $0.0075 from yesterday's close. Jul 26 Soymeal closed at $330.6/short ton, up $2 fro...
Dangerously Clueless Lazy analysts and food system critics have shifted attention temporarily from how bad our food is (UPFs,) to why it is expensive. Bloomberg correctly sites higher labor costs, tariffs, weather (El Niño), fertilizer prices, higher energy and transportation costs, the...
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