World Perspectives

BRICS Grain Exchange; Transatlantic Gaslighting

BRICS Grain ExchangeVladmir Putin used his BRICS conference in Kazan, Russia to formally suggest the creation of a grain exchange by the bloc of countries. He said such an exchange could later be expanded to other products and that it would " contribute to the formation of fair and predictable price indicators for products and raw materials, considering its special role in ensuring food security.” And he said, "The implementation of this initiative will help protect national markets from negative external interference, speculation, and attempts to create an artificial food shortage." It is hard to unpack all the suggested harms of the current grain trading system, but it seems unlikely that an OPEC-style grain consortium would accompli...

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Export Sales

Export Sales and Shipments for April 4-10, 2025.  Wheat: Net sales of 76,500 metric tons (MT) for 2024/2025 were down 29 percent from the previous week, but up 2 percent from the prior 4-week average. Export shipments of 483,500 MT were up 43 percent from the previous week and 11 percent f...

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Cattle on Feed - April 2025

U.S. cattle on Feed totaled totaled 11.6 million head on April 1, 2025 - 2 percent below April 1, 2024.  Placements in feedlots during March totaled 1.84 million head, 5 percent above 2024.  Marketings of fed cattle during March totaled 1.73 million head, 1 percent above 2024.  O...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.8225/bushel, down $0.02 from yesterday's close.  May 25 Wheat closed at $5.4875/bushel, up $0.01 from yesterday's close.  May 25 Soybeans closed at $10.365/bushel, down $0.0225 from yesterday's close.  May 25 Soymeal closed at $295.6/short ton, down $1.1...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 4-10, 2025.  Wheat: Net sales of 76,500 metric tons (MT) for 2024/2025 were down 29 percent from the previous week, but up 2 percent from the prior 4-week average. Export shipments of 483,500 MT were up 43 percent from the previous week and 11 percent f...

livestock

Cattle on Feed - April 2025

U.S. cattle on Feed totaled totaled 11.6 million head on April 1, 2025 - 2 percent below April 1, 2024.  Placements in feedlots during March totaled 1.84 million head, 5 percent above 2024.  Marketings of fed cattle during March totaled 1.73 million head, 1 percent above 2024.  O...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.8225/bushel, down $0.02 from yesterday's close.  May 25 Wheat closed at $5.4875/bushel, up $0.01 from yesterday's close.  May 25 Soybeans closed at $10.365/bushel, down $0.0225 from yesterday's close.  May 25 Soymeal closed at $295.6/short ton, down $1.1...

feed-grains soy-oilseeds wheat

Pre-Holiday Low Volume with Mixed Outcomes

There might be more life on the planet K2-18b than was seen in some of the trading pits today. While some contracts closed higher and others lower, the one consistent thing was lower pre-holiday volume across grains and oilseeds.  Ahead of a three-day market hiatus, all major contracts clo...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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