World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

The overnight session found corn and wheat trading both sides of yesterday's closes, while soybeans were mostly firmer. That is the way the day session opened as well. General Comments With USDA's next WASDE containing fresh yield and production estimates for corn and soybeans due for release on 11 September, the usual private estimates have begun to roll in. FC Stone is usually the first of these widely watched forecasts. Not surprisingly, its September estimates released late yesterday fall below USDA's August numbers. FC Stone puts soybean production at 3.791 billion bushels from a national average yield of 45.4 bushels/acre. Those numbers are 1.5 bushels/acre and 125 million bushels below USDA's. It pegs the corn yield at 165.9 bushel...

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feed-grains soy-oilseeds wheat

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

The Washington International Trade Association held a conference today entitled, Phase 2: The Art of the Deal with China. Experts included former USTR officials, the former head of the U.S.-China Business Council, a former Obama Administration trade official, and the illustrious Asia expert Wen...

feed-grains soy-oilseeds wheat

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

The Washington International Trade Association held a conference today entitled, Phase 2: The Art of the Deal with China. Experts included former USTR officials, the former head of the U.S.-China Business Council, a former Obama Administration trade official, and the illustrious Asia expert Wen...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq has confirmed that it will not need to import as much wheat in 2024/25 as it expects to see purchases of local wheat at 4.5 MMT while current stocks of wheat are at 2.8 MMT. Overall wheat production could reach 6.0 MMT. Press...

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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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