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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Convenience over Causation; Rules and Convenience; GI’s in America; Transatlantic Work Views

Convenience over Causation A months’ long commitment to delivering in September led to today’s announcement by chemo-phobe RFK, Jr. that, “I think we found an answer to autism” As previously noted, the Trump Administration’s Make America Healthy Again (MAHA) report...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, down $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.1075/bushel, down $0.1175 from yesterday's close.  Nov 25 Soybeans closed at $10.11/bushel, down $0.145 from yesterday's close.  Dec 25 Soymeal closed at $280.1/short ton, down $...

livestock

Plan to Rebuild Beef Cattle Supply is Coming This Week

Yesterday, USDA released a statement confirming the detection of New World Screwworm (NSW) in in Sabinas Hidalgo, located in the Mexican state of Nuevo León, less than 70 miles from the U.S.-Mexico border.  The case was confirmed by the National Service of Agro-Alimentary Health, Sa...

Convenience over Causation; Rules and Convenience; GI’s in America; Transatlantic Work Views

Convenience over Causation A months’ long commitment to delivering in September led to today’s announcement by chemo-phobe RFK, Jr. that, “I think we found an answer to autism” As previously noted, the Trump Administration’s Make America Healthy Again (MAHA) report...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2175/bushel, down $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.1075/bushel, down $0.1175 from yesterday's close.  Nov 25 Soybeans closed at $10.11/bushel, down $0.145 from yesterday's close.  Dec 25 Soymeal closed at $280.1/short ton, down $...

livestock

Plan to Rebuild Beef Cattle Supply is Coming This Week

Yesterday, USDA released a statement confirming the detection of New World Screwworm (NSW) in in Sabinas Hidalgo, located in the Mexican state of Nuevo León, less than 70 miles from the U.S.-Mexico border.  The case was confirmed by the National Service of Agro-Alimentary Health, Sa...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 22 September)

Update for 28 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where o...

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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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