World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rises as Russia Considers Export Ban; Cattle Extend Rally

The CBOT saw wheat emerge as the upside leader for the day with multiple bullish stories offering support, including one from Reuters that indicates Russia may be considering a ban on grain exports. Details are nonexistent, but there is reportedly a meeting soon between the ag ministry and grain traders to “discuss” a possible ban. That, combined with global weather issues and a 1-MMT cut to Argentina’s wheat crop forecast, put wheat in the green for the day. Corn and soybeans tried to follow but, lacking any bullish story(ies) of their own, such attempts failed and markets slid lower. Funds were slight net sellers in corn and the soy complex while still covering shorts in wheat. Pre-WASDE trade and position evening, of co...

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soy-oilseeds

WASDE Soybeans - Mar 2026

USDA’s outlook for 2025/26 U.S. soybeans had increased imports and crush, but ending stocks remained unchanged from last month.  The average annual soybean price is projected unchanged at $10.20 per bushel. The soybean meal price is increased by $5 per short ton to $300. The soybean...

feed-grains

WASDE Corn - Mar 2026

USDA’s outlook for 2025/26 U.S. corn outlook is unchanged from last month. Global corn ending stocks increased by 3.8 million metric tons to 292.8 million. The season-average corn price received by U.S. producers is unchanged at $4.10 per bushel...

wheat

WASDE Wheat - Mar 2026

USDA’s outlook for 2025/26 U.S. wheat supply and use categories are unchanged from last month. Global supplies increased modestly by 0.2 million tons to 1,101.8 million and global ending stocks remain at a 5-year high. The result is that the average U.S. farm price is adjusted up modestly...

soy-oilseeds

WASDE Soybeans - Mar 2026

USDA’s outlook for 2025/26 U.S. soybeans had increased imports and crush, but ending stocks remained unchanged from last month.  The average annual soybean price is projected unchanged at $10.20 per bushel. The soybean meal price is increased by $5 per short ton to $300. The soybean...

feed-grains

WASDE Corn - Mar 2026

USDA’s outlook for 2025/26 U.S. corn outlook is unchanged from last month. Global corn ending stocks increased by 3.8 million metric tons to 292.8 million. The season-average corn price received by U.S. producers is unchanged at $4.10 per bushel...

wheat

WASDE Wheat - Mar 2026

USDA’s outlook for 2025/26 U.S. wheat supply and use categories are unchanged from last month. Global supplies increased modestly by 0.2 million tons to 1,101.8 million and global ending stocks remain at a 5-year high. The result is that the average U.S. farm price is adjusted up modestly...

feed-grains soy-oilseeds wheat

Market Commentary: Easing But Not Ending Novelty and Risk

There were more modest volumes trading in today’s session, perhaps reflecting growing resilience and circumspection about geopolitical uncertainties. The trade has had an ample opportunity to react to the modest changes in USDA’s March WASDE report, and there is still plenty of expe...

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From WPI Consulting

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