World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Bulls Are Running Again

Bulls remain firmly in charge of CBOT ag trade with weather concerns seemingly around the world prompting short covering and fresh long buying. Wheat and soybeans were the upside leaders at the CBOT once again as these two commodities hold the most bullish weather implications. Corn was largely along for the ride, but the market certainly did not ignore the looming dryness in central Brazil. Funds were net buyers for the day and are thought to have secured some 12-15,000 contracts of wheat and nearly 20,000 contracts of soybeans while adding 8,000 contracts to their corn position. WPI reminds clients that while the momentum and charts are undeniably bullish, this is a classic weather market rally, which tends to end as quickly as they start...

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feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather Forecasts while Livestock Futures Hit New Highs

Except for the livestock futures, which all hit new contract or record highs, the CBOT was mostly lower to start the week with favorable weather and bearish chart conditions driving the sentiment. The index fund roll ticked off its second of five days on Monday, so spreads and volumes patterns...

Trade Negotiations Ramp Up; CAP Rush; Europe’s Military and Agriculture

Trade Negotiations Ramp Up The big story involves U.S. and Chinese trade negotiators meeting in London this week. Discussions lasted three hours today and resume tomorrow but no one sees agriculture being involved in the talks. Instead, the focus is on export controls where Beijing is limiting...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 9 June)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Fall on Weather Forecasts while Livestock Futures Hit New Highs

Except for the livestock futures, which all hit new contract or record highs, the CBOT was mostly lower to start the week with favorable weather and bearish chart conditions driving the sentiment. The index fund roll ticked off its second of five days on Monday, so spreads and volumes patterns...

Trade Negotiations Ramp Up; CAP Rush; Europe’s Military and Agriculture

Trade Negotiations Ramp Up The big story involves U.S. and Chinese trade negotiators meeting in London this week. Discussions lasted three hours today and resume tomorrow but no one sees agriculture being involved in the talks. Instead, the focus is on export controls where Beijing is limiting...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 9 June)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.335/bushel, down $0.09 from yesterday's close.  Jul 25 Wheat closed at $5.42/bushel, down $0.1275 from yesterday's close.  Jul 25 Soybeans closed at $10.56/bushel, down $0.0125 from yesterday's close.  Jul 25 Soymeal closed at $295.5/short ton, down $0.2...

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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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