World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Deal with the Devil

The announced deal with Russia was a major force on the market today. The quad (Ukraine, Russia, Turkey, the UN) signed an agreement providing a possible pathway for Ukrainian grain and oilseed exports. The deal means that 22 MMT Ukrainian grain and oilseeds could be exported via the Black Sea over a 3-4 month period. Critically, this will free up storage for the next crop being grown this summer. Russia’s concession still needs to be analyzed for its intent, weighed for its potential to fall apart.  The rationale is that Moscow wants relief for its own exporting hurdles caused by Western sanctions. U.S. banks have not stopped financing Russia’s crop export efforts and the Treasury Department’s OFAC issued a notice s...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day Awaiting New Inputs

There were few fundamental inputs, but today’s agricultural futures markets established new contract lows for corn, SRW and HRS. There was a new contract high for feeder cattle.   The market has received new private sector crop estimates and next comes crop tours and the August...

VAT Versus Trump Tariffs; MAHA Win?

VAT versus Trump Tariffs Most imports into the U.S. will face an average 15 tariff under Trump trade policy. Critics and news reports warned of disastrous impacts that have thus far failed to develop. This may be due to their relative context. Most countries apply tariffs such as the EU’s...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.0125/bushel, down $0.0075 from yesterday's close.  Sep 25 Wheat closed at $5.085/bushel, up $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $9.845/bushel, down $0.0625 from yesterday's close.  Dec 25 Soymeal closed at $281.3/short ton, down $3...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day Awaiting New Inputs

There were few fundamental inputs, but today’s agricultural futures markets established new contract lows for corn, SRW and HRS. There was a new contract high for feeder cattle.   The market has received new private sector crop estimates and next comes crop tours and the August...

VAT Versus Trump Tariffs; MAHA Win?

VAT versus Trump Tariffs Most imports into the U.S. will face an average 15 tariff under Trump trade policy. Critics and news reports warned of disastrous impacts that have thus far failed to develop. This may be due to their relative context. Most countries apply tariffs such as the EU’s...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.0125/bushel, down $0.0075 from yesterday's close.  Sep 25 Wheat closed at $5.085/bushel, up $0.0025 from yesterday's close.  Nov 25 Soybeans closed at $9.845/bushel, down $0.0625 from yesterday's close.  Dec 25 Soymeal closed at $281.3/short ton, down $3...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 28 July – 1 August 2025 The harmonizing of July old crop and new crop pricing is coming to an end. As harvesting continues with a delay, prices are volatile depending on the region. Delayed harvest often causes bullish sentiments in some individual regions but press...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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