World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Certainties No Longer Certain; Corn, Soy Lower on Midwest Rains

Wheat futures rallied to start the week on increasing conflict in the Black Sea with Ukraine targeting Russian ocean vessels and adding new uncertainties to the region’s grain trade abilities. Wheat was only the first of two major ag markets (lean hogs being the other) to end the day higher, however, with corn, the soy complex, and cattle futures all turning lower. Favorable rains for the Midwest over the weekend sent soybeans to a 30+ cent/bushel loss for the day and continued to wrestle corn under $5. Fund activity was mixed with moderate short covering in wheat, heavy selling in the soy complex, and essentially neutral positioning in corn. WPI readers will well know that the USDA’s August WASDE report comes out this Friday, a...

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feed-grains soy-oilseeds wheat

Market Commentary: Delayed WASDE Reaction, EU Retaliates, Feeder Cattle Hit New Highs

The CBOT was mostly lower on Wednesday as the lack of big changes in the March WASDE effectively amounted to ammunition for bears. Bull markets need to be fed a steady diet of news, and the lack of such inputs from the WASDE gave bears an advantage for the day. Soybeans and corn were the market...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6075/bushel, down $0.095 from yesterday's close.  May 25 Wheat closed at $5.54/bushel, down $0.0275 from yesterday's close.  May 25 Soybeans closed at $10.005/bushel, down $0.1075 from yesterday's close.  May 25 Soymeal closed at $300.2/short ton, down $1...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 3 – 7 March 2025 The Russian Ministry of Agriculture forecasts this year's total planted area to be higher than the previous year, reaching almost 84 million hectares (Mha), of which 55.8 million are spring crops. The Russian Statistics Agency reported that wheat pr...

feed-grains soy-oilseeds wheat

Market Commentary: Delayed WASDE Reaction, EU Retaliates, Feeder Cattle Hit New Highs

The CBOT was mostly lower on Wednesday as the lack of big changes in the March WASDE effectively amounted to ammunition for bears. Bull markets need to be fed a steady diet of news, and the lack of such inputs from the WASDE gave bears an advantage for the day. Soybeans and corn were the market...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6075/bushel, down $0.095 from yesterday's close.  May 25 Wheat closed at $5.54/bushel, down $0.0275 from yesterday's close.  May 25 Soybeans closed at $10.005/bushel, down $0.1075 from yesterday's close.  May 25 Soymeal closed at $300.2/short ton, down $1...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 3 – 7 March 2025 The Russian Ministry of Agriculture forecasts this year's total planted area to be higher than the previous year, reaching almost 84 million hectares (Mha), of which 55.8 million are spring crops. The Russian Statistics Agency reported that wheat pr...

Tariff Waste; Changing the EU; Cost of Data; Fake Food Safety

Tariff Waste Now that Trump tariffs are going into full swing, the question is for what objective? The President says other countries treat America unfairly, indicating he sees an imbalance in trade concessions. That is why he warned he would double punitive duties on Canadian steel and aluminu...

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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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