World Perspectives

Market Commentary: Biofuel Demand and Weather Risks Support Ag Markets Despite Fed Pause

What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk premia Biofuel demand accelerating globally, with U.S. imports of used cooking oil and strong soyoil demand reinforcing upside across the soy c...

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

Summary of Futures

Jul 26 Corn closed at $4.7775/bushel, up $0.0225 from yesterday's close.  Jul 26 Wheat closed at $6.53/bushel, down $0.0475 from yesterday's close.  Jul 26 Soybeans closed at $11.97/bushel, up $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $323.8/short ton, down $3.6 f...

FOB Prices and Freight Rates App (Updated 29 April)

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 “...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat, Corn Score New Highs on Weather, Fund Buying

Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.7775/bushel, up $0.0225 from yesterday's close.  Jul 26 Wheat closed at $6.53/bushel, down $0.0475 from yesterday's close.  Jul 26 Soybeans closed at $11.97/bushel, up $0.0775 from yesterday's close.  Jul 26 Soymeal closed at $323.8/short ton, down $3.6 f...

FOB Prices and Freight Rates App (Updated 29 April)

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 “...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat, Corn Score New Highs on Weather, Fund Buying

Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...

House Ag Appropriations Bill: Moving to Full Committee This Week

Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...

Black Sea Regional Analysis

Russian Grain Markets: 20-24 April 2026 During the week in review, the Russian grains market remained volatile with a broadly bullish undertone. However, it remains too early to determine whether this shift is being driven by geopolitical factors or short-term positioning. The market continues...

House Ag Appropriations Bill: Moving to Full Committee This Week

Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...

China Market Analysis

The overarching concern for China is that the rising cost of energy will reduce global trade demand at the same time that countries are becoming more protectionist.  Trump Visit to China President Trump’s visit to China is in just over two weeks, though some question whether the trip...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.755/bushel, up $0.0625 from yesterday's close.  Jul 26 Wheat closed at $6.5775/bushel, up $0.28 from yesterday's close.  Jul 26 Soybeans closed at $11.8925/bushel, down $0.0275 from yesterday's close.  Jul 26 Soymeal closed at $327.4/short ton, down $0.4...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 27 April)

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...

livestock

Livestock Industry Margins

Beef packer margins improved to -$100/head last week, up $28 from the prior week as the Choice cutout stabilized following its brief post-Easter decline while fed cattle prices eased modestly. The cutout firmed to $384/cwt, while fed cattle prices slipped to $246/cwt, allowing packer margins to...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds adding to net long position across the major ag futures contracts after a two week break as deteriorating negotiations in the Middle East and the emergence of weather concerns triggered risk-on buying. Funds bought 40,000 contracts (4.7 percent) to their...

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