World Perspectives

Market Commentary: Cattle and Hog Markets Face Pressure

What You Need to Know Today:  The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...

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

Summary of Futures

Dec 26 Corn closed at $4.5175/bushel, up $0.03 from yesterday's close.  Dec 26 Wheat closed at $5.99/bushel, down $0.1125 from yesterday's close.  Jan 27 Soybeans closed at $12.38/bushel, down $0.05 from yesterday's close.  Dec 26 Soymeal closed at $335.7/short ton, up $1.1 from...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...

FOB Prices and Freight Rates App (Updated 28 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”...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.5175/bushel, up $0.03 from yesterday's close.  Dec 26 Wheat closed at $5.99/bushel, down $0.1125 from yesterday's close.  Jan 27 Soybeans closed at $12.38/bushel, down $0.05 from yesterday's close.  Dec 26 Soymeal closed at $335.7/short ton, up $1.1 from...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...

FOB Prices and Freight Rates App (Updated 28 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”...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.4875/bushel, down $0.0625 from yesterday's close.  Dec 26 Wheat closed at $6.1025/bushel, down $0.0575 from yesterday's close.  Nov 26 Soybeans closed at $12.2925/bushel, down $0.12 from yesterday's close.  Dec 26 Soymeal closed at $334.6/short ton, down...

U.S. Soymeal Supply and Demand Outlook

Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.4875/bushel, down $0.0625 from yesterday's close.  Dec 26 Wheat closed at $6.1025/bushel, down $0.0575 from yesterday's close.  Nov 26 Soybeans closed at $12.2925/bushel, down $0.12 from yesterday's close.  Dec 26 Soymeal closed at $334.6/short ton, down...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Remain Under Pressure as New Mexico Cattle Border Reopens

What You Need to Know Today:  A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...

feed-grains livestock

Inaugural New Fed Cattle Report Was a Bust

Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...

soy-oilseeds biofuel

A Long-Run View of U.S. Soybean Crushing

Key Takeaways:  U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh has asked the USA for technical assistance to improve grain storage and strengthen quality testing of imported grains. Of major importance to Bangladesh is the “technology to improve grain preservation and grain s...

livestock

Livestock Industry Margins

Beef packer margins plunged $105/head last week to $36/head as higher cattle prices combined with declining wholesale beef values to sharply compress packer profits. Fed cattle prices rose nearly $3/cwt to $227/cwt while the Choice cutout fell $4.75/cwt to $368/cwt. Margins have deteriorated $1...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $4.55/bushel, down $0.01 from yesterday's close.  Dec 26 Wheat closed at $6.16/bushel, down $0.09 from yesterday's close.  Nov 26 Soybeans closed at $12.4125/bushel, down $0.1525 from yesterday's close.  Dec 26 Soymeal closed at $340.2/short ton, down $5.9 f...

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