World Perspectives
feed-grains soy-oilseeds

Corn and Beans Take Different Spreads

While the overall trend for corn has been lower, soybean futures stayed in backwardation longer than corn contracts. As confidence grows in new crop prospects, bear spreading increases. But longer deferred corn contracts are currently showing greater relative value than the equivalent soybean contracts. The value of December 2024 corn is 8.4 percent higher than December 2023 corn. By contrast, August 2024 soybeans are only valued 2.6 percent above November 2023 soybeans. Picking different positions can alter the ratios but not enough to change the overall trend.  The last time the deferred corn contract showed relatively higher value over the nearby versus comparable soybean contracts was in 2020.  ...

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feed-grains soy-oilseeds wheat

Market Commentary: Good Weather, Unknown Trading Relations, Positioned for Monday

It was another day of trading in the green in the overnight for grains and the soy complex only to fail following through in the day session for wheat and soymeal. All major ags opened higher but soymeal quickly reversed, and all three wheats headed south about an hour into the session. Monday&...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.4975/bushel, up $0.0225 from yesterday's close.  Jul 25 Wheat closed at $5.2175/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.5175/bushel, up $0.0675 from yesterday's close.  Jul 25 Soymeal closed at $294.1/short ton, down $0...

Trade Deal with UK

Yesterday, President Trump announced from the Oval Office a trade deal “in principle” with the UK, the first of its kind following the reciprocal tariffs imposed by the U.S. While details are still lacking, according to the Administration, the agreement includes increased market acc...

feed-grains soy-oilseeds wheat

Market Commentary: Good Weather, Unknown Trading Relations, Positioned for Monday

It was another day of trading in the green in the overnight for grains and the soy complex only to fail following through in the day session for wheat and soymeal. All major ags opened higher but soymeal quickly reversed, and all three wheats headed south about an hour into the session. Monday&...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.4975/bushel, up $0.0225 from yesterday's close.  Jul 25 Wheat closed at $5.2175/bushel, down $0.075 from yesterday's close.  Jul 25 Soybeans closed at $10.5175/bushel, up $0.0675 from yesterday's close.  Jul 25 Soymeal closed at $294.1/short ton, down $0...

Trade Deal with UK

Yesterday, President Trump announced from the Oval Office a trade deal “in principle” with the UK, the first of its kind following the reciprocal tariffs imposed by the U.S. While details are still lacking, according to the Administration, the agreement includes increased market acc...

feed-grains

Corn & Soybean Outlook: Riding Seasonal Patterns

With markets awaiting the May WASDE and USDA’s first comprehensive look at the 2025/26 crop balance sheets, many traders and analysts are looking for major fundamental developments that could influence the outlook. Regarding fundamental developments, the major grain and oilseed markets ha...

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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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