World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

Last year at this time, the red hot cash market and record high basis bids led the soy futures market to high prices and a wide old/new crop inverse. This year the reality of a relaxed cash market is dragging soy futures prices and the old/new inverse lower. General Comments There are now 11 trading days left before the first intentions day for deliveries against July grain and soy futures contracts, and there remains a sizeable open interest in each. Open interest in July contracts rounded to the nearest 1,000 as of yesterday's closes:July SRW: 147,000HRW: 39,000Corn: 373,000Soybeans: 164,000Soymeal: 111,000Soyoil: 119,000With the hammering that July soybeans and July meal took today, we suspect that a chunk of open interest was taken ou...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

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In 2022 and 2023, most HPAI cases affected producers during the spring and fall. The years 2024 and 2025 were different, however. The bulk of cases occurred during the winter months. Between December 2024 and February 2025, approximately 53.7 million egg layers, turkeys, and broilers were culle...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Ends Mixed on Planting Pace, Weather, South American Outlook

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Summary of Futures

May 25 Corn closed at $4.7575/bushel, down $0.06 from yesterday's close.  Jul 25 Wheat closed at $5.5025/bushel, down $0.02 from yesterday's close.  May 25 Soybeans closed at $10.35/bushel, up $0.055 from yesterday's close.  Jul 25 Soymeal closed at $299.5/short ton, down $0.8 fr...

livestock

HPAI Waning This Spring

In 2022 and 2023, most HPAI cases affected producers during the spring and fall. The years 2024 and 2025 were different, however. The bulk of cases occurred during the winter months. Between December 2024 and February 2025, approximately 53.7 million egg layers, turkeys, and broilers were culle...

The Future of the U.S. – China Trade War

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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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