World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Some Weekend Pullbacks but Nothing Scary

It was a pause and reflect day for some contracts, and more getting beat down for the cattle market. The latter invoking more limit-down safeguards. There were slight gains for soymeal, HRW and hogs, with the rest of the complex showing red. There was good volume for a Friday in corn, soybeans, some wheats, and particularly in cattle. No doubt there was some profit-taking involved.  The overall week was generally greener than the ‘get out of Dodge’ mindset on Friday with the following notables:

It was the fourth week lower for lean hogs, led by lower cutout values. It was the second week lower for cattle, but with cutout values counterintuitively gaining. It was the second week higher for corn, SRW, HRW, soybeans and soyme...

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feed-grains soy-oilseeds wheat

Market Commentary: Expected Biofuel Announcement Cannot Dislodge War Worries

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Downside Risk for Wheat into 2026/27

The current rally in wheat futures is widely known to be driven by fund buying in response to the conflict in the Middle East. Part of the price gains has also been motivated by concerns for the HRW crop in the U.S. Plains amid dry weather and the strong U.S. wheat export pace to date. What has...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.62/bushel, down $0.05 from yesterday's close.  May 26 Wheat closed at $6.05/bushel, up $0 from yesterday's close.  May 26 Soybeans closed at $11.5925/bushel, down $0.145 from yesterday's close.  May 26 Soymeal closed at $315.3/short ton, down $6.8 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Expected Biofuel Announcement Cannot Dislodge War Worries

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wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.62/bushel, down $0.05 from yesterday's close.  May 26 Wheat closed at $6.05/bushel, up $0 from yesterday's close.  May 26 Soybeans closed at $11.5925/bushel, down $0.145 from yesterday's close.  May 26 Soymeal closed at $315.3/short ton, down $6.8 from ye...

livestock

Grassley and Smith Introduce Meat Industry Consolidation Bill

Previously, on 24 March, WPI wrote about fertilizer consolidation and an effort by Majority Leader John Thune to introduce mandatory price reporting for fertilizer, similar to the process for meat and dairy. However, the efforts to address concentration and market transparency continue. More re...

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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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