World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Declining Crop Conditions Spark CBOT Rally; WPI Corn and Soybean S&D Update

Yesterday’s Crop Conditions report featured worse-than-expected declines and sparked an overnight and early morning rally in CBOT futures Tuesday. Corn, wheat, and soybeans all jumped out to strong gains early in the day, but those gains faded through the afternoon for corn and wheat, with the latter commodity ending mostly lower for the day. Funds are still not interested in chasing rallies after having just exited a massive long position and with the general trend of world grain markets being that of moving towards more ample supplies. Production and yield risks certainly exist here in the U.S., Europe, and elsewhere, but the situation is nowhere near as tight as it once was. Consequently, funds and commercials seem to be content st...

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feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Corn Rains continued across Argentina’s core agricultural regions, with additional heavy accumulations keeping rural roads largely impassable and further slowing the corn harvest. Harvest progress remains limited at approximately 3 percent per week. At the same time, farmers are...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds paring back their net long position across the major ag futures contracts for the second straight week as signs of hope in the Middle East triggered an exit of geological “risk on” trades from commodity markets. Funds sold 40,000 contracts (4...

livestock

Cattle on Feed - April 1 2026

U.S. cattle on feed totaled 11.6 million head on April 1, 2026, 1 percent below April 1, 2025.  Placements in feedlots during March totaled 1.71 million head, 7 percent below 2025.  Marketings of fed cattle during March totaled 1.63 million head, 6 percent below 2025.  Other disa...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Corn Rains continued across Argentina’s core agricultural regions, with additional heavy accumulations keeping rural roads largely impassable and further slowing the corn harvest. Harvest progress remains limited at approximately 3 percent per week. At the same time, farmers are...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds paring back their net long position across the major ag futures contracts for the second straight week as signs of hope in the Middle East triggered an exit of geological “risk on” trades from commodity markets. Funds sold 40,000 contracts (4...

livestock

Cattle on Feed - April 1 2026

U.S. cattle on feed totaled 11.6 million head on April 1, 2026, 1 percent below April 1, 2025.  Placements in feedlots during March totaled 1.71 million head, 7 percent below 2025.  Marketings of fed cattle during March totaled 1.63 million head, 6 percent below 2025.  Other disa...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4875/bushel, up $0.0025 from yesterday's close.  May 26 Wheat closed at $5.9125/bushel, down $0.0725 from yesterday's close.  May 26 Soybeans closed at $11.6725/bushel, up $0.035 from yesterday's close.  May 26 Soymeal closed at $331.8/short ton, down $0...

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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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