World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Tariffs, WASDE, Fundamentals and Mixed Markets

Tariffs are down for many countries other than China, but they have not gone away. Yesterday’s market exuberance over the temporary pause was just a sugar high and reality returned on Thursday. The better-than-expected decline in inflation (CPI) in March wasn’t enough for outside markets and traders paired back bets. Unlike tariffs or CPI, the April WASDE report was not expected to move markets. It certainly did not move them in any unexpected way since the report itself was within the market’s expected range.   USDA had not changed the U.S. corn ending stocks number since January. It needed to increase the export number, which should trail back into ending stocks, and it did both. Following are some notable take...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.44/bushel, down $0.0325 from yesterday's close.  May 26 Wheat closed at $5.745/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.6525/bushel, up $0.0325 from yesterday's close.  May 26 Soymeal closed at $317.6/short ton, up $3.5...

feed-grains soy-oilseeds wheat

Market Commentary: Fundamentals Replace War Trading

Geopolitics has proven that it beats weather as a volatility driver, but agricultural markets and financials returned to fundamentals today. The truce/non-truce/truce had its influences, with the soy sector following oil higher, but wheat traded down on stocks reports while corn buyers’ e...

livestock

Livestock Round Up: Red Meat Production Down, Broilers Up

USDA released the April WASDE today with new 2026 meat production forecasts, changed from the March release. Beef is now projected at 25.79 billion pounds, down 20 million from March, mostly on lower first-half steer and heifer slaughter. Higher cow slaughter will partially offset the reduced...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.44/bushel, down $0.0325 from yesterday's close.  May 26 Wheat closed at $5.745/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.6525/bushel, up $0.0325 from yesterday's close.  May 26 Soymeal closed at $317.6/short ton, up $3.5...

feed-grains soy-oilseeds wheat

Market Commentary: Fundamentals Replace War Trading

Geopolitics has proven that it beats weather as a volatility driver, but agricultural markets and financials returned to fundamentals today. The truce/non-truce/truce had its influences, with the soy sector following oil higher, but wheat traded down on stocks reports while corn buyers’ e...

livestock

Livestock Round Up: Red Meat Production Down, Broilers Up

USDA released the April WASDE today with new 2026 meat production forecasts, changed from the March release. Beef is now projected at 25.79 billion pounds, down 20 million from March, mostly on lower first-half steer and heifer slaughter. Higher cow slaughter will partially offset the reduced...

biofuel energy

Quick Hits: Ethanol and Biodiesel Margins Update

Ethanol Ethanol production margins continue to experience a counter-seasonal surge, with the energy market rally driving the bulk of the move. Prior to the closure of the Strait of Hormuz in the Persian Gulf, U.S. ethanol margins were already trending above year-ago levels by $0.10-0.20/gallon...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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