World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Grain Futures Surge as Dollar Slides

The first full day of the Trump Presidency saw CBOT grain futures surge as the U.S. dollar pulled back sharply. Corn, wheat, and soybeans all saw strong buying influences after the long U.S. holiday weekend with traders seeing bullish news from several points. The first point was President Trump’s apparent decision to delay applying tariffs to a slate of U.S. goods. That brought significant relief that U.S. grain exports might not suffer another “trade war” as they did in 2018, though Trump has vowed to apply tariffs against Canada and Mexico starting 1 February. Next was the bullishness reflected in funds’ positioning in grains, per the latest CFTC report. Funds continued to expand long positions in corn and flipped...

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feed-grains soy-oilseeds wheat

Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere

There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head. The big line item to watch agai...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.985/bushel, up $0.0475 from yesterday's close.  May 26 Soybeans closed at $11.6375/bushel, down $0.0325 from yesterday's close.  May 26 Soymeal closed at $332.7/short ton, down $1...

feed-grains soy-oilseeds wheat

Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere

There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head. The big line item to watch agai...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.985/bushel, up $0.0475 from yesterday's close.  May 26 Soybeans closed at $11.6375/bushel, down $0.0325 from yesterday's close.  May 26 Soymeal closed at $332.7/short ton, down $1...

Transportation Perspectives - 16 April

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and analysis. Current Ag Perspectives subscribers will have gratis access to the report through 16 April 2026. Please email us or subscr...

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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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