World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Ignoring Weather, Modest Volume Sees Mostly Red

Grains and soybeans followed the overnight close by trading lower at the open. The early stretch just saw fractional declines but later in the morning, corn and soybeans took deeper dives. Volumes were modest to lower, except in cattle futures. Despite expectations that the current hotter, drier weather pattern will ding some quality in the crops, futures trading ironically focused on the present where there is a good start to the season.  The danger comes if the current heat and dryness become a longer-term pattern. If it is still hot and dry headed into next month, there will be a rush to add weather premium.  For the week, July corn is up 1.25 cents, July soybeans up a half-penny, November soybeans down 8 cents, and all three...

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feed-grains soy-oilseeds wheat

Market Commentary: Grains Fade in Pre-Holiday Trade; Cattle Limit-Down on Plant Closure

The CBOT saw muted and mostly lower trade to open the week of the U.S. Thanksgiving holiday. The day’s trade was predominantly weaker as technical factors and a lack of news immediately relevant to the grain markets prompted fund selling. Monday’s news did include USDA confirmation...

COP Out, G20 In; Evolution of Big

COP Out; G20 In There were two international meetings in the past few days with similar consequences. The first was the COP30 climate change conference in Brazil, which the EU framed as finding any agreement is a win. Brussels wanted participants to speed up their exit from fossil fuels even as...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 24 November)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fade in Pre-Holiday Trade; Cattle Limit-Down on Plant Closure

The CBOT saw muted and mostly lower trade to open the week of the U.S. Thanksgiving holiday. The day’s trade was predominantly weaker as technical factors and a lack of news immediately relevant to the grain markets prompted fund selling. Monday’s news did include USDA confirmation...

COP Out, G20 In; Evolution of Big

COP Out; G20 In There were two international meetings in the past few days with similar consequences. The first was the COP30 climate change conference in Brazil, which the EU framed as finding any agreement is a win. Brussels wanted participants to speed up their exit from fossil fuels even as...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 24 November)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2375/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.3475/bushel, down $0.05 from yesterday's close.  Jan 26 Soybeans closed at $11.2325/bushel, down $0.0175 from yesterday's close.  Jan 26 Soymeal closed at $318.3/short ton, down...

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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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