World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Expectations Mostly Met

There were no shocks in today’s June USDA WASDE report, just tweaks that were generally within expectations. Corn, soybeans, soymeal, wheat, and cattle all pretty much settled in the same direction they were at just prior to the report’s release. It is important to note that USDA is not going to change its preliminary estimates for 2025/26 corn and soybeans until it gets the surveyed planted acreage numbers later this month.  USDA left most of its 2025/26 production estimates unchanged but there were some changes within the wheat classes. Winter wheat as a whole was raised 39 MBU, in line with market expectations, with HRW lowered slightly, and SRW and White raised slightly.  U.S. 2024/25 ending stocks were somewhat...

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feed-grains soy-oilseeds wheat

Market Commentary: Market Wiggles on Pro Farmer, Weather and Demand

Yesterday’s grain and oilseed rally extended, for the most part, today. While wheat led the complex upward yesterday, today’s higher volume trading corn and the soy complex gave the thrust in today’s session. Soymeal and the livestock complex took a breather today. The incomin...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for August 8-14, 2025 Wheat: Net sales of 519,800 metric tons (MT) for 2025/2026 were down 28 percent from the previous week and 25 percent from the prior 4-week average. Export shipments of 360,600 MT were up 6 percent from the previous week, but down 30 percent from...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1175/bushel, up $0.0775 from yesterday's close.  Dec 25 Wheat closed at $5.2975/bushel, up $0.015 from yesterday's close.  Nov 25 Soybeans closed at $10.56/bushel, up $0.2 from yesterday's close.  Dec 25 Soymeal closed at $294.2/short ton, down $3 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Market Wiggles on Pro Farmer, Weather and Demand

Yesterday’s grain and oilseed rally extended, for the most part, today. While wheat led the complex upward yesterday, today’s higher volume trading corn and the soy complex gave the thrust in today’s session. Soymeal and the livestock complex took a breather today. The incomin...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for August 8-14, 2025 Wheat: Net sales of 519,800 metric tons (MT) for 2025/2026 were down 28 percent from the previous week and 25 percent from the prior 4-week average. Export shipments of 360,600 MT were up 6 percent from the previous week, but down 30 percent from...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1175/bushel, up $0.0775 from yesterday's close.  Dec 25 Wheat closed at $5.2975/bushel, up $0.015 from yesterday's close.  Nov 25 Soybeans closed at $10.56/bushel, up $0.2 from yesterday's close.  Dec 25 Soymeal closed at $294.2/short ton, down $3 from ye...

feed-grains soy-oilseeds wheat

Are Commodity Prices Ignoring Global Stocks?

WPI recently received a question from a client asking, in effect, if global crop prices have become immune – or at least less sensitive – to changes in global crop ending stocks. The reasoning offered was the perception that corn futures are becoming less responsive to declining glo...

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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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