World Perspectives
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 markets to see the biggest declines, with the oilseed also finding pressure from the EU’s new tariffs on U.S. ag products, including soybeans. Overall, the day’s action had the feeling of “give up” trade from bulls and bears growing somewhat more emboldened by the stack of bearish factors in the oilseeds markets.  Outside markets finally found a little bit of support after their recent drubbing and despite the EU’s retalia...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day but a Hot CoF Report After the Close

The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all week is a matter of treading water until more definitive cues emerge. In fact, today was so mixed that soybeans and soyoil fell even as typi...

livestock

Cattle on Feed

USDA released the monthly Cattle on Feed report today. The total inventory in feedlots of 1,000 head or more capacity is 11.6 million head, 98 percent of last year.   Placements were 1.55 million head, 82 percent of last year, and marketings at 1.74 million head were 91 percent of Fe...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close.  May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close.  May 25 Soybeans closed at $10.0975/bushel, down $0.0325 from yesterday's close.  May 25 Soymeal closed at $300.3/short ton, up $3.2...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day but a Hot CoF Report After the Close

The fundamentals are unchanged but there is a cloud overhead due to the impending tariff war and the headwinds that portends. So, the market today and all week is a matter of treading water until more definitive cues emerge. In fact, today was so mixed that soybeans and soyoil fell even as typi...

livestock

Cattle on Feed

USDA released the monthly Cattle on Feed report today. The total inventory in feedlots of 1,000 head or more capacity is 11.6 million head, 98 percent of last year.   Placements were 1.55 million head, 82 percent of last year, and marketings at 1.74 million head were 91 percent of Fe...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.6425/bushel, down $0.0475 from yesterday's close.  May 25 Wheat closed at $5.5825/bushel, up $0.01 from yesterday's close.  May 25 Soybeans closed at $10.0975/bushel, down $0.0325 from yesterday's close.  May 25 Soymeal closed at $300.3/short ton, up $3.2...

FOB Prices and Freight Rates App (Updated 21 March)

Transportation and Freight Market Comments - 21 March 2025 By Matt Herrington Dry-Bulk Ocean Freight WPI is hearing market chatter early on Friday, 21 March that there is some discussion about a six-month delay on the implementation of USTR’s Section 301 port fees for Chinese vessels. WPI...

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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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