World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Soy Complex Extends Rally while Corn, Wheat Move Lower

Pre-holiday trade at the CBOT featured the continuation of the soyoil and broader soy complex rally while corn and wheat sagged lower in uninspired trade. Trading volume was expectedly light ahead of the one-day break in trading and few markets made major moves. Those that did, however, included soyoil and live cattle and the day’s price action establishes strong bullish trends for trade Friday and early next week. Overall fundamental news remained light ahead of the holiday and broadly unconceding weather forecasts for the U.S. further reduced trading interest and volume. Volume and price action will likely be subdued as well on Friday and Monday’s trade will feature a reaction to weekend weather and forecasts, as well as any f...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5775/bushel, up $0.02 from yesterday's close.  May 26 Wheat closed at $6.1625/bushel, up $0.0925 from yesterday's close.  May 26 Soybeans closed at $11.71/bushel, up $0.1125 from yesterday's close.  May 26 Soymeal closed at $316.4/short ton, up $1.5 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq’s 2026 wheat imports are seen increasing by about 8.3 percent to 2.4 million MT, according to the FAO, as a result of the 16 percent lower 2025 wheat crop — down to 4.4 MMT in 2025 from 5.2 MMT in 2024. Planting f...

feed-grains soy-oilseeds wheat

March Grain Stocks Summary

The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5775/bushel, up $0.02 from yesterday's close.  May 26 Wheat closed at $6.1625/bushel, up $0.0925 from yesterday's close.  May 26 Soybeans closed at $11.71/bushel, up $0.1125 from yesterday's close.  May 26 Soymeal closed at $316.4/short ton, up $1.5 from...

feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iraq’s 2026 wheat imports are seen increasing by about 8.3 percent to 2.4 million MT, according to the FAO, as a result of the 16 percent lower 2025 wheat crop — down to 4.4 MMT in 2025 from 5.2 MMT in 2024. Planting f...

feed-grains soy-oilseeds wheat

March Grain Stocks Summary

The attached PDF offers graphical depiction and analysis of the latest USDA Grain Stocks data for key commodities. The data is, of course, taken from the quarterly Grain Stocks report. WPI recently completed an expansion of the analysis and welcomes any feedback/suggestions.  ...

livestock

Livestock Industry Margins

Beef packer margins eased slightly to $119/head, declining $7/head week over week as a modest softening in the cutout combined with a small increase in live cattle prices compressed margins. Despite the weekly pullback, margins remain sharply improved on a monthly basis (+$233/head), supported...

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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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