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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feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  On 20 February, Germany confirmed its first case of Newcastle disease in 18 years, after a commercial turkey flock in Neißemünde was found to be infected. Separately, Poland had two new flocks confirmed as being infected with the disease, as the country continues...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 16–20 February 2026 During the week under review, the Russian grain market showed localized volatility across interior regions but remained generally stable at export terminals, the country’s primary trading platform. Among commodities, top-grade milling wheat...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Rally on PNW Export Rumors; Grains Ease on Profit Taking

The soy complex was the upside leader again on rumors of Chinese purchases of U.S. soybeans from the PNW, as well as some harvest and quality issues in Brazil. Soyoil continued to find support from hopes that the EPA will release its biofuel policy obligations in the coming few days, though no...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  On 20 February, Germany confirmed its first case of Newcastle disease in 18 years, after a commercial turkey flock in Neißemünde was found to be infected. Separately, Poland had two new flocks confirmed as being infected with the disease, as the country continues...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 16–20 February 2026 During the week under review, the Russian grain market showed localized volatility across interior regions but remained generally stable at export terminals, the country’s primary trading platform. Among commodities, top-grade milling wheat...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Rally on PNW Export Rumors; Grains Ease on Profit Taking

The soy complex was the upside leader again on rumors of Chinese purchases of U.S. soybeans from the PNW, as well as some harvest and quality issues in Brazil. Soyoil continued to find support from hopes that the EPA will release its biofuel policy obligations in the coming few days, though no...

Supreme Court Ruling on Tariffs: Out with Old, In with New

Last Thursday, the Supreme Court of the United States upheld a lower court ruling that the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were “contrary to the law.” However, as President Trump noted, the opinion remained silent on the issue of rebatin...

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Illuminating the value of technical research

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