World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: WASDE Offers Surprises and Questions Linger Going Forward

The CBOT was strictly focused on the August WASE in Friday’s trade. Price action before the USDA’s noon report featured quiet, weaker spread trade and wheat fell 11-17 cents while corn and soybean futures pushed higher. The report itself was within the range of pre-report estimates, but several points (e.g., U.S. corn yields and wheat ending stocks) were on the extremes of analysts’ estimates. That lent the report an air of holding surprises, even if most key figures were within the expected range. Perhaps the biggest reaction to the August WASDE, as is always the case with this report, is the fact there is large potential for change in future WASDEs, based on challenging growing conditions in the U.S., EU, and Argentina.&...

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feed-grains soy-oilseeds wheat

Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers

Each year, the Chinese zodiac calendar features one animal to mark and typify the coming 365 days. If that process were applied to CBOT trade, Tuesday would have been the “day of the bear”, with all major grain markets ending in the red. The only specific trigger was the bearish NOP...

softs

Bearish Sugar Prices to Continue Despite Production Increases

The U.S. 2025/26 sugar supply is forecast at 14.119 million short tons, raw value (STRV), down 1,800 STRV from November as the decrease in expected imports of refined organic and specialty sugar, which pays the high tier, out of quota duty, more than offsets the increase in beginning stocks and...

soy-oilseeds wheat

China Market Analysis

Beans to Storage China is carrying out its annual purge of stored soybeans, selling them at around a half million tons per week over two months at auction. The amount of market discount depends more on quality, which is better than a few years ago when the need for stock rotation was newly appr...

feed-grains soy-oilseeds wheat

Market Commentary: Downtrend Dominance; Wheat Hits New Lows; Soy Falls on Crush Numbers

Each year, the Chinese zodiac calendar features one animal to mark and typify the coming 365 days. If that process were applied to CBOT trade, Tuesday would have been the “day of the bear”, with all major grain markets ending in the red. The only specific trigger was the bearish NOP...

softs

Bearish Sugar Prices to Continue Despite Production Increases

The U.S. 2025/26 sugar supply is forecast at 14.119 million short tons, raw value (STRV), down 1,800 STRV from November as the decrease in expected imports of refined organic and specialty sugar, which pays the high tier, out of quota duty, more than offsets the increase in beginning stocks and...

soy-oilseeds wheat

China Market Analysis

Beans to Storage China is carrying out its annual purge of stored soybeans, selling them at around a half million tons per week over two months at auction. The amount of market discount depends more on quality, which is better than a few years ago when the need for stock rotation was newly appr...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

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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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