World Perspectives
feed-grains

WASDE Corn - July 2025

USDA’s July 2025 outlook for U.S. corn is a reduction in ending stocks from the June estimate of 1.75 billion bushels to 1.66 billion bushels. U.S. corn exports were increased 100 million bushels to 2.8 billion; If realized, those exports would be record high. The seasonal average farm price of corn received by farmers is unchanged at $4.20 per bushel. Foreign corn ending stocks for 2025/26 are cut to 272.1 million tons - down 3.2 million from June...

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feed-grains soy-oilseeds wheat

Market Commentary: Lots of Uncertainties Except Certain Problems with China

There was no reversal of yesterday’s decline in commodity markets. The trend is your friend, and that beat out thoughts of a technical reversal. The market was down at the open and then came even more bearish outside influences.  Commodity and financial market prices plunged as the t...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.13/bushel, down $0.0525 from yesterday's close.  Dec 25 Wheat closed at $4.985/bushel, down $0.08 from yesterday's close.  Nov 25 Soybeans closed at $10.0675/bushel, down $0.155 from yesterday's close.  Dec 25 Soymeal closed at $275/short ton, down $1.9 f...

Reconciliation Bill Increases Crop Payments

The reconciliation bill signed into law on 4 July, aka the One Big Beautiful Bill, increased statutory reference prices under the Agricultural Risk Payments (ARC) and Price Loss Coverage (PLC) programs and made some changes to the effective reference prices (ERP) which are used to calculate pay...

feed-grains soy-oilseeds wheat

Market Commentary: Lots of Uncertainties Except Certain Problems with China

There was no reversal of yesterday’s decline in commodity markets. The trend is your friend, and that beat out thoughts of a technical reversal. The market was down at the open and then came even more bearish outside influences.  Commodity and financial market prices plunged as the t...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.13/bushel, down $0.0525 from yesterday's close.  Dec 25 Wheat closed at $4.985/bushel, down $0.08 from yesterday's close.  Nov 25 Soybeans closed at $10.0675/bushel, down $0.155 from yesterday's close.  Dec 25 Soymeal closed at $275/short ton, down $1.9 f...

Reconciliation Bill Increases Crop Payments

The reconciliation bill signed into law on 4 July, aka the One Big Beautiful Bill, increased statutory reference prices under the Agricultural Risk Payments (ARC) and Price Loss Coverage (PLC) programs and made some changes to the effective reference prices (ERP) which are used to calculate pay...

soy-oilseeds

What Spreads and Basis Are Saying About Soybean Exports

The government shutdown has entered its tenth day, leaving the grain markets without two weeks of export data. Fortunately, the USDA AMS and FGIS continue to publish the weekly Export Inspections report, leaving the grain industry not totally blind to exports. Even so, that report covers only a...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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