World Perspectives
soy-oilseeds

U.S. Soybean Crush Margin Outlook

The recent strength in U.S. soyoil and soymeal prices has helped push “board” crush margin (i.e., the margin implied or calculated by CBOT futures contracts) to new highs with the VVX margin hitting $1.62/bushel and the HHH margins topping the $1.45 mark for the first time in over a year. The recent surge follows historically strong margins that have persisted for most of MY 2023/24. The profitability offered by the crush margin has been one major factor driving the record-high soybean crush program this year. 

The U.S. soybean crush now accounts for about 54 percent of the total annual use, making examination of processing margins and how they will drive the crush sector’s demand germane for soybean demand and pri...

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feed-grains soy-oilseeds wheat

Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere

There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head. The big line item to watch agai...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.985/bushel, up $0.0475 from yesterday's close.  May 26 Soybeans closed at $11.6375/bushel, down $0.0325 from yesterday's close.  May 26 Soymeal closed at $332.7/short ton, down $1...

feed-grains soy-oilseeds wheat

Market Commentary: More Wheat Weather Premium, but Weakness Elsewhere

There was generally modest volume today, with the exception of wheat, which was also uniquely higher on the day. New highs for the calendar year were printed in HRW as the fledgling crop is about to have the double-whammy of freezing temperatures added to drought as the welcoming committee for...

livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly cattle on feed report for 1 April will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.3 percent of last year. Those estimates imply an on-feed inventory of 11.6 million head. The big line item to watch agai...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.485/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.985/bushel, up $0.0475 from yesterday's close.  May 26 Soybeans closed at $11.6375/bushel, down $0.0325 from yesterday's close.  May 26 Soymeal closed at $332.7/short ton, down $1...

Transportation Perspectives - 16 April

WPI has officially launched Transportation Perspectives as a standalone weekly report separate from our Ag Perspectives articles and analysis. Current Ag Perspectives subscribers will have gratis access to the report through 16 April 2026. Please email us or subscr...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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