World Perspectives
feed-grains soy-oilseeds wheat

PM Post - Highs and Lows Likely to Stand

THE OPEN Nov beans:  5 1/4 lower Dec meal:     1.90 lower Dec soyoil:  12 higher Dec corn:  2 1/2 lower Dec wheat:  5 lower Prices opened in line with trade expectations, with traders returning to a buy soyoil/sell meal trade, which ultimately lifted beans higher from lower.  Wheat prices continued to find pressure, while corn prices found renewed support from beans.  The higher US dollar was mostly negative for wheat, as traders unwound previous buy wheat/sell corn.  Mo./ Illinois weather is wetter, and forecasts suggest that the western corn belt could see rains.  However, given the declining ratings, the bean market is in a "show-me" the precipitation. More private esti...

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feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 8–12 December 2025 Russia’s grain market continued its bearish trend that began in early December. Global fundamentals remain the primary pressure point, and Russia is no exception given its strong linkage to international trade flows. Exceptions include barte...

livestock

Livestock Industry Margins

Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145/head to –$75 as fed cattle prices rebounded $7/cwt (live basis), while the Choice cutout slipped nearly $7/cwt. The rapid compression...

FOB Prices and Freight Rates App (Updated 17 December)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grains Market: 8–12 December 2025 Russia’s grain market continued its bearish trend that began in early December. Global fundamentals remain the primary pressure point, and Russia is no exception given its strong linkage to international trade flows. Exceptions include barte...

livestock

Livestock Industry Margins

Beef packer margins reversed sharply lower last week, swinging back into negative territory after six straight weeks of positive returns. Margins fell $145/head to –$75 as fed cattle prices rebounded $7/cwt (live basis), while the Choice cutout slipped nearly $7/cwt. The rapid compression...

FOB Prices and Freight Rates App (Updated 17 December)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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