World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Negative Icing on a Bearish Cake; Cattle Rally as NWS Found 70 Miles from Border

The CBOT was sharply lower to start the week as markets had a negative reaction to surprising policy developments from South America. Argentina’s government announced a zero-export tax policy on grains through 31 October in an attempt to boost domestic reserves of U.S. dollars (for details, see this week’s MERCOSUR analysis from WPI). The move punished CBOT futures as it threatens the U.S. export program for the next several weeks. The export tax update came after grains and oilseeds had a poor finish to last week’s trade, which had technical traders primed for bearish action. Too, the lack of news about a trade deal with China – other than some progress on the sale of TikTok – and absolute silence on the issue...

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feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

Forlorn or Failure; Fertile or Futile; AI Impacts; Dirty Dozen Disinformation

Forlorn or Failure The spin from the WTO on the organization’s recent MC14 meetings was that a lot of decisions were adopted, progress was made, and while the event “ran out of time,” new commitments on outstanding issues can still be made in Geneva. Director-General Ngozi Oko...

feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

Forlorn or Failure; Fertile or Futile; AI Impacts; Dirty Dozen Disinformation

Forlorn or Failure The spin from the WTO on the organization’s recent MC14 meetings was that a lot of decisions were adopted, progress was made, and while the event “ran out of time,” new commitments on outstanding issues can still be made in Geneva. Director-General Ngozi Oko...

feed-grains soy-oilseeds wheat

Prospective Planting and Quarterly Stocks Reports Preview

The 2026 USDA Prospective Plantings Report is scheduled for release tomorrow. The report surveys farmer planting intentions for major crops, including corn, soybeans, and wheat. It also asks about 2025 planted and prevent-plant acres. This report gives the first real snapshot of what planted ac...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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