World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Corn Rallies on Export Sales; Bean Bears Return in Heavy Options Trade

The CBOT was mixed on Wednesday with corn rising after the USDA reported “flash” export sales of over 1.9 MMT of corn to Mexico and unknown destinations combined. The news put a bid under futures and caused corn spreads to firm slightly with funds buying back some of what they sold earlier this week. Wheat tagged along and posted 5-cent gains for the day while soybeans sank lower amid bearish fundamentals. There were daily export sales of 330 KMT of soybeans reported for the day, but the market seems to view such volumes as normal for this time of year and were not overly impressed. Historically, exports have been a major demand driver for soybeans, but this year it feels like they are merely a relief valve for the massive crop and not nece...

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feed-grains soy-oilseeds wheat

Market Commentary: Mostly Bullish Except Corn Where Production Will Fall

USDA issued its major S&D crop forecast for the upcoming crop season at its annual Outlook Conference. Although generally bullish for corn and bearish for soybeans, with a modest shift in plantings from beans to corn, the report had minimal market impact except perhaps in long-dated new cro...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for February will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 98.4 percent of a year ago. Those estimates imply an on-feed inventory of 11.53 million head. The total inventory on feed...

livestock

Livestock Industry Margins

Beef complex margins weakened further in the week ending 14 February 2026, with estimated beef packer net margins sliding to -$270.22/hd (down $22.78/hd week over week) as higher cattle costs continued to outrun product values. The Choice cutout edged up to $365.30/cwt, but fed cattle prices mo...

feed-grains soy-oilseeds wheat

Market Commentary: Mostly Bullish Except Corn Where Production Will Fall

USDA issued its major S&D crop forecast for the upcoming crop season at its annual Outlook Conference. Although generally bullish for corn and bearish for soybeans, with a modest shift in plantings from beans to corn, the report had minimal market impact except perhaps in long-dated new cro...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for February will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 98.4 percent of a year ago. Those estimates imply an on-feed inventory of 11.53 million head. The total inventory on feed...

livestock

Livestock Industry Margins

Beef complex margins weakened further in the week ending 14 February 2026, with estimated beef packer net margins sliding to -$270.22/hd (down $22.78/hd week over week) as higher cattle costs continued to outrun product values. The Choice cutout edged up to $365.30/cwt, but fed cattle prices mo...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2575/bushel, down $0.0125 from yesterday's close.  May 26 Wheat closed at $5.6675/bushel, up $0.1425 from yesterday's close.  Mar 26 Soybeans closed at $11.41/bushel, up $0.075 from yesterday's close.  Mar 26 Soymeal closed at $304.8/short ton, up $0.9 fr...

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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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