World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: New Lows for Wheat; Cattle Contemplate their Direction

The CBOT continued its mostly range-bound trading affair on Wednesday with the ag markets seeing little fresh news to drive price action one way or another. Wheat futures hit new contract lows but recovered from that selloff to end slightly higher, though the market seems committed to staying near current levels. That statement could also be made of the soybean and corn markets where low-volatility trade has taken over since the Thanksgiving holiday. Traders seem to have become resigned to sideways trade heading into next week’s WASDE report and may have to continue that pattern into the holidays as the December report seldom offers big surprises. The most interesting price action right now is in the livestock markets where hogs look to be...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0.0175 from yesterday's close.  May 26 Wheat closed at $5.9525/bushel, down $0.03 from yesterday's close.  May 26 Soybeans closed at $11.6675/bushel, up $0.0325 from yesterday's close.  May 26 Soymeal closed at $316.6/short ton, up $1.4 fro...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Corn Argentina’s corn harvest continued to advance nationwide, gaining 3.8 percentage points on the week to reach 19 percent of planted area. Fieldwork maintained a solid pace across most of the agricultural region, with the national average yield currently estimated at 8.53 MT/...

The President’s 2027 Budget Proposal

President Trump unveiled his FY2027 budget proposal on Friday. The President’s budget, which is largely for positioning purposes, poses a starting point for Congressional budget deliberations and proposes a 19 percent cut to the USDA and a massive 42 percent boost to Pentagon spending. Th...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.54/bushel, up $0.0175 from yesterday's close.  May 26 Wheat closed at $5.9525/bushel, down $0.03 from yesterday's close.  May 26 Soybeans closed at $11.6675/bushel, up $0.0325 from yesterday's close.  May 26 Soymeal closed at $316.6/short ton, up $1.4 fro...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina Corn Argentina’s corn harvest continued to advance nationwide, gaining 3.8 percentage points on the week to reach 19 percent of planted area. Fieldwork maintained a solid pace across most of the agricultural region, with the national average yield currently estimated at 8.53 MT/...

The President’s 2027 Budget Proposal

President Trump unveiled his FY2027 budget proposal on Friday. The President’s budget, which is largely for positioning purposes, poses a starting point for Congressional budget deliberations and proposes a 19 percent cut to the USDA and a massive 42 percent boost to Pentagon spending. Th...

feed-grains soy-oilseeds wheat

Market Commentary: War and Easter Exit Strategy

There were a lot of moving parts on the last trading day of the holiday-shortened week, but liquidation and profit-taking may have been the strongest. A prolonged war and higher energy prices will impact consumption and inflation, while supporting biofuels. Storm systems may reduce some of the...

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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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