World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT continued making modest adjustments in the wake of Friday’s WASDE, but found relatively little new information upon which to trade. The USDA will resurvey parts of the Midwest where harvest was severely impacted by the fall weather, but even modest reductions to production estimates in those areas won’t make a big deal for the U.S. balance sheet. Consequently, from a supply-side view, the January WASDE/Crop Production reports are presenting the final numbers.    Trade at the CBOT was dominated by spread activity, particularly unwinding of long soybean/short corn spreads. The soy complex was broadly weaker though soymeal finished higher from soymeal/soyoil spread trade. Wheat futures traded a lackluster day th...

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feed-grains soy-oilseeds wheat

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Where is the Hog Market Headed? Rosy Early Outlook for 2026.

Lean hog futures saw an unexpected rally to conclude 2025 with the market rebounding from an autumn selloff. The rebound was sufficiently strong to push deferred futures to new contract highs and nearby contracts just a few dollar shy of their contract highs. Despite this futures rally, physica...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.46/bushel, down $0.0075 from yesterday's close.  Mar 26 Wheat closed at $5.18/bushel, up $0 from yesterday's close.  Mar 26 Soybeans closed at $10.6125/bushel, down $0.0575 from yesterday's close.  Mar 26 Soymeal closed at $303.6/short ton, down $1.8 from...

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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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