World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Congestion and Mixed Weather

GOOD MORNING, Prices continue in congestion trade with rains this week bearish but hot and dry forecasts next week keeping markets well supported.  Higher oilshare and firmer spreads are key features of trade this morning.  Markets are backing into ranges from yesterday, with the exception of soyoil which is higher on the back of sharply higher palm oil prices.    June NOPA crush will be released at 11:00 central time with advertised guesses at 159.5 mln bu vs. 163.5 mln bu in May.  Soyoil ending stocks are estimated at 1.62 bln lbs. which is nearly unchanged from May.  While there was some reported minor movement in corn on the rally, bean hedging remains very light as SA and US farmers are not sellers at cur...

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livestock

LH 2025 and 2026 Cattle Outlook Challenging for Packers, Favorable for Producers

The biggest question in the cattle and beef markets lately has been “when does the rally stop?” after beef values and fed and feeder cattle prices have all rallied to new all-time highs (beef prices if one ignores the brief rally during the COVID-19 plant closures). The fundamental...

WPI Transportation Report

Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. There has been a notable increase in inquiries for vessels from Brazil and West Africa for the August/LH September time frame. Additionally, Aus...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for July 4-10, 2025.  Wheat: Net sales of 494,400 metric tons (MT) for 2025/2026 were down 13 percent from the previous week, but up 8 percent from the prior 4-week average. Export shipments of 432,900 MT were down 3 percent from the previous week, but up 7 perce...

livestock

LH 2025 and 2026 Cattle Outlook Challenging for Packers, Favorable for Producers

The biggest question in the cattle and beef markets lately has been “when does the rally stop?” after beef values and fed and feeder cattle prices have all rallied to new all-time highs (beef prices if one ignores the brief rally during the COVID-19 plant closures). The fundamental...

WPI Transportation Report

Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. There has been a notable increase in inquiries for vessels from Brazil and West Africa for the August/LH September time frame. Additionally, Aus...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for July 4-10, 2025.  Wheat: Net sales of 494,400 metric tons (MT) for 2025/2026 were down 13 percent from the previous week, but up 8 percent from the prior 4-week average. Export shipments of 432,900 MT were down 3 percent from the previous week, but up 7 perce...

feed-grains soy-oilseeds wheat

Market Commentary: Quirky Day in a Quirky Week

It was a somewhat quirky day as grains took their lumps and soyoil supported beans. There was a new contract low in HRW, low volume trading corn and livestock, but high volume in soyoil. After trading 40,000 contracts, December soymeal settled unchanged, and moving in mere fractions, September...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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