World Perspectives
feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 15–19 December 2025 Russia’s grain markets remained stable and bearish, with weak domestic and export demand limiting price gains. Trade activity was slow, and a strong ruble prompted the government to maintain export duties. Global wheat supply remains ample, and international tenders were subdued, making it increasingly difficult for Russia to compete internationally even at low duty levels. Ukraine’s Black Sea infrastructure sustained further damage, adding geopolitical tension ahead of the holiday period. The Ministry of Agriculture reported harvest completion at 97.5 percent, producing 147 MMT in bunker weight. Standard-condition output is estimated at 137 MMT, including 90 MMT of wheat. Earlier...

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wheat

WASDE Wheat - Feb 2026

USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price remains at $4.90 per bushel.  The global outlook fo...

feed-grains soy-oilseeds wheat

Market Commentary: WASDE Confirms Big Supply, Big Demand; Soybeans Gain on Brazil Quality

The headline numbers from the February WASDE – the South American production estimates – were mostly in line with expectations, which is to say the massive Brazilian soybean crop was found to be even more so. USDA increased its assessment of the Brazilian crop to a new record, which...

feed-grains

WASDE Corn - Feb 2026

USDA’s outlook for 2025/26 U.S. corn is for greater exports and lower ending stocks. Exports are increased 100 million bushels to 3.3 billion, reflecting sales and shipments to date. With no supply changes and use increasing, corn ending stocks are down 100 million bushels to 2.1 billion...

wheat

WASDE Wheat - Feb 2026

USDA’s outlook for 2025/26 U.S. wheat is unchanged for exports and slightly higher ending stocks to 931 million bushels - 9 percent higher than last year and the largest since 2019/20. The projected 2025/26 season-average farm price remains at $4.90 per bushel.  The global outlook fo...

feed-grains soy-oilseeds wheat

Market Commentary: WASDE Confirms Big Supply, Big Demand; Soybeans Gain on Brazil Quality

The headline numbers from the February WASDE – the South American production estimates – were mostly in line with expectations, which is to say the massive Brazilian soybean crop was found to be even more so. USDA increased its assessment of the Brazilian crop to a new record, which...

feed-grains

WASDE Corn - Feb 2026

USDA’s outlook for 2025/26 U.S. corn is for greater exports and lower ending stocks. Exports are increased 100 million bushels to 3.3 billion, reflecting sales and shipments to date. With no supply changes and use increasing, corn ending stocks are down 100 million bushels to 2.1 billion...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Turkey’s snowfall and rainfall have returned to more normal levels following last year’s drought, which reduced wheat production by about 13.7 percent and barley production by 25.9 percent. Experts point out that, whil...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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