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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Transportation and Export Report for 4 February 2025

U.S. grain transportation markets remain skewed by the impacts of cold weather and low water levels on the Mississippi River System, which have pushed spot CIF and FOB values sharply higher. Internationally, the recovery in ocean freight rates continues, with strong demand in the Atlantic while...

feed-grains soy-oilseeds wheat

Market Commentary: Soybean Spillover Rides Another Day

There was high-volume trading in soybeans again today after hitting record levels yesterday. The enthusiasm carried over to corn and soymeal as well, and there was good volume trading in soyoil contracts. There is understandable skepticism that China would pay 80 cents/bushel more for U.S. soyb...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.35/bushel, up $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3525/bushel, up $0.085 from yesterday's close.  Mar 26 Soybeans closed at $11.1225/bushel, up $0.2 from yesterday's close.  Mar 26 Soymeal closed at $303.2/short ton, up $7 from yeste...

Transportation and Export Report for 4 February 2025

U.S. grain transportation markets remain skewed by the impacts of cold weather and low water levels on the Mississippi River System, which have pushed spot CIF and FOB values sharply higher. Internationally, the recovery in ocean freight rates continues, with strong demand in the Atlantic while...

feed-grains soy-oilseeds wheat

Market Commentary: Soybean Spillover Rides Another Day

There was high-volume trading in soybeans again today after hitting record levels yesterday. The enthusiasm carried over to corn and soymeal as well, and there was good volume trading in soyoil contracts. There is understandable skepticism that China would pay 80 cents/bushel more for U.S. soyb...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.35/bushel, up $0.055 from yesterday's close.  Mar 26 Wheat closed at $5.3525/bushel, up $0.085 from yesterday's close.  Mar 26 Soybeans closed at $11.1225/bushel, up $0.2 from yesterday's close.  Mar 26 Soymeal closed at $303.2/short ton, up $7 from yeste...

Rock, Paper, Scissors

Markets still do not know how to react to President Trump’s announcement that he has completed a trade deal with India. U.S. Trade Representative Jamieson Greer says the details are being papered, or written up, now. The deal has sparked a transatlantic war of words, with Brussels mocking...

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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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