World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened with some minor short-covering activity as traders assessed the odds of a “turnaround Tuesday” getting underway. Early support in U.S. equity markets helped move CBOT markets into the green as well. Notably, livestock futures continued their volatile trade and started the day with strong, early gains and closed at or near their daily price limits. Corn futures fell sharply while wheat and soybeans found some modest support.  A development to watch in the cattle markets is the abnormally large number of fed cattle offered for sale in tomorrow’s Fed Cattle Exchange. The Exchange has over 4,500 head listed, nearly 10 times the (WPI-estimated average weekly volume. The cash markets will be closely watchin...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.49/bushel, down $0.05 from yesterday's close.  May 26 Wheat closed at $5.98/bushel, up $0.0275 from yesterday's close.  May 26 Soybeans closed at $11.5825/bushel, down $0.085 from yesterday's close.  May 26 Soymeal closed at $311.8/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Risk is Priced In — But Not Yet Believed

Key Market Developments Macro/Geopolitics:  Markets are staring down a deadline tonight as President Donald Trump pushes Iran to reopen the Strait of Hormuz by 8:00 PM Eastern. So far, Iran has rejected the U.S.-backed ceasefire proposal — reportedly delivered through Pakistan &mdash...

China Market Analysis

Hormuz Strategy China has been assisting Iran under a 25-year strategic agreement that has 90 percent of Iranian crude going to the Middle Kingdom. Iran is not currently blocking tankers passing through the Strait and on their way to China. At the same time, China is providing Iran with dual-us...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.49/bushel, down $0.05 from yesterday's close.  May 26 Wheat closed at $5.98/bushel, up $0.0275 from yesterday's close.  May 26 Soybeans closed at $11.5825/bushel, down $0.085 from yesterday's close.  May 26 Soymeal closed at $311.8/short ton, down $4.8 fr...

feed-grains soy-oilseeds wheat

Market Commentary: Risk is Priced In — But Not Yet Believed

Key Market Developments Macro/Geopolitics:  Markets are staring down a deadline tonight as President Donald Trump pushes Iran to reopen the Strait of Hormuz by 8:00 PM Eastern. So far, Iran has rejected the U.S.-backed ceasefire proposal — reportedly delivered through Pakistan &mdash...

China Market Analysis

Hormuz Strategy China has been assisting Iran under a 25-year strategic agreement that has 90 percent of Iranian crude going to the Middle Kingdom. Iran is not currently blocking tankers passing through the Strait and on their way to China. At the same time, China is providing Iran with dual-us...

Sugar Supply and Demand Situation

Mexico’s 2025/26 sugar production is estimated to be 5.024 million MT, reflecting about a 6 percent increase from 4.7 million MT after the past two years of weather-affected output, including both persistent drought and ill-timed rains. Nonetheless, production remains near the low end com...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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