World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Grain Initiative: One and Done?

The uncertainty that Russia’s invasion has brought to agricultural markets continues. Roughly 32.9 MMT of grain has been exported from Ukraine since the Black Sea Grain Initiative (BSGI) began in July 2022. Russia refused to extend it Monday, siting the continued sanctions that target Russian leadership and financial institutions, which extended to its exclusion from the SWIFT international payment system. Russia's withdrawal from the BSGI, which includes canceling its guarantees for safe navigation for ocean vessels, also ended an agreement between the United Nations and Moscow in which U.N. officials agreed to help Russian food and fertilizer exports reach world markets. China is a notable exception to the U.S.-led effort to impose...

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feed-grains soy-oilseeds wheat

Market Commentary: Bears Control Grains while Bulls Dominate Livestock, but will the Trends Hold?

Trade in ag futures was a tale of two cities, with grains sinking into the red while the livestock markets rallied to fresh highs. Grains and oilseeds saw pressure from lackluster technical conditions and, for corn and wheat, expectations of ample domestic and global supplies. Soybeans saw weak...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.06/bushel, down $0.035 from yesterday's close.  Dec 25 Wheat closed at $5.2425/bushel, down $0.075 from yesterday's close.  Nov 25 Soybeans closed at $10.475/bushel, down $0.02 from yesterday's close.  Dec 25 Soymeal closed at $288.2/short ton, down $5.1...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 18 – 22 August 2025 The market continues following a bearish trend, mostly related to the peak of the harvest campaign and a surplus of freshly cut grains. The export market continues driving prices inside the country and while European Russia is focused on Azov Sea...

feed-grains soy-oilseeds wheat

Market Commentary: Bears Control Grains while Bulls Dominate Livestock, but will the Trends Hold?

Trade in ag futures was a tale of two cities, with grains sinking into the red while the livestock markets rallied to fresh highs. Grains and oilseeds saw pressure from lackluster technical conditions and, for corn and wheat, expectations of ample domestic and global supplies. Soybeans saw weak...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.06/bushel, down $0.035 from yesterday's close.  Dec 25 Wheat closed at $5.2425/bushel, down $0.075 from yesterday's close.  Nov 25 Soybeans closed at $10.475/bushel, down $0.02 from yesterday's close.  Dec 25 Soymeal closed at $288.2/short ton, down $5.1...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 18 – 22 August 2025 The market continues following a bearish trend, mostly related to the peak of the harvest campaign and a surplus of freshly cut grains. The export market continues driving prices inside the country and while European Russia is focused on Azov Sea...

FOB Prices and Freight Rates App (Updated 27 August)

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

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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