World Perspectives

Market Commentary: Grains Weaken Ahead of WASDE; Pork Cutout Hits Multi-Year Low

What You Need to Know Today:  Attention is turning toward Friday's USDA WASDE report, with traders looking for updated corn and soybean production estimates and revisions to domestic and global supply-and-demand balances. The report could help establish a clearer direction for grain price...

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

Summary of Futures

Dec 26 Corn closed at $5.0025/bushel, down $0.0175 from yesterday's close.  Dec 26 Wheat closed at $6.8325/bushel, down $0.0325 from yesterday's close.  Nov 26 Soybeans closed at $12.875/bushel, down $0.1 from yesterday's close.  Dec 26 Soymeal closed at $357.6/short ton, down $8...

livestock

Livestock Round Up: Beef Lean Trim Imports Fail to Bring Consumer Relief

The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e. lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the ma...

livestock softs

Tariffs and the American Sheep, Goat, and Wool Industries

Key Takeaways: Lamb and goat tariffs protect market share, not prices. The flock is too small to respond quickly, and the burden depends on origin: 12.5 percent on Australia and New Zealand, reportedly 37.5 percent plus the base rate on China. Wool is most exposed via the export side. The U.S...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.0025/bushel, down $0.0175 from yesterday's close.  Dec 26 Wheat closed at $6.8325/bushel, down $0.0325 from yesterday's close.  Nov 26 Soybeans closed at $12.875/bushel, down $0.1 from yesterday's close.  Dec 26 Soymeal closed at $357.6/short ton, down $8...

livestock

Livestock Round Up: Beef Lean Trim Imports Fail to Bring Consumer Relief

The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e. lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the ma...

livestock softs

Tariffs and the American Sheep, Goat, and Wool Industries

Key Takeaways: Lamb and goat tariffs protect market share, not prices. The flock is too small to respond quickly, and the burden depends on origin: 12.5 percent on Australia and New Zealand, reportedly 37.5 percent plus the base rate on China. Wool is most exposed via the export side. The U.S...

Transportation Perspectives - 8 October

Key Takeaways: Dry bulk markets are mixed this week with the Capesize sector falling on the demand slump stemming from China’s Golden Week holiday while Panamax and smaller vessel class rates remain firm.  The Atlantic’s first hurricane of the season, Hurricane Isaias, intensi...

Beef and Cattle Prices: Expect Another Bullish Year in 2027

Key Takeaways:  U.S. beef production is forecast to fall 10.5 percent in 2026 and remain unchanged in 2027, despite a mild recovery in fed cattle slaughter. Record beef imports will help offset shrinking domestic production, with imports forecast to increase 14.0 percent in 2026 and anoth...

Transportation Perspectives - 8 October

Key Takeaways: Dry bulk markets are mixed this week with the Capesize sector falling on the demand slump stemming from China’s Golden Week holiday while Panamax and smaller vessel class rates remain firm.  The Atlantic’s first hurricane of the season, Hurricane Isaias, intensi...

feed-grains soy-oilseeds wheat

Market Commentary: Yesterday’s Momentum, Today’s Test

Yesterday’s momentum is facing a tougher test today. Stocks and most grain markets have pulled back, while higher Treasury yields and a firmer dollar are making buyers work harder to defend the gains. Crude oil has turned lower, easing some immediate energy pressure, but the Fed minutes l...

feed-grains soy-oilseeds wheat

WPI’s October WASDE Outlook

Key Takeaways: Corn prices will see support in 2026/27 and likely average $5.11/bushel for farm-gate values across the marketing year. Support for corn values comes from an 8 percent year-over-year reduction in supplies that is only partially offset by a 2 percent reduction in total use. Soybe...

soy-oilseeds biofuel

Global Vegetable Oil Markets Face Mixed Signals

Key Takeaways: Global vegetable oil production continues to expand, but the major oils are being driven by very different supply, demand, and trade dynamics. Palm oil faces heavy near-term supply pressure from rising Malaysian inventories, while Indonesia’s B50 mandate and El Niño...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.02/bushel, down $0.06 from yesterday's close.  Dec 26 Wheat closed at $6.865/bushel, down $0.1775 from yesterday's close.  Nov 26 Soybeans closed at $12.975/bushel, down $0.055 from yesterday's close.  Dec 26 Soymeal closed at $365.8/short ton, up $11 fro...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 28 September–2 October 2026 During September, the Russian grain market clearly divided between export demand in the Baltic and Caspian seas. While Caspian business is still developing, Baltic business is showing greater stability and is becoming an important indicat...

FOB Prices and Freight Rates App (Updated 7 October)

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 “How To”...

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