World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

If there is a surprising market reaction to the September WASDE, it can be found in Chicago and KC wheat futures that mostly closed around 7 cents higher despite the unchanged U.S. wheat numbers. General Comments Markets have been waiting for the September WASDE since about an hour after USDA released the August issue with its surprisingly bearish corn and soybean yield production estimates on 10 August. Considering all the weather adversities those crops had faced, there was instant skepticism about the numbers immediately following the report. Noncommercials had been caught leaning in the wrong direction, and the ensuing scramble drove prices down hard. The NASS August estimates did temper somewhat how private scouts looked at crop cond...

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feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 27–31 October 2025 The Russian grains market remained predominantly bearish during the final week of October, with only brief recoveries in select regions. Despite improving monthly export volumes, demand continues to lag behind the export surplus. The season began...

feed-grains soy-oilseeds wheat

Market Commentary: An Appearance of Weakness

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FOB Prices and Freight Rates App (Updated 5 November)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 27–31 October 2025 The Russian grains market remained predominantly bearish during the final week of October, with only brief recoveries in select regions. Despite improving monthly export volumes, demand continues to lag behind the export surplus. The season began...

feed-grains soy-oilseeds wheat

Market Commentary: An Appearance of Weakness

Bullish sentiments have been driving the CBOT higher since last week’s U.S.-China trade talks, but bears finally made an appearance on Tuesday. The CBOT saw the entire soy complex pullback as China has not confirmed anything about what the Trump administration claims was agreed to in Sout...

Supreme Court to Hear Tariff Case Tomorrow

The Supreme Court will hear the case on President Trump’s tariffs tomorrow, and leading into the court session the White House is exuding confidence that the Court will uphold the President’s tariff powers under the 1977 International Economic Emergency Powers Act (IEEPA). However,...

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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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