World Perspectives

Animal Welfare Metrics; Transatlantic NTB’s; More Elegant Trade Rules

Animal Welfare Metrics The U.S. Justice Department is suing California over its Prop 12 animal welfare standards adversely impacting hog and poultry producers in other states. For some, the suit is a rejection of federalism (states rights) even as the Trump Administration seeks to defang Washington’s over-zealous reach. It has thus far supported court rulings such as the major questions and Chevron doctrines that revert major issues back to the Congress. The conservative dominated Supreme Court refused to consider Prop 12 a violation of the Commerce Clause but that doesn’t mean it isn’t inflating food costs for all Americans.  A different approach would question the technical details such as California’s opinion...

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Market Commentary: Corn, Soy Firm on Bull Spreading (and Exports?); Cattle Hit New Highs

The CBOT was mostly firmer on Wednesday with rumors circulating that export business is getting done – perhaps aggressively – without the USDA to publish the daily “flash” export sales report. Bull spreading in corn and soybeans likely belies this activity, as does the r...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.22/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.0725/bushel, up $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.295/bushel, up $0.075 from yesterday's close.  Dec 25 Soymeal closed at $278/short ton, up $1.1 from yes...

feed-grains soy-oilseeds wheat

U.S. 2025/26 Crop Balance Sheets Growing Heavy

WPI’s latest forecasts for the U.S. corn, soybean, wheat, and sorghum markets in 2025/26 are increasingly leaning bearish due to expected larger supplies and, except for corn, weaker demand. China’s continued absence from the soybean and sorghum markets is a major headwind for the a...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Firm on Bull Spreading (and Exports?); Cattle Hit New Highs

The CBOT was mostly firmer on Wednesday with rumors circulating that export business is getting done – perhaps aggressively – without the USDA to publish the daily “flash” export sales report. Bull spreading in corn and soybeans likely belies this activity, as does the r...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.22/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.0725/bushel, up $0.005 from yesterday's close.  Nov 25 Soybeans closed at $10.295/bushel, up $0.075 from yesterday's close.  Dec 25 Soymeal closed at $278/short ton, up $1.1 from yes...

feed-grains soy-oilseeds wheat

U.S. 2025/26 Crop Balance Sheets Growing Heavy

WPI’s latest forecasts for the U.S. corn, soybean, wheat, and sorghum markets in 2025/26 are increasingly leaning bearish due to expected larger supplies and, except for corn, weaker demand. China’s continued absence from the soybean and sorghum markets is a major headwind for the a...

FOB Prices and Freight Rates App (Updated 8 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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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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