The trading session opened kind of sluggish, not even meeting the overnight closes. There was uncertainty in grains and oilseeds, though not in livestock since it opened lower. Soybeans surged first, with corn following and wheat getting the hint about two hours into the day. The market remains down overall for the week, but today’s higher closes helped soften the past few days of losses, particularly for soybeans.
The dour tone that was set early in the week included crop conditions holding up better than expected, Ukraine finally exporting grain, and U.S. House Speaker Nancy Pelosi poking number one buyer China in the eye. It all seemed ominous. Funds have been exiting. But the weather still holds risk. There are still 17 s...
There was heavy volume exiting soybeans, which dragged down the broader market today. The lack of a specific Chinese buying commitment for soybeans undermined speculators who had placed bets on state-directed trade. But even the Chinese do not totally ignore market fundamentals. They may still...
On Tuesday, 12 May, WPI reported on an Executive Order being prepared by the Trump Administration to suspend tariff rate quotas (TRQs) on beef from all exporters for 200 days as a means of addressing high beef prices in the United States. After considerable pushback from cattle producer groups,...
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 subscribe online after this date to...
