World Perspectives

Market Commentary: Drier Weather Could Accelerate Soybean Harvest

What You Need to Know Today: A drier early-October forecast should help harvest accelerate across areas of the western Corn Belt that have been running behind, adding pressure to soybeans and soymeal today as concerns over near-term physical tightness begin to ease. Markets are still digesting...

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

Summary of Futures

Dec 26 Corn closed at $5.0225/bushel, up $0.015 from yesterday's close.  Dec 26 Wheat closed at $6.8275/bushel, up $0.07 from yesterday's close.  Nov 26 Soybeans closed at $12.84/bushel, down $0.09 from yesterday's close.  Dec 26 Soymeal closed at $353.3/short ton, down $3.6 from...

livestock

Where the Milk Goes Determines the Value

August 2026 milk production, the four-class pricing system, and the 2025 Federal Milk Marketing Order reforms Key Takeaways: U.S. milk production is growing because the herd is larger, not because cows are producing more milk. August output increased 1.7 percent, even as production per cow dec...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.0075/bushel, down $0.2125 from yesterday's close.  Dec 26 Wheat closed at $6.7575/bushel, down $0.17 from yesterday's close.  Nov 26 Soybeans closed at $12.93/bushel, down $0.0475 from yesterday's close.  Dec 26 Soymeal closed at $356.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.0225/bushel, up $0.015 from yesterday's close.  Dec 26 Wheat closed at $6.8275/bushel, up $0.07 from yesterday's close.  Nov 26 Soybeans closed at $12.84/bushel, down $0.09 from yesterday's close.  Dec 26 Soymeal closed at $353.3/short ton, down $3.6 from...

livestock

Where the Milk Goes Determines the Value

August 2026 milk production, the four-class pricing system, and the 2025 Federal Milk Marketing Order reforms Key Takeaways: U.S. milk production is growing because the herd is larger, not because cows are producing more milk. August output increased 1.7 percent, even as production per cow dec...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 26 Corn closed at $5.0075/bushel, down $0.2125 from yesterday's close.  Dec 26 Wheat closed at $6.7575/bushel, down $0.17 from yesterday's close.  Nov 26 Soybeans closed at $12.93/bushel, down $0.0475 from yesterday's close.  Dec 26 Soymeal closed at $356.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Market Commentary: Quarter & Month End Reality Checks

Markets are getting a quarter-end reality check as September comes to a close. Growth, inflation and interest rates remain central to the macro outlook, while tight diesel supplies keep pressure on the cost of moving goods. States are stepping in with relief, but policy changes alone cannot reb...

Transportation Perspectives - 1 October

Key Takeaways: Dry bulk markets are mixed this week with the Capesize sector seeing a sharp correction from its recent rally. Smaller vessel classes are steady/firmer but the Chinese Golden Week Holiday is pressuring near-term rates.  Dry bulk freight did not receive the bullish boost it...

feed-grains soy-oilseeds wheat

Market Commentary: Quarter & Month End Reality Checks

Markets are getting a quarter-end reality check as September comes to a close. Growth, inflation and interest rates remain central to the macro outlook, while tight diesel supplies keep pressure on the cost of moving goods. States are stepping in with relief, but policy changes alone cannot reb...

feed-grains wheat

Do Russia’s Northern Grain Exports Matter?

Key Takeaways:  Russia recently said it would convert existing export terminals in the Baltic and Arctic Seas to handle grain as the Black and Azov Seas remain closed to maritime trade. Futures markets reacted negatively to this news, but does the conversion matter to short-term and long-...

feed-grains soy-oilseeds

Higher Corn Stocks Contrast with Tighter Soybean Supplies

Key Takeaways: 1 September corn stocks totaled 2.095 billion bushels, 171 million above expectations and 544 million above last year, providing additional cushion for the 2026/27 balance sheet and potentially adding near-term pressure to prices. June-August corn disappearance increased just 10...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 21–25 September 2026 During the third week of September, the Russian grain market remained bearish. For the first time since 2018, average 3rd-grade milling wheat prices dropped below RUB 10,000/t. This poses a serious threat to the Russian agricultural sector, as l...

FOB Prices and Freight Rates App (Updated 30 September)

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 $5.22/bushel, down $0.01 from yesterday's close.  Dec 26 Wheat closed at $6.9275/bushel, up $0.04 from yesterday's close.  Nov 26 Soybeans closed at $12.9775/bushel, up $0.095 from yesterday's close.  Dec 26 Soymeal closed at $359/short ton, down $0.4 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Wet Midwest Weather, Grain Stocks Positioning Support CBOT

What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...

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