World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rallies on Falling USD, Tariff Pause, and Technical Buying

CBOT futures and ag markets look very different today than they did just one week ago. Last Friday, ag futures were deep in the red with traders exiting positions and engaging in risk-off trade as the outlook for U.S. trade and the global economy seemed far from certain. This week, futures ended higher and took back more or all last week’s losses with more trade-friendly developments on the tariff front supporting market sentiment. Another major factor pushing futures higher has been the slide in the U.S. dollar, which has added to U.S. export competitiveness despite the trade war(s). Funds and commercials were both net buyers for the day and the myriad bullish technical developments that occurred this week should keep markets on firm...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Bounced on Short-Covering and Positive Export Data

The CBOT turned higher on Monday with positive export data from USDA and a healthy dose of bottom-picking and pre-holiday short covering driving the upside action. Corn was the upside leader for the day as export shipments remain strong with foreign buyers and end-users picking up the purchase...

livestock

Cattle on Feed for Dec 2025

USDA reports U.S. Cattle on Feed down 2 percent in feedlots with capacity of 1,000 or more head to total 11.7 million head on December 1, 2025.  Placements in feedlots during November totaled 1.60 million head, 11 percent below 2024.  Marketings of during November totaled 1.52 million...

WTO Gets Trumped; Novel Remains Unusual; Cheese Diversion

WTO Gets Trumped The WTO was thrown out back on 2 April when President Trump announced his reciprocal tariffs. The tariffs totally violated U.S. obligations under the WTO but the signal was clear that the U.S. would no longer be constrained by any agreements at the WTO. Still, the Administratio...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Bounced on Short-Covering and Positive Export Data

The CBOT turned higher on Monday with positive export data from USDA and a healthy dose of bottom-picking and pre-holiday short covering driving the upside action. Corn was the upside leader for the day as export shipments remain strong with foreign buyers and end-users picking up the purchase...

livestock

Cattle on Feed for Dec 2025

USDA reports U.S. Cattle on Feed down 2 percent in feedlots with capacity of 1,000 or more head to total 11.7 million head on December 1, 2025.  Placements in feedlots during November totaled 1.60 million head, 11 percent below 2024.  Marketings of during November totaled 1.52 million...

WTO Gets Trumped; Novel Remains Unusual; Cheese Diversion

WTO Gets Trumped The WTO was thrown out back on 2 April when President Trump announced his reciprocal tariffs. The tariffs totally violated U.S. obligations under the WTO but the signal was clear that the U.S. would no longer be constrained by any agreements at the WTO. Still, the Administratio...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.47/bushel, up $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.155/bushel, up $0.0575 from yesterday's close.  Jan 26 Soybeans closed at $10.5325/bushel, up $0.04 from yesterday's close.  Mar 26 Soymeal closed at $301.9/short ton, up $0.8 from y...

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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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