World Perspectives

Market Commentary: Markets Pause to Assess China Deal Amid Broadly Bullish Backdrop

What You Need to Know Today: Excitement over China’s agreement to purchase $17 billion of U.S. ag commodities subsided, as traders are cautious amid the yet-unspecified allocation of those purchases. Monday’s Crop Progress report did not significantly change the narrative for corn...

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

CFTC COT Report Analysis

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts, reversing a three-week buying trend. Funds reduced the net long on all-ags by 92,000 contracts (8.4 percent), pulling back from the largest net long since at least 2016.  The...

More on China Trade

As WPI reported, Presidents Trump and Xi held a bilateral summit last week (World Perspectives), the first since 2017, with some uncertainty over the outcome, though Trump commented on some “fantastic” trade deals. Over the weekend, more information was released on those agreements,...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.7525/bushel, down $0.0175 from yesterday's close.  Jul 26 Wheat closed at $6.6725/bushel, up $0.0275 from yesterday's close.  Jul 26 Soybeans closed at $12.095/bushel, down $0.035 from yesterday's close.  Jul 26 Soymeal closed at $332.3/short ton, down $2...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds reducing net long positions across most of the major ag futures contracts, reversing a three-week buying trend. Funds reduced the net long on all-ags by 92,000 contracts (8.4 percent), pulling back from the largest net long since at least 2016.  The...

More on China Trade

As WPI reported, Presidents Trump and Xi held a bilateral summit last week (World Perspectives), the first since 2017, with some uncertainty over the outcome, though Trump commented on some “fantastic” trade deals. Over the weekend, more information was released on those agreements,...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.7525/bushel, down $0.0175 from yesterday's close.  Jul 26 Wheat closed at $6.6725/bushel, up $0.0275 from yesterday's close.  Jul 26 Soybeans closed at $12.095/bushel, down $0.035 from yesterday's close.  Jul 26 Soymeal closed at $332.3/short ton, down $2...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is said to import about 20 million MT of grains and oilseeds annually through Persian Gulf ports, plus about 5.0 million MT on the Caspian Sea. Maize, soybeans, soymeal, and vegetable oil are all highly dependent on imports &...

China Market Analysis

There has been more analysis of the Trump-Xi meeting last week than decades worth of papers written on the fall of Rome and the assassination of JFK. Optimists highlight the pageantry and showmanship; pessimists complain nothing major was accomplished. The divergence of the official assessments...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is said to import about 20 million MT of grains and oilseeds annually through Persian Gulf ports, plus about 5.0 million MT on the Caspian Sea. Maize, soybeans, soymeal, and vegetable oil are all highly dependent on imports &...

feed-grains soy-oilseeds wheat

Market Commentary: Assumptions, Uncertainty, Volatility

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...

livestock

Texas Joins Beef Antitrust Effort

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...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 18 May)

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...

feed-grains soy-oilseeds wheat

Summary of Futures

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...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

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...

feed-grains soy-oilseeds wheat

Market Commentary: Funds Come Off Their High Horse

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...

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