World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Leads CBOT Rally on Dismal Crop Ratings

Yesterday’s Crop Progress report from USDA showing five-year lows in winter wheat conditions ratings put a bid under KCBT and CBOT wheat Tuesday. Combined with the fact the Russia-Ukraine war shows no sign of slowing down, the entire CBOT rallied in continued “risk-on” mode. Also concerning were updated long-term weather forecasts showing a worsening drought for the U.S. central Plains/western Corn Belt through August.  For the day, funds were rumored to be net buyers of 6,000 contracts of wheat, 12,000 contracts of corn, and 10,000 contracts of soybeans. Funds also secured 6,000 long contracts of soymeal and were slight net buyers in soyoil.  Large trading volume in the first 10-15 minutes of the trading day...

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feed-grains soy-oilseeds wheat

Market Commentary: Bottom Signaled; Beef Attacked

Fund buying is signaling it is the market bottom for grains, because they say so. And beef has hit a market top because President Trump says it has. Of course, it is more complex than that but those are authoritative sources.  The corn market did not wait for such signals, instead rallying...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.225/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.0375/bushel, up $0.0125 from yesterday's close.  Nov 25 Soybeans closed at $10.195/bushel, up $0.0875 from yesterday's close.  Dec 25 Soymeal closed at $281/short ton, up $4.1 from...

livestock

Trump Announces Cattle and Beef Plan: Color Us Suspicious

This morning, President Trump announced that the administration is working on a plan to lower beef prices. The price of beef is "higher than we want it, and that's going to be coming down pretty soon too. We did something, we worked out magic" Trump said, with no details offered.   As...

feed-grains soy-oilseeds wheat

Market Commentary: Bottom Signaled; Beef Attacked

Fund buying is signaling it is the market bottom for grains, because they say so. And beef has hit a market top because President Trump says it has. Of course, it is more complex than that but those are authoritative sources.  The corn market did not wait for such signals, instead rallying...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.225/bushel, up $0.0075 from yesterday's close.  Dec 25 Wheat closed at $5.0375/bushel, up $0.0125 from yesterday's close.  Nov 25 Soybeans closed at $10.195/bushel, up $0.0875 from yesterday's close.  Dec 25 Soymeal closed at $281/short ton, up $4.1 from...

livestock

Trump Announces Cattle and Beef Plan: Color Us Suspicious

This morning, President Trump announced that the administration is working on a plan to lower beef prices. The price of beef is "higher than we want it, and that's going to be coming down pretty soon too. We did something, we worked out magic" Trump said, with no details offered.   As...

livestock

Record Breaking Cow-Calf Profitability for 2025

With October and the fall calf run now officially here, the beef industry is getting its first look at the realized profitability of many cow-calf operations. Most operations wean and market calves in the fall, starting in September or early October and running through December, which means Q4...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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